Sandvik (OTCMKTS:SDVKY) Releases Earnings Results, Beats Estimates By $0.02 EPS

Sandvik (OTCMKTS:SDVKY) released its quarterly earnings data on Thursday. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02, Zacks reports. Sandvik had a return on equity of 18.45% and a net margin of 13.05%. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.70 billion.

Sandvik Stock Down 4.7%

SDVKY stock opened at $34.17 on Friday. Sandvik has a fifty-two week low of $28.71 and a fifty-two week high of $44.53. The business’s 50-day moving average is $38.12 and its two-hundred day moving average is $39.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.64. The company has a market cap of $42.86 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 0.87 and a beta of 1.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Berenberg Bank raised Sandvik to a “hold” rating in a research report on Thursday, August 27th. Nordea Equity Research raised shares of Sandvik from a “hold” rating to a “buy” rating in a report on Friday. Kepler Capital Markets downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. BNP Paribas Exane lowered shares of Sandvik to a “neutral” rating in a research note on Thursday, October 1st. Finally, Citigroup reissued a “neutral” rating on shares of Sandvik in a report on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Sandvik Company Profile

Sandvik AB is a Sweden-based global engineering group that develops and manufactures equipment, tools and digital solutions for the mining, construction and manufacturing industries. Founded in 1862, the company has evolved from a steel producer into a specialized industrial technology business headquartered in Stockholm, Sweden.

Its Mining and Rock Solutions business provides underground and surface mining equipment, rock tools, drilling systems, automation technologies and related services.