AB SKF (publ) (OTCMKTS:SKFRY) Announces Earnings Results

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

AB SKF (publ) Trading Down 4.1 %

SKFRY opened at $18.61 on Friday. The business has a 50 day moving average of $20.87 and a 200-day moving average of $20.74. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 0.83 and a beta of 1.22. AB SKF has a 1-year low of $15.39 and a 1-year high of $22.95.

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.