AB SKF (SKFRY) to Release Quarterly Earnings on Friday

AB SKF (OTCMKTS:SKFRY) is projected to post its results before the market opens on Friday, January 30th. Analysts expect AB SKF to post earnings of $0.41 per share and revenue of $2.4058 billion for the quarter.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.29 billion. AB SKF had a net margin of 5.07% and a return on equity of 14.26%. On average, analysts expect AB SKF to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AB SKF Trading Up 3.0%

OTCMKTS:SKFRY opened at $28.05 on Friday. AB SKF has a 52 week low of $15.86 and a 52 week high of $28.05. The firm has a 50-day moving average price of $26.46 and a two-hundred day moving average price of $25.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 2.16. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.78 and a beta of 1.13.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Rothschild Redb lowered AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised AB SKF from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. Zacks Research downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. The Goldman Sachs Group lowered AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday. Finally, BNP Paribas Exane raised shares of AB SKF to a “hold” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AB SKF presently has an average rating of “Hold”.

About AB SKF

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.