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

Sandvik AB (publ) (OTCMKTS:SDVKY) released its quarterly earnings results on Thursday. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30, Zacks reports. Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%.

Sandvik AB (publ) Price Performance

Sandvik AB (publ) stock opened at $20.96 on Friday. The stock has a market cap of $26.29 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 2.68 and a beta of 1.46. Sandvik AB has a 12-month low of $17.76 and a 12-month high of $23.50. The company has a quick ratio of 0.85, a current ratio of 1.63 and a debt-to-equity ratio of 0.45. The business’s 50-day simple moving average is $18.51 and its 200 day simple moving average is $19.70.

Wall Street Analyst Weigh In

Several research analysts recently commented on SDVKY shares. Sanford C. Bernstein upgraded shares of Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a report on Monday, January 6th. Citigroup raised Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. UBS Group downgraded shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. Finally, Barclays upgraded shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Sandvik AB (publ) has an average rating of “Moderate Buy”.

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.