AB SKF Expected to Earn FY2018 Earnings of $1.63 Per Share (SKFRY)
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AB SKF (OTCMKTS:SKFRY) ¨C 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.
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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.<br />
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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.
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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.
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About AB SKF
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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.<br />
24 Aug,2018
