Schaeffler Ag (SCFLF) Forecasted to Earn FY2020 Earnings of $2.30 Per Share

Schaeffler Ag (OTCMKTS:SCFLF) – Equities research analysts at Jefferies Group boosted their FY2020 earnings per share estimates for shares of Schaeffler in a report issued on Monday. Jefferies Group analyst A. Kurian now expects that the company will post earnings of $2.30 per share for the year, up from their prior estimate of $2.28.

Separately, Zacks Investment Research cut Schaeffler from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th.

Shares of Schaeffler (SCFLF) traded down $0.04 on Wednesday, hitting $16.20. The stock had a trading volume of 400 shares, compared to its average volume of 19,200. Schaeffler has a 12-month low of $15.85 and a 12-month high of $20.25.

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Schaeffler Company Profile

Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries in Germany and internationally. Its Automotive segment offers components and systems for engines, such as rolling bearing solutions, products for belt and chain drives, valve train components, and systems for variable valve trains; transmissions, including torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, bearing solutions, and synchronizing and gearshift components; and chassis components comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems.

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