AB SKF (publ) (OTCMKTS:SKFRY) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

AB SKF (publ) (OTCMKTS:SKFRY) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04, Zacks reports. AB SKF (publ) had a return on equity of 13.98% and a net margin of 5.69%. The firm had revenue of $2.27 billion during the quarter.

AB SKF (publ) Price Performance

Shares of SKFRY stock traded down $0.17 during mid-day trading on Friday, hitting $18.73. 20,648 shares of the stock traded hands, compared to its average volume of 21,621. AB SKF has a twelve month low of $16.31 and a twelve month high of $22.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.36 and a current ratio of 2.36. The company’s 50-day simple moving average is $18.88 and its 200-day simple moving average is $19.75. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of AB SKF (publ) to a “hold” rating in a research note 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.