AB SKF (publ) (OTCMKTS:SKFRY) Raised to Hold at Citigroup

AB SKF (publ) (OTCMKTS:SKFRY) was upgraded by equities research analysts at Citigroup to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

AB SKF (publ) Trading Down 0.1 %

SKFRY opened at $19.02 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36. AB SKF has a fifty-two week low of $15.39 and a fifty-two week high of $22.95. The firm has a market capitalization of $8.66 billion, a PE ratio of 14.63, a P/E/G ratio of 1.17 and a beta of 1.23. The company’s 50-day moving average is $18.70 and its 200 day moving average is $19.93.

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