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

AB SKF (publ) (OTCMKTS:SKFRY) issued its quarterly earnings data on Friday. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate 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) Stock Down 2.8 %

OTCMKTS SKFRY opened at $20.27 on Friday. The stock’s 50-day moving average price is $19.53 and its 200-day moving average price is $19.04. The company has a market capitalization of $9.23 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.20. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.26. AB SKF has a 52 week low of $17.15 and a 52 week high of $22.95.

Analyst Ratings Changes

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

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.