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.
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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