Sandvik (OTCMKTS:SDVKY) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Sandvik (OTCMKTS:SDVKY) posted its quarterly earnings data on Friday. The industrial products company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03, Zacks reports. Sandvik had a net margin of 12.16% and a return on equity of 16.92%.

Sandvik Price Performance

OTCMKTS SDVKY opened at $38.46 on Friday. The business has a 50 day simple moving average of $40.26 and a 200 day simple moving average of $39.81. Sandvik has a 52-week low of $23.96 and a 52-week high of $44.53. The stock has a market cap of $48.24 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.14 and a beta of 1.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.96.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SDVKY. Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a report on Thursday, June 18th. Citigroup cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Nordea Equity Research raised Sandvik to a “hold” rating in a research report on Wednesday, April 15th. Finally, Kepler Capital Markets downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sandvik Company Profile

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.