AB SKF (OTCMKTS:SKFRY) Announces Earnings Results

AB SKF (OTCMKTS:SKFRY) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01), Morningstar.com reports. AB SKF had a net margin of 7.96% and a return on equity of 18.82%. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.33 billion.

SKFRY stock opened at $17.02 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.47. AB SKF has a one year low of $13.78 and a one year high of $20.66. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 6.06 and a beta of 1.13. The firm’s 50-day moving average price is $17.10.

A number of equities research analysts have weighed in on the stock. Bank of America raised shares of Atlas Copco from a “neutral” rating to a “buy” rating in a report on Friday, July 5th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Deutsche Bank set a €167.00 ($194.19) price target on shares of Linde and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, BNP Paribas downgraded shares of Rio Tinto from a “neutral” rating to an “underperform” rating in a report on Wednesday, April 10th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.00.

About AB SKF

AB SKF (publ) offers bearings, seals, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; lubricants; actuation systems, ball and roller screws, linear guides and tables, and engineering tools; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and suspension products.

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Earnings History for AB SKF (OTCMKTS:SKFRY)

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