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

AB SKF (publ) (OTCMKTS:SKFRY) announced its quarterly earnings results on Thursday. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.44 billion.

AB SKF (publ) Stock Down 4.1 %

Shares of SKFRY stock opened at $18.61 on Friday. AB SKF has a fifty-two week low of $15.39 and a fifty-two week high of $22.95. The stock has a market cap of $8.47 billion, a P/E ratio of 10.88, a P/E/G ratio of 0.83 and a beta of 1.22. The business has a fifty day simple moving average of $20.87 and a 200-day simple moving average of $20.74.

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.