Sandvik (OTCMKTS:SDVKY) Announces Quarterly Earnings Results

Sandvik (OTCMKTS:SDVKY) issued its quarterly earnings data on Friday. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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

Sandvik stock opened at $38.46 on Friday. Sandvik has a 1 year low of $23.96 and a 1 year high of $44.53. The company’s fifty day moving average price is $40.26 and its 200 day moving average price is $39.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.96. The stock has a market capitalization of $48.24 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.14 and a beta of 1.50.

Analyst Ratings Changes

A number of brokerages recently issued reports on SDVKY. Citigroup downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Nordea Equity Research raised shares of Sandvik to a “hold” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research report on Thursday, June 18th. Zacks Research cut Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Sandvik in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sandvik currently has an average 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.