AB SKF (OTCMKTS:SKFRY) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

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

OTCMKTS SKFRY opened at $17.05 on Friday. The business’s 50 day simple moving average is $17.13. AB SKF has a one year low of $13.78 and a one year high of $20.66. The firm has a market capitalization of $7.75 billion, a PE ratio of 9.27, a P/E/G ratio of 5.94 and a beta of 1.13. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.47.

Several equities research analysts recently commented on SKFRY shares. BNP Paribas cut Rio Tinto from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 10th. Deutsche Bank set a €167.00 ($194.19) target price on Linde and gave the stock a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Finally, Bank of America raised Atlas Copco from a “neutral” rating to a “buy” rating in a research note on Friday, July 5th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. AB SKF has a consensus rating of “Hold” and a consensus target price 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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