Sandvik (OTCMKTS:SDVKY) Posts Quarterly Earnings Results, Meets Expectations

Sandvik (OTCMKTS:SDVKY) posted its earnings results on Tuesday. The industrial products company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36, Zacks reports. Sandvik had a net margin of 12.24% and a return on equity of 16.30%.

Sandvik Price Performance

SDVKY opened at $37.91 on Tuesday. The company has a fifty day moving average price of $32.49 and a two-hundred day moving average price of $29.00. The firm has a market capitalization of $47.55 billion, a PE ratio of 32.40, a P/E/G ratio of 1.31 and a beta of 1.50. Sandvik has a 52 week low of $16.94 and a 52 week high of $38.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.90 and a current ratio of 1.78.

Analyst Ratings Changes

SDVKY has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Royal Bank Of Canada restated an “outperform” rating on shares of Sandvik in a report on Wednesday, October 22nd. Zacks Research raised Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Barclays reissued an “overweight” rating on shares of Sandvik in a report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research note on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sandvik presently has an average rating of “Buy”.

About Sandvik

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.