Sandvik AB (publ) (OTCMKTS:SDVKY) Posts Earnings Results, Hits Expectations

Sandvik AB (publ) (OTCMKTS:SDVKY) announced 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

Shares of SDVKY opened at $19.14 on Thursday. The stock has a 50-day simple moving average of $18.51 and a 200-day simple moving average of $19.70. The stock has a market capitalization of $24.01 billion, a PE ratio of 20.58, a PEG 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 company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63.

Analyst Ratings Changes

A number of brokerages have commented on SDVKY. Sanford C. Bernstein raised Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a report on Monday, January 6th. UBS Group lowered Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. Barclays upgraded shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Citigroup upgraded shares of Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Sandvik AB (publ) has an average 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.