Free Trial

AB SKF (OTCMKTS:SKFRY) Reaches New 1-Year High - Should You Buy?

AB SKF logo with Industrials background

Key Points

  • AB SKF's stock reached a new 52-week high at $25.99, reflecting strong market performance with a recent closing price of $25.92.
  • The company reported earnings of $0.52 per share for the last quarter, exceeding analysts' expectations of $0.43.
  • AB SKF has a market capitalization of $11.73 billion and is involved in manufacturing bearings, seals, and lubrication systems worldwide.
  • Need better tools to track AB SKF? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

AB SKF (OTCMKTS:SKFRY - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $25.99 and last traded at $25.92, with a volume of 3739 shares. The stock had previously closed at $25.98.

AB SKF Stock Performance

The company has a market capitalization of $11.73 billion, a P/E ratio of 22.81, a PEG ratio of 2.46 and a beta of 1.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.13. The company has a fifty day moving average price of $23.61 and a two-hundred day moving average price of $21.79.

AB SKF (OTCMKTS:SKFRY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The industrial products company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.09. 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 14.26% and a net margin of 5.54%. Equities analysts forecast that AB SKF will post 1.51 earnings per share for the current fiscal year.

AB SKF Company Profile

(Get Free Report)

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in AB SKF Right Now?

Before you consider AB SKF, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AB SKF wasn't on the list.

While AB SKF currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Quiet Growth Stocks With Major Momentum
The Market’s Next Big Winners? Start Here
5 High Short Interest Stocks to Buy Before November

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines