AB SKF (publ) Forecasted to Earn FY2022 Earnings of $1.39 Per Share (OTCMKTS:SKFRY)

AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) – Stock analysts at Jefferies Financial Group issued their FY2022 EPS estimates for AB SKF (publ) in a research note issued on Monday, January 16th. Jefferies Financial Group analyst R. Maidi forecasts that the industrial products company will earn $1.39 per share for the year. Jefferies Financial Group has a “Underperform” rating and a $123.00 price objective on the stock. The consensus estimate for AB SKF (publ)’s current full-year earnings is $1.21 per share. Jefferies Financial Group also issued estimates for AB SKF (publ)’s Q4 2022 earnings at $0.31 EPS, FY2023 earnings at $1.26 EPS, FY2024 earnings at $1.38 EPS and FY2025 earnings at $1.52 EPS.

A number of other research analysts also recently issued reports on the stock. Nordea Equity Research downgraded shares of AB SKF (publ) from a “hold” rating to a “sell” rating in a research note on Wednesday, December 14th. Danske lowered AB SKF (publ) from a “buy” rating to a “hold” rating in a report on Friday, December 9th. UBS Group cut AB SKF (publ) from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 13th. Deutsche Bank Aktiengesellschaft decreased their target price on AB SKF (publ) from SEK 175 to SEK 165 and set a “hold” rating for the company in a research note on Thursday, November 10th. Finally, Morgan Stanley downgraded shares of AB SKF (publ) from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, December 7th. Six investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, AB SKF (publ) presently has an average rating of “Hold” and a consensus price target of $173.33.

AB SKF (publ) Price Performance

Shares of OTCMKTS SKFRY opened at $17.33 on Thursday. The stock’s 50-day moving average is $16.44 and its two-hundred day moving average is $15.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.22 and a quick ratio of 1.29. AB SKF has a 1-year low of $12.57 and a 1-year high of $24.28. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 2.44 and a beta of 1.33.

AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.08). AB SKF (publ) had a net margin of 5.83% and a return on equity of 12.27%. The business had revenue of $2.37 billion during the quarter.

AB SKF (publ) Company Profile

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AB SKF (publ) engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, vehicle aftermarket, and waste electric and electronic equipment products.