AB SKF (OTCMKTS:SKFRY) Given Average Recommendation of “Hold” by Analysts

Shares of AB SKF (OTCMKTS:SKFRY) have received a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company.

A number of research analysts have issued reports on SKFRY shares. Royal Bank Of Canada cut shares of AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research raised AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd.

AB SKF Trading Up 1.6%

OTCMKTS SKFRY opened at $27.21 on Thursday. The company has a 50 day moving average price of $25.90 and a 200 day moving average price of $26.16. The firm has a market cap of $12.39 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. AB SKF has a 52 week low of $22.26 and a 52 week high of $29.41.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. AB SKF had a return on equity of 13.63% and a net margin of 4.23%.The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.44 billion. As a group, sell-side analysts forecast that AB SKF will post 1.8 EPS for the current fiscal year.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.