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

Sandvik AB (publ) (OTCMKTS:SDVKY) released its earnings results on Thursday. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, meeting 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) Stock Performance

SDVKY opened at $19.14 on Thursday. The stock has a market cap of $24.01 billion, a PE ratio of 20.58, a P/E/G ratio of 2.72 and a beta of 1.46. Sandvik AB has a 1 year low of $17.76 and a 1 year high of $23.50. The stock’s 50 day simple moving average is $18.51 and its 200-day simple moving average is $19.70. The company has a current ratio of 1.63, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Analysts Set New Price Targets

SDVKY has been the subject of a number of research reports. UBS Group cut Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 23rd. Citigroup raised shares of 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. Finally, Sanford C. Bernstein raised shares of Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sandvik AB (publ) presently has a consensus rating of “Moderate Buy”.

Sandvik AB (publ) Company Profile

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.