AB SKF (publ) (OTCMKTS:SKFRY) Issues Earnings Results, Beats Estimates By $0.08 EPS

AB SKF (publ) (OTCMKTS:SKFRY) released its earnings results on Thursday. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08, Yahoo Finance reports. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.44 billion. AB SKF (publ) had a return on equity of 14.38% and a net margin of 5.68%.

AB SKF (publ) Stock Performance

OTCMKTS SKFRY opened at $18.61 on Friday. AB SKF has a 52 week low of $15.39 and a 52 week high of $22.95. The stock’s 50 day moving average price is $20.87 and its two-hundred day moving average price is $20.74. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 0.83 and a beta of 1.22.

About AB SKF (publ)

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.