AB SKF (OTCMKTS:SKFRY – Get Free Report) released its earnings results on Wednesday. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05, Zacks reports. AB SKF had a return on equity of 13.27% and a net margin of 5.05%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $2.35 billion.
AB SKF Stock Down 1.2%
SKFRY stock opened at $27.34 on Thursday. AB SKF has a 52 week low of $22.26 and a 52 week high of $29.42. The business has a 50-day simple moving average of $27.69 and a 200 day simple moving average of $26.60. The company has a quick ratio of 1.30, a current ratio of 2.19 and a debt-to-equity ratio of 0.31. The company has a market cap of $12.45 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19.
AB SKF Company Profile
AB SKF is a Sweden-based industrial technology company that develops and supplies products and services for rotating equipment. Its portfolio includes bearings, seals, lubrication systems, and condition-monitoring technologies designed to improve the reliability, efficiency, and service life of machinery.
SKF serves customers across industries such as automotive, aerospace, energy, rail, industrial manufacturing, and heavy equipment. In addition to component manufacturing, the company provides engineering expertise, maintenance services, remanufacturing, and digital solutions that help customers monitor equipment performance and manage rotating assets.
Founded in Gothenburg, Sweden, in 1907, SKF has grown into an international group serving customers through operations and distribution networks across Europe, the Americas, Asia, and other global markets.
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