AB SKF (OTCMKTS:SKFRY) Receives Consensus Rating of “Reduce” from Analysts

AB SKF (OTCMKTS:SKFRY) has received a consensus rating of “Reduce” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company.

A number of analysts recently weighed in on SKFRY shares. The Goldman Sachs Group lowered shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. Zacks Research downgraded AB SKF from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Jefferies Financial Group lowered AB SKF from a “hold” rating to a “moderate sell” rating in a research note on Sunday, January 25th. Finally, Rothschild & Co Redburn lowered AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st.

AB SKF Stock Down 3.2%

SKFRY stock opened at $24.52 on Friday. The stock has a 50-day simple moving average of $27.51 and a two-hundred day simple moving average of $26.38. AB SKF has a twelve month low of $15.86 and a twelve month high of $29.41. The firm has a market capitalization of $11.17 billion, a PE ratio of 28.51, a PEG ratio of 1.68 and a beta of 1.13. The company has a quick ratio of 1.19, a current ratio of 2.11 and a debt-to-equity ratio of 0.25.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Friday, January 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). AB SKF had a return on equity of 14.27% and a net margin of 4.20%.The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.41 billion. On average, equities analysts predict that AB SKF will post 1.51 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.