AB SKF (SKFRY) to Release Quarterly Earnings on Friday

AB SKF (OTCMKTS:SKFRY) is expected to announce its results before the market opens on Friday, January 30th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $2.4058 billion for the quarter.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.10. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.29 billion. AB SKF had a net margin of 5.07% and a return on equity of 14.26%. On average, analysts expect AB SKF to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AB SKF Stock Performance

Shares of SKFRY opened at $28.05 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.16 and a quick ratio of 1.20. The stock has a 50-day moving average of $26.46 and a 200-day moving average of $25.52. The company has a market cap of $12.77 billion, a PE ratio of 26.97, a P/E/G ratio of 2.78 and a beta of 1.13. AB SKF has a one year low of $15.86 and a one year high of $28.05.

Analyst Ratings Changes

Several research analysts have issued reports on SKFRY shares. BNP Paribas Exane upgraded AB SKF to a “hold” rating in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft raised AB SKF from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group downgraded shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday. Rothschild Redb lowered shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Research downgraded shares of AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About AB SKF

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.