AB SKF (publ) (OTCMKTS:SKFRY) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

AB SKF (publ) (OTCMKTS:SKFRY) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04, Zacks reports. AB SKF (publ) had a net margin of 5.69% and a return on equity of 13.98%. The business had revenue of $2.27 billion during the quarter.

AB SKF (publ) Stock Performance

SKFRY stock traded down $0.17 during midday trading on Friday, hitting $18.73. 20,648 shares of the company traded hands, compared to its average volume of 21,621. AB SKF has a twelve month low of $16.31 and a twelve month high of $22.95. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23. The company has a quick ratio of 1.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.33. The business has a 50 day simple moving average of $18.88 and a 200-day simple moving average of $19.75.

Analyst Ratings Changes

Separately, Citigroup raised AB SKF (publ) to a “hold” rating in a research report on Friday, October 11th.

AB SKF (publ) Company Profile

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.