Sandvik AB (publ) (OTCMKTS:SDVKY) Issues Quarterly Earnings Results

Sandvik AB (publ) (OTCMKTS:SDVKY) released its quarterly earnings results on Monday. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02), Yahoo Finance reports. The business had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a net margin of 10.36% and a return on equity of 16.82%.

Sandvik AB (publ) Stock Performance

OTCMKTS SDVKY opened at $19.80 on Thursday. The company’s 50-day simple moving average is $20.81 and its 200 day simple moving average is $20.83. Sandvik AB has a twelve month low of $16.47 and a twelve month high of $23.50. The stock has a market cap of $24.84 billion, a P/E ratio of 20.41, a PEG ratio of 3.00 and a beta of 1.49. The company has a quick ratio of 0.85, a current ratio of 1.58 and a debt-to-equity ratio of 0.45.

Analysts Set New Price Targets

A number of brokerages have weighed in on SDVKY. Citigroup raised Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. UBS Group cut shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday. Finally, Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

About Sandvik AB (publ)

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.