AB SKF (OTCMKTS:SKFRY - Get Free Report) posted its quarterly earnings results on Friday. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09, Zacks reports. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $22.91 billion. AB SKF had a return on equity of 14.32% and a net margin of 5.54%.
AB SKF Trading Down 0.3%
Shares of OTCMKTS:SKFRY traded down $0.07 on Tuesday, hitting $24.43. The company had a trading volume of 4,264 shares, compared to its average volume of 22,232. The company has a quick ratio of 1.18, a current ratio of 2.05 and a debt-to-equity ratio of 0.24. The firm's 50-day simple moving average is $22.39 and its two-hundred day simple moving average is $21.01. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.14 and a beta of 1.15. AB SKF has a 1 year low of $15.86 and a 1 year high of $24.84.
Wall Street Analysts Forecast Growth
Separately, Barclays downgraded AB SKF from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th.
View Our Latest Stock Report on AB SKF
About AB SKF
(
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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.
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