Sandvik (SDVKY) Projected to Post Quarterly Earnings on Monday

Sandvik (OTCMKTS:SDVKY) is expected to announce its results before the market opens on Monday, October 20th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $29.6940 billion for the quarter.

Sandvik (OTCMKTS:SDVKY) last posted its earnings results on Wednesday, July 16th. The industrial products company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $29.43 billion. Sandvik had a net margin of 11.89% and a return on equity of 16.54%. On average, analysts expect Sandvik to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sandvik Stock Up 0.4%

Shares of OTCMKTS SDVKY opened at $28.91 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $26.76 and its two-hundred day moving average is $23.72. Sandvik has a 52-week low of $16.94 and a 52-week high of $28.96. The firm has a market cap of $36.26 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.45 and a beta of 1.60.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SDVKY shares. Zacks Research raised Sandvik from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Sandvik in a research note on Monday, September 29th. Pareto Securities cut shares of Sandvik from a “buy” rating to a “hold” rating in a report on Sunday, October 5th. Barclays reiterated an “overweight” rating on shares of Sandvik in a report on Monday, September 8th. Finally, Citigroup restated a “buy” rating on shares of Sandvik in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Sandvik

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.