AB SKF Expected to Earn FY2018 Earnings of $1.63 Per Share (SKFRY)

Resource from: https://xnewspress.com/2018/08/23/ab-skf-expected-to-earn-fy2018-earnings-of-1-63-per-share-skfry.html Likes:149

Aug 24,2018

AB SKF (OTCMKTS:SKFRY) – Equities researchers at Jefferies Financial Group issued their FY2018 earnings estimates for shares of AB SKF in a note issued to investors on Tuesday, August 21st. Jefferies Financial Group analyst G. Phillips anticipates that the industrial products company will post earnings of $1.63 per share for the year. Jefferies Financial Group also issued estimates for AB SKF’s FY2019 earnings at $1.79 EPS and FY2020 earnings at $1.91 EPS.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Thursday, July 19th. The industrial products company reported $0.49 EPS for the quarter. AB SKF had a return on equity of 21.55% and a net margin of 8.07%. The company had revenue of $2.61 billion during the quarter.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded AB SKF from a “sell” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Wednesday, August 1st. ValuEngine upgraded AB SKF from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $23.00.

Shares of SKFRY stock opened at $19.36 on Thursday. AB SKF has a 52 week low of $17.83 and a 52 week high of $25.34. The firm has a market capitalization of $8.68 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 1.53 and a beta of 0.56. The company has a quick ratio of 1.31, a current ratio of 2.17 and a debt-to-equity ratio of 0.49.

About AB SKF

AB SKF (publ) offers bearings, seals, mechatronics, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems, screws, and linear guides and tables; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and steering and suspension products, as well as tools and lubricants.

(https://xnewspress.com/2018/08/23/ab-skf-expected-to-earn-fy2018-earnings-of-1-63-per-share-skfry.html)

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