AB SKF (SKFRY) Expected to Announce Quarterly Earnings on Friday

Key Points

• AB SKF is expected to report quarterly earnings on Friday, April 24, with analysts projecting EPS of $0.375 and revenue of $2.4385 billion.
• In the prior quarter AB SKF reported $0.37 EPS, missing the $0.41 consensus by $0.04, while revenue of $2.48 billion beat expectations of $2.41 billion.
• Analyst sentiment has turned negative—several firms downgraded the stock and MarketBeat shows an average rating of "Reduce"—while shares trade near $26 with a PE of 30.35 and a market cap around $11.88 billion.

AB SKF (OTCMKTS:SKFRY - Get Free Report) will likely be issuing its resultson Friday, April 24th. Analysts expect the company to announce earnings of $0.3750 per share and revenue of $2.4385 billion for the quarter.

AB SKF (OTCMKTS:SKFRY - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The industrial products company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). AB SKF had a return on equity of 14.27% and a net margin of 4.20%.The business had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.41 billion. On average, analysts expect AB SKF to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AB SKF Price Performance

Shares of SKFRY opened at $26.10 on Friday. The company has a 50 day moving average price of $25.94 and a 200-day moving average price of $26.20. AB SKF has a fifty-two week low of $17.49 and a fifty-two week high of $29.41. The stock has a market capitalization of $11.88 billion, a PE ratio of 30.35, a PEG ratio of 1.73 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SKFRY shares. Jefferies Financial Group cut shares of AB SKF from a "hold" rating to a "moderate sell" rating in a research report on Sunday, January 25th. The Goldman Sachs Group cut shares of AB SKF from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, January 19th. Zacks Research cut shares of AB SKF from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 10th. Finally, Rothschild & Co Redburn cut shares of AB SKF from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce".

About AB SKF

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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