Schaeffler AG (OTCMKTS:SCFLF) – Analysts at Jefferies Financial Group lowered their FY2019 earnings estimates for Schaeffler in a research report issued to clients and investors on Tuesday, December 4th. Jefferies Financial Group analyst A. Kurian now expects that the company will earn $1.71 per share for the year, down from their previous forecast of $1.86. Jefferies Financial Group also issued estimates for Schaeffler’s FY2020 earnings at $1.79 EPS.
A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded Schaeffler from a “neutral” rating to an “underweight” rating in a report on Wednesday, October 31st. Zacks Investment Research upgraded Schaeffler from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th.
Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries worldwide. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, and synchronizing and gearshift components.
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