AB SKF (OTCMKTS:SKFRY) Receives Average Rating of “Hold” from Analysts

AB SKF (OTCMKTS:SKFRY) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.

SKFRY has been the topic of a number of recent research reports. Zacks Research upgraded AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Royal Bank Of Canada downgraded AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th.

AB SKF Trading Down 2.8%

Shares of OTCMKTS:SKFRY opened at $25.24 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 2.09. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 2.02 and a beta of 1.18. AB SKF has a 1-year low of $22.26 and a 1-year high of $29.41. The company has a 50 day moving average price of $25.93 and a 200 day moving average price of $26.15.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.14. AB SKF had a return on equity of 13.48% and a net margin of 5.05%.The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. On average, research analysts anticipate that AB SKF will post 1.8 EPS for the current fiscal year.

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.