AB SKF (SKFRY) Expected to Announce Earnings on Friday

AB SKF (OTCMKTS:SKFRY) will likely be announcing 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate 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 Price Performance

Shares of OTCMKTS:SKFRY opened at $28.75 on Wednesday. The firm has a 50 day moving average of $26.66 and a 200-day moving average of $25.67. AB SKF has a 12 month low of $15.86 and a 12 month high of $28.75. The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $13.09 billion, a PE ratio of 27.64, a PEG ratio of 2.89 and a beta of 1.13.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SKFRY shares. The Goldman Sachs Group cut shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. Zacks Research cut AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Jefferies Financial Group downgraded AB SKF from a “hold” rating to a “moderate sell” rating in a research report on Sunday. BNP Paribas Exane upgraded AB SKF to a “hold” rating in a research report on Tuesday, December 9th. Finally, Rothschild Redb cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.