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

AB SKF (publ) logo with Industrial Products background

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) posted its earnings results 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 return on equity of 13.93% and a net margin of 5.69%.

AB SKF (publ) Stock Up 1.0 %

Shares of OTCMKTS SKFRY traded up $0.21 during trading hours on Friday, hitting $20.86. The company had a trading volume of 4,515 shares, compared to its average volume of 19,405. The stock has a market capitalization of $9.50 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 1.37 and a beta of 1.20. AB SKF has a 1-year low of $17.15 and a 1-year high of $22.95. The firm's 50 day moving average is $19.45 and its 200-day moving average is $19.04. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded AB SKF (publ) to a "hold" rating in a report on Friday, October 11th.

Read Our Latest Stock Report on SKFRY

AB SKF (publ) Company Profile

(Get Free Report)

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.

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Earnings History for AB SKF (publ) (OTCMKTS:SKFRY)

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