Sandvik AB (publ) (OTCMKTS:SDVKY) Issues Earnings Results, Misses Expectations By $0.02 EPS

Sandvik AB (publ) (OTCMKTS:SDVKY) released its quarterly earnings data on Monday. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02), Yahoo Finance reports. The firm 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) Trading Down 0.7 %

Shares of SDVKY opened at $20.06 on Wednesday. The stock has a fifty day moving average price of $20.81 and a two-hundred day moving average price of $20.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.58. The company has a market cap of $25.16 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 3.00 and a beta of 1.49. Sandvik AB has a 52-week low of $16.31 and a 52-week high of $23.50.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Citigroup raised Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th.

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.