AB SKF (OTCMKTS:SKFRY - Get Free Report) will likely be posting its quarterly earnings results on Thursday, July 17th. Analysts expect AB SKF to post 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 business had revenue of $2.47 billion during the quarter, compared to analysts' expectations 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 traded down $0.44 on Friday, hitting $23.40. The company had a trading volume of 24,832 shares, compared to its average volume of 10,821. The company's fifty day moving average price is $22.00 and its 200 day moving average price is $20.79. AB SKF has a 1-year low of $15.86 and a 1-year high of $24.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.05 and a quick ratio of 1.18. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.07 and a beta of 1.15.
Analysts Set New Price Targets
Separately, Barclays lowered AB SKF from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th.
Get Our Latest Stock Analysis on AB SKF
AB SKF Company Profile
(
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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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