AB SKF (SKFRY) to Release Earnings on Friday

AB SKF (OTCMKTS:SKFRY) is anticipated to issue its resultson Friday, July 17th. Analysts expect the company to post earnings of $0.3961 per share and revenue of $2.4231 billion for the quarter.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. AB SKF had a return on equity of 13.63% and a net margin of 4.23%.The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.44 billion. 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 Stock Performance

AB SKF stock opened at $26.63 on Friday. The company has a market cap of $12.13 billion, a PE ratio of 30.26, a PEG ratio of 2.03 and a beta of 1.18. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. AB SKF has a 1 year low of $22.26 and a 1 year high of $29.41. The company’s 50-day moving average is $25.76 and its two-hundred day moving average is $26.15.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SKFRY. Zacks Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Royal Bank Of Canada cut shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AB SKF has a consensus rating of “Hold”.

AB SKF Company Profile

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.