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

AB SKF (publ) (OTCMKTS:SKFRY) posted its quarterly earnings data on Friday. The industrial products company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11, Zacks reports. AB SKF (publ) had a net margin of 5.69% and a return on equity of 13.93%.

AB SKF (publ) Stock Performance

Shares of OTCMKTS SKFRY traded up $0.21 during midday trading on Friday, reaching $20.86. 4,515 shares of the company traded hands, compared to its average volume of 19,405. The stock has a 50-day moving average price of $19.45 and a 200 day moving average price of $19.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.01 and a quick ratio of 1.14. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.37 and a beta of 1.20. AB SKF has a 52 week low of $17.15 and a 52 week high of $22.95.

Wall Street Analyst Weigh In

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

About AB SKF (publ)

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.