AB SKF (OTCMKTS:SKFRY) Posts Earnings Results, Beats Expectations By $0.05 EPS

by · The Cerbat Gem

AB SKF (OTCMKTS:SKFRY – Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05, Zacks reports. AB SKF had a net margin of 5.66% and a return on equity of 12.96%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $2.35 billion.

AB SKF Stock Down 3.5%

AB SKF stock opened at $26.38 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. AB SKF has a 1-year low of $22.26 and a 1-year high of $29.42. The company has a fifty day simple moving average of $27.67 and a 200 day simple moving average of $26.61. The company has a market cap of $12.01 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.58 and a beta of 1.19.

AB SKF Company Profile

(Get Free Report)

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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