AB SKF (OTCMKTS:SKFRY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $27.26, but opened at $25.65. AB SKF shares last traded at $25.49, with a volume of 797 shares.
Analysts Set New Price Targets
SKFRY has been the subject of a number of recent research reports. Zacks Research upgraded AB SKF from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Royal Bank Of Canada cut AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on AB SKF
AB SKF Stock Down 1.9%
AB SKF (OTCMKTS:SKFRY – Get Free Report) last released its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.14. AB SKF had a return on equity of 13.48% and a net margin of 5.05%.The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Equities research analysts predict that AB SKF will post 1.8 earnings per share for the current 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.
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