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

Sandvik AB (publ) (OTCMKTS:SDVKY) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01), Zacks reports. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $30.25 billion. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%.

Sandvik AB (publ) Stock Up 1.5 %

SDVKY stock opened at $19.55 on Friday. The business’s 50-day simple moving average is $21.39 and its 200 day simple moving average is $20.11. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. The company has a market cap of $24.52 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.00 and a beta of 1.48. Sandvik AB has a twelve month low of $16.94 and a twelve month high of $23.47.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock 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.