OTCMKTS:SKFRY AB SKF (publ) (SKFRY) Stock Forecast, Price & News $17.58 +0.01 (+0.06%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$17.57▼$17.6250-Day Range$15.89▼$19.8052-Week Range$12.57▼$20.76Volume8,637 shsAverage Volume15,511 shsMarket Capitalization$8.01 billionP/E Ratio18.31Dividend Yield3.24%Price Target$124.33 ProfileProfileAnalyst RatingsChartCompetitorsEarningsHeadlinesShort InterestProfileAnalyst RatingsChartCompetitorsEarningsHeadlinesShort Interest AB SKF (publ) MarketRank™ ForecastAnalyst RatingHold1.64 Rating ScoreUpside/Downside715.3% Upside$143.33 Price TargetShort InterestHealthy0.00% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth4.08%From $1.47 to $1.53 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.08 out of 5 stars 2.8 Analyst's Opinion Consensus RatingAB SKF (publ) has received a consensus rating of Hold. The company's average rating score is 1.64, and is based on 2 buy ratings, 3 hold ratings, and 6 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $143.33, AB SKF (publ) has a forecasted upside of 715.3% from its current price of $17.58.Amount of Analyst CoverageAB SKF (publ) has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.00% of the outstanding shares of AB SKF (publ) have been sold short.Short Interest Ratio / Days to CoverAB SKF (publ) has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in AB SKF (publ) has recently increased by 137.50%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldAB SKF (publ) pays a meaningful dividend of 3.23%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAB SKF (publ) does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of AB SKF (publ) is 59.38%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, AB SKF (publ) will have a dividend payout ratio of 37.25% next year. This indicates that AB SKF (publ) will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SKFRY. Previous Next 2.3 News and Social Media Coverage News SentimentAB SKF (publ) has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 1 news article for AB SKF (publ) this week, compared to 1 article on an average week. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, AB SKF (publ) insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 0.02% of the stock of AB SKF (publ) is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for AB SKF (publ) are expected to grow by 4.08% in the coming year, from $1.47 to $1.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of AB SKF (publ) is 18.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.03.Price to Earnings Ratio vs. SectorThe P/E ratio of AB SKF (publ) is 18.31, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.23.Price to Book Value per Share RatioAB SKF (publ) has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About AB SKF (publ) (OTCMKTS:SKFRY) StockSKF 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. The Automotive segment provides a range of products, solutions, and services to manufacturers of cars, light trucks, heavy trucks, trailers, buses, two-wheelers, and the vehicle aftermarket. The company offers bearings, seals, lubrication management, condition monitoring, and maintenance services. Its products are used in other variety of rotating applications, such as wind and ocean power, to heavy industries like mining, metal, and pulp and paper; and commercial vehicles such as bicycles, skateboards; and household appliances. SKF was founded by Sven Wingquist on February 16, 1907 and is headquartered in Gothenburg, Sweden.Read More Receive SKFRY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AB SKF (publ) and its competitors with MarketBeat's FREE daily newsletter. Email Address SKFRY Stock News HeadlinesJune 9, 2023 | finance.yahoo.comSKF to phase out its own fossil gas use with a SEK 3 billion decarbonization investment frameJune 2, 2023 | americanbankingnews.comAnalysts Set AB SKF (publ) (OTCMKTS:SKFRY) Target Price at $137.00June 10, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>June 1, 2023 | finance.yahoo.comSKF establishes global Product Category Rules for bearings to quantify environmental impactMay 31, 2023 | reuters.comSweden's SKF to close Luton plant, hitting 300 jobsMay 31, 2023 | finance.yahoo.comSKF consolidates manufacturing in Europe, proposes to close factory in LutonMay 25, 2023 | finance.yahoo.comSKF announces changes to Group Management to further strengthen its commercial focusMay 22, 2023 | msn.comSKF to park money in magnetic bearing manufacturingJune 10, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 22, 2023 | finance.yahoo.comSKF invests in magnetic bearing manufacturing to meet increasing demandMay 18, 2023 | americanbankingnews.comAB SKF (publ) (OTCMKTS:SKFRY) Shares Pass Below 50 Day Moving Average of $18.56May 17, 2023 | finance.yahoo.comSKFRY vs. ESAB: Which Stock Is the Better Value Option?May 17, 2023 | finance.yahoo.comSKF and Wolong cooperate to increase competitiveness in electric drive productsMay 8, 2023 | americanbankingnews.comAB SKF (publ) (OTCMKTS:SKFRY) Receives $137.00 Consensus Target Price from AnalystsApril 28, 2023 | finance.yahoo.comAB SKF (SKFRY) May Find a Bottom Soon, Here's Why You Should Buy the Stock NowApril 26, 2023 | msn.comEarnings Outlook For SKFApril 26, 2023 | finance.yahoo.comSKF joins forces with CAKE to implement bearings with lowest possible carbon emissionsApril 19, 2023 | seekingalpha.comSKFRY AB SKF (publ)April 15, 2023 | americanbankingnews.comAB SKF (publ) (OTCMKTS:SKFRY) Upgraded to "Buy" at Deutsche Bank AktiengesellschaftApril 14, 2023 | finance.yahoo.comSKF first quarter results to be published on 27 AprilApril 13, 2023 | msn.comAB SKF (SKFRY) Is Attractively Priced Despite Fast-paced MomentumApril 13, 2023 | americanbankingnews.comBrokerages Set AB SKF (publ) (OTCMKTS:SKFRY) Target Price at $153.00April 12, 2023 | finance.yahoo.comSKF extends involvement in Gothia Cup, which this year attracts a record number of teamsApril 7, 2023 | finance.yahoo.comHere's Why AB SKF (SKFRY) Is a Great 'Buy the Bottom' Stock NowMarch 1, 2023 | finance.yahoo.comSKF Annual Report 2022 published online; major milestone reached for own renewable energy useFebruary 15, 2023 | prnewswire.comBearings market size set to increase by USD 13,022.13 million from 2022 to 2027: Growth opportunities led by AB SKF, ASAHI SEIKO Co. Ltd., and Bharat Forge Ltd. - TechnavioDecember 15, 2022 | finance.yahoo.comSKF awarded top sustainability ratingsSee More Headlines SKFRY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SKFRY Company Calendar Last Earnings4/27/2023Today6/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeOTCMKTS Industry Ball & roller bearings Sub-IndustryN/A SectorIndustrial Products Current SymbolOTCMKTS:SKFRY CUSIPN/A CIKN/A Webwww.skf.com Phone(631) 337-1000Fax46-3-133-728-32Employees47,724Year FoundedN/APrice Target and Rating Average Stock Price Forecast$143.33 High Stock Price Forecast$175.00 Low Stock Price Forecast$115.00 Forecasted Upside/Downside+607.2%Consensus RatingHold Rating Score (0-4)1.64 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$0.96 Trailing P/E Ratio18.31 Forward P/E Ratio11.96 P/E GrowthN/ANet Income$442.88 million Net Margins4.50% Pretax Margin7.52% Return on Equity11.23% Return on Assets5.41% Debt Debt-to-Equity Ratio0.35 Current Ratio2.45 Quick Ratio1.38 Sales & Book Value Annual Sales$9.61 billion Price / Sales0.83 Cash Flow$2.39 per share Price / Cash Flow7.35 Book Value$12.57 per share Price / Book1.40Miscellaneous Outstanding Shares455,350,000Free FloatN/AMarket Cap$8.01 billion OptionableNot Optionable Beta1.31 Key ExecutivesRickard GustafsonPresident, Chief Executive Officer & DirectorJoakim LandholmSenior Vice President-OperationsNiclas RosenlewChief Financial Officer & Senior Vice PresidentAnnika ÖlmeChief Technology OfficerAndrew BellChief Technology Officer & Senior Vice PresidentKey CompetitorsRBC BearingsNYSE:RBCTimkenNYSE:TKRAptarGroupNYSE:ATRMiddlebyNASDAQ:MIDDBerry Global GroupNYSE:BERYView All Competitors SKFRY Stock - Frequently Asked Questions Should I buy or sell AB SKF (publ) stock right now? 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AB SKF (publ) in the last twelve months. There are currently 6 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SKFRY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKFRY, but not buy additional shares or sell existing shares. View SKFRY analyst ratings or view top-rated stocks. What is AB SKF (publ)'s stock price forecast for 2023? 11 analysts have issued 1-year price targets for AB SKF (publ)'s shares. Their SKFRY share price forecasts range from $115.00 to $175.00. On average, they predict the company's stock price to reach $143.33 in the next twelve months. This suggests a possible upside of 715.3% from the stock's current price. View analysts price targets for SKFRY or view top-rated stocks among Wall Street analysts. How have SKFRY shares performed in 2023? AB SKF (publ)'s stock was trading at $15.2550 at the start of the year. Since then, SKFRY shares have increased by 15.2% and is now trading at $17.58. View the best growth stocks for 2023 here. Are investors shorting AB SKF (publ)? AB SKF (publ) saw a increase in short interest in May. As of May 15th, there was short interest totaling 9,500 shares, an increase of 137.5% from the April 30th total of 4,000 shares. Based on an average trading volume of 14,700 shares, the short-interest ratio is presently 0.6 days. View AB SKF (publ)'s Short Interest. How were AB SKF (publ)'s earnings last quarter? AB SKF (publ) (OTCMKTS:SKFRY) announced its earnings results on Thursday, April, 27th. The industrial products company reported $0.46 earnings per share for the quarter. The industrial products company earned $2.54 billion during the quarter. AB SKF (publ) had a trailing twelve-month return on equity of 11.23% and a net margin of 4.50%. Is AB SKF (publ) a good dividend stock? AB SKF (publ) (OTCMKTS:SKFRY) pays an annual dividend of $0.57 per share and currently has a dividend yield of 3.34%. The dividend payout ratio is 59.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SKFRY will have a dividend payout ratio of 37.25% next year. This indicates that the company will be able to sustain or increase its dividend. What is AB SKF (publ)'s stock symbol? AB SKF (publ) trades on the OTCMKTS under the ticker symbol "SKFRY." How do I buy shares of AB SKF (publ)? Shares of SKFRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is AB SKF (publ)'s stock price today? One share of SKFRY stock can currently be purchased for approximately $17.58. How much money does AB SKF (publ) make? AB SKF (publ) (OTCMKTS:SKFRY) has a market capitalization of $8.01 billion and generates $9.61 billion in revenue each year. The industrial products company earns $442.88 million in net income (profit) each year or $0.96 on an earnings per share basis. How many employees does AB SKF (publ) have? The company employs 47,724 workers across the globe. How can I contact AB SKF (publ)? AB SKF (publ)'s mailing address is SE-415 50 HORNSGATEN 1, GOTHENBURG V7, 415 50. The official website for the company is www.skf.com. The industrial products company can be reached via phone at (631) 337-1000, via email at patrik.stenberg@skf.com, or via fax at 46-3-133-728-32. This page (OTCMKTS:SKFRY) was last updated on 6/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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