AB SKF (publ) (OTCMKTS:SKFRY) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

AB SKF (publ) (OTCMKTS:SKFRY) posted its quarterly earnings results on Friday. The industrial products company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11, Zacks reports. AB SKF (publ) had a net margin of 5.69% and a return on equity of 13.93%.

AB SKF (publ) Trading Down 2.8 %

SKFRY opened at $20.27 on Friday. AB SKF has a twelve month low of $17.15 and a twelve month high of $22.95. The firm has a market cap of $9.23 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.14 and a current ratio of 2.01. The firm’s fifty day moving average is $19.53 and its two-hundred day moving average is $19.05.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded AB SKF (publ) to a “hold” rating in a research report on Friday, October 11th.

About AB SKF (publ)

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.