AB SKF (OTCMKTS:SKFRY) Lifted to “Hold” at Zacks Investment Research
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 equities analysts have also commented on the stock. Deutsche Bank set a €167.00 ($194.19) price target on shares of Linde and gave the stock a buy rating in a report on Thursday, April 4th. BNP Paribas lowered shares of Rio Tinto from a neutral rating to an underperform rating in a report on Wednesday, April 10th. ValuEngine raised shares of Zuora from a hold rating to a buy rating in a report on Saturday, July 6th. Finally, Bank of America raised shares of Atlas Copco from a neutral rating to a buy rating in a report on Friday, July 5th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the company. AB SKF presently has a consensus rating of Sell and a consensus target price of $19.00.
AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.33 billion. AB SKF had a return on equity of 18.82% and a net margin of 7.96%. As a group, research analysts forecast that AB SKF will post 1.38 earnings per share for the current fiscal year.
AB SKF Company Profile
AB SKF (publ) offers bearings, seals, 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; lubricants; actuation systems, ball and roller screws, linear guides and tables, and engineering tools; 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 suspension products.
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