AB SKF (publ) (OTCMKTS:SKFRY) Upgraded to “Hold” by Citigroup

Citigroup upgraded shares of AB SKF (publ) (OTCMKTS:SKFRY) to a hold rating in a research report report published on Friday morning, Zacks.com reports.

AB SKF (publ) Price Performance

Shares of OTCMKTS:SKFRY opened at $19.02 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.36 and a current ratio of 2.36. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23. The business has a 50-day simple moving average of $18.70 and a two-hundred day simple moving average of $19.93. AB SKF has a fifty-two week low of $15.39 and a fifty-two week high of $22.95.

AB SKF (publ) (OTCMKTS:SKFRY) last issued its quarterly earnings data on Thursday, July 18th. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. AB SKF (publ) had a net margin of 5.68% and a return on equity of 14.24%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.44 billion. On average, analysts expect that AB SKF will post 1.54 earnings per share for the current year.

AB SKF (publ) Company Profile

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.