AB SKF (OTCMKTS:SKFRY) Given Average Rating of "Reduce" by Analysts

Key Points

• Consensus "Reduce": Six analysts give AB SKF an average rating of Reduce (2 sell, 3 hold, 1 buy), with major downgrades from firms including Goldman Sachs, RBC, Jefferies, Zacks and Rothschild & Co Redburn.
• Mixed quarterly results: AB SKF reported EPS of $0.46 beating estimates of $0.40 but revenue of $2.39 billion missed the $2.44 billion consensus, with a return on equity of 14.05% and net margin of 4.23%; analysts forecast full-year EPS of 1.84.
• Valuation and trading range: The stock opened at $25.25 with a market cap of $11.5 billion and a P/E of 28.69, trading in a one-year range of $19.64 to $29.41 (50-day MA $25.34, 200-day MA $26.21).

AB SKF (OTCMKTS:SKFRY - Get Free Report) has been assigned a consensus rating of "Reduce" from the six research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company.

SKFRY has been the subject of several recent research reports. Royal Bank Of Canada cut AB SKF from a "moderate buy" rating to a "hold" rating in a report on Monday, April 20th. The Goldman Sachs Group cut AB SKF from a "strong-buy" rating to a "strong sell" rating in a report on Monday, January 19th. Zacks Research cut AB SKF from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 10th. Rothschild & Co Redburn downgraded shares of AB SKF from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group downgraded shares of AB SKF from a "hold" rating to a "moderate sell" rating in a research report on Sunday, January 25th.

AB SKF Stock Performance

Shares of OTCMKTS:SKFRY opened at $25.25 on Friday. The stock has a market capitalization of $11.50 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.91 and a beta of 1.18. AB SKF has a 1-year low of $19.64 and a 1-year high of $29.41. The company has a current ratio of 2.11, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $25.34 and a two-hundred day moving average price of $26.21.

AB SKF (OTCMKTS:SKFRY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.44 billion. AB SKF had a return on equity of 14.05% and a net margin of 4.23%. Equities analysts predict that AB SKF will post 1.84 earnings per share for the current year.

AB SKF Company Profile

AB SKF OTCMKTS: SKFRY is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company's products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world's first self-aligning ball bearing and has since grown into a truly global organization.

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