AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04, Zacks reports. AB SKF (publ) had a net margin of 5.69% and a return on equity of 13.98%. The firm had revenue of $2.27 billion during the quarter.
AB SKF (publ) Stock Down 0.9 %
OTCMKTS:SKFRY traded down $0.17 during trading hours on Friday, reaching $18.73. The company's stock had a trading volume of 20,648 shares, compared to its average volume of 21,621. AB SKF has a 12 month low of $16.31 and a 12 month high of $22.95. The stock has a 50 day moving average price of $18.88 and a two-hundred day moving average price of $19.75. The company has a market capitalization of $8.53 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.36 and a current ratio of 2.36.
Analyst Ratings Changes
Separately, Citigroup upgraded AB SKF (publ) to a "hold" rating in a report on Friday, October 11th.
Check Out Our Latest Research Report on SKFRY
AB SKF (publ) Company Profile
(
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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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