AB SKF (OTCMKTS:SKFRY) announced its earnings results on Tuesday, January 29th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16, MarketWatch Earnings reports. The firm had revenue of $2.34 billion during the quarter. AB SKF had a return on equity of 21.25% and a net margin of 8.49%.
Shares of OTCMKTS SKFRY traded down $0.19 during midday trading on Thursday, reaching $17.04. 23,543 shares of the company’s stock were exchanged, compared to its average volume of 28,914. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 2.25. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 2.36 and a beta of 0.83. AB SKF has a 52-week low of $13.78 and a 52-week high of $21.89.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut AB SKF from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. ValuEngine upgraded AB SKF from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 18th. JPMorgan Chase & Co. cut AB SKF from a “neutral” rating to an “underweight” rating in a report on Monday, December 3rd. Jefferies Financial Group lowered AB SKF from a “hold” rating to an “underperform” rating in a research report on Thursday, January 31st. Finally, Barclays reissued a “sell” rating on shares of AB SKF in a research report on Sunday, December 9th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Sell” and an average target price of $22.00.
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AB SKF Company Profile
AB SKF (publ) offers bearings, seals, mechatronics, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems, screws, and linear guides and tables; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and steering and suspension products, as well as tools and lubricants.
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