AB SKF (OTCMKTS:SKFRY - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as $24.05 and last traded at $23.47, with a volume of 3635 shares changing hands. The stock had previously closed at $23.84.
Wall Street Analysts Forecast Growth
Separately, Barclays lowered shares of AB SKF from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th.
Read Our Latest Stock Analysis on SKFRY
AB SKF Trading Down 1.8%
The firm has a market cap of $10.66 billion, a P/E ratio of 17.73, a P/E/G ratio of 2.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 2.05. The firm has a fifty day moving average of $22.00 and a 200-day moving average of $20.78.
AB SKF (OTCMKTS:SKFRY - Get Free Report) last posted its earnings results on Friday, April 25th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. AB SKF had a return on equity of 14.16% and a net margin of 6.51%. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $24.86 billion. Equities research analysts forecast that AB SKF will post 1.51 earnings per share for the current 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.
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