AB SKF (publ) (OTCMKTS:SKFRY) Upgraded at Citigroup

Citigroup upgraded shares of AB SKF (publ) (OTCMKTS:SKFRY) to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

AB SKF (publ) Stock Performance

AB SKF (publ) stock opened at $19.02 on Friday. AB SKF has a 12-month low of $15.39 and a 12-month high of $22.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23. The firm’s fifty day moving average price is $18.70 and its 200 day moving average price is $19.93.

AB SKF (publ) (OTCMKTS:SKFRY) last announced its earnings results on Thursday, July 18th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. AB SKF (publ) had a return on equity of 14.24% and a net margin of 5.68%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.44 billion. On average, research analysts forecast that AB SKF will post 1.54 EPS for the current fiscal year.

AB SKF (publ) Company Profile

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.