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

Sandvik AB (publ) (OTCMKTS:SDVKY) released its quarterly earnings results on Thursday. The industrial products company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates 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) Trading Up 9.5 %

Shares of SDVKY stock opened at $20.96 on Friday. 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 firm has a market cap of $26.29 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 2.68 and a beta of 1.46. The business has a 50-day moving average price of $18.51 and a two-hundred day moving average price of $19.70. Sandvik AB has a 12-month low of $17.76 and a 12-month high of $23.50.

Analyst Upgrades and Downgrades

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