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AB SKF (SKFRY) Projected to Post Quarterly Earnings on Thursday

AB SKF logo with Industrials background

AB SKF (OTCMKTS:SKFRY - Get Free Report) is projected to announce its earnings results on Thursday, July 17th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $22.91 billion for the quarter.

AB SKF (OTCMKTS:SKFRY - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The industrial products company reported $0.44 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $24.86 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 Stock Performance

SKFRY stock traded down $0.26 during midday trading on Friday, hitting $23.58. 18,876 shares of the company traded hands, compared to its average volume of 22,803. AB SKF has a twelve month low of $15.86 and a twelve month high of $24.05. 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 business has a 50 day simple moving average of $21.84 and a 200-day simple moving average of $20.72. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.06 and a beta of 1.15.

Analyst Ratings Changes

Separately, Barclays downgraded shares of AB SKF from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th.

View Our Latest Stock Report on AB SKF

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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Earnings History for AB SKF (OTCMKTS:SKFRY)

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