According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “
A number of other analysts also recently weighed in on the stock. Societe Generale reaffirmed a sell rating on shares of AB SKF (publ) in a research report on Thursday, October 28th. Morgan Stanley reaffirmed an overweight rating on shares of AB SKF (publ) in a research report on Wednesday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating on shares of AB SKF (publ) in a research report on Wednesday, September 29th. DNB Markets downgraded shares of AB SKF (publ) from a buy rating to a hold rating in a research report on Wednesday, October 27th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of AB SKF (publ) in a research report on Wednesday, October 27th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, AB SKF (publ) currently has a consensus rating of Hold and a consensus price target of $100.05.
AB SKF (publ) (OTCMKTS:SKFRY) last issued its quarterly earnings data on Monday, October 25th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. The business had revenue of $2.33 billion for the quarter. AB SKF (publ) had a net margin of 8.91% and a return on equity of 20.31%. On average, analysts expect that AB SKF will post 1.79 EPS for the current fiscal year.
AB SKF (publ) Company Profile
SKF AB engages in the manufacture of machine and rotating equipment. It operates through the Industrial and Automotive segments. The Industrial segment comprises of Industrial Sales Americas, Industrial Sales Europe and Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace.
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