AB SKF (OTCMKTS:SKFRY – Get Free Report) is expected to post its results before the market opens on Wednesday, October 21st. Analysts expect the company to post earnings of $0.3545 per share and revenue of $2.35 billion for the quarter.
AB SKF (OTCMKTS:SKFRY – Get Free Report) last released its earnings results on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.39 by $0.14. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. On average, analysts expect AB SKF to post $1.79 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
AB SKF Stock Performance
Shares of OTCMKTS:SKFRY opened at $27.03 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 2.19. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.79 and a beta of 1.19. AB SKF has a 1-year low of $22.26 and a 1-year high of $29.42. The company has a 50 day moving average price of $27.69 and a 200 day moving average price of $26.53.
Wall Street Analyst Weigh In
Separately, Zacks Research raised AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, AB SKF has a consensus rating of “Hold”.
View Our Latest Stock Analysis on SKFRY
AB SKF Company Profile
AB SKF is a Swedish industrial technology company that designs and manufactures products and solutions for rotating equipment. Its offerings include bearings, seals, lubrication systems, condition-monitoring technologies, and related maintenance and engineering services. These products help customers improve equipment reliability, efficiency, and operating performance.
SKF serves a broad range of industries, including automotive, aerospace, energy, industrial manufacturing, mining, rail, and marine.
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