Sandvik (OTCMKTS:SDVKY) Issues Quarterly Earnings Results

by · The Markets Daily

Sandvik (OTCMKTS:SDVKY – Get Free Report) announced its earnings results 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%.

Sandvik Price Performance

Shares of SDVKY stock opened at $35.87 on Thursday. Sandvik has a 1 year low of $28.71 and a 1 year high of $44.53. The company has a current ratio of 1.64, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $38.19 and its 200-day moving average is $39.42. The firm has a market capitalization of $44.99 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 0.86 and a beta of 1.51.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SDVKY. Berenberg Bank raised Sandvik to a “hold” rating in a research report on Thursday, August 27th. Kepler Capital Markets lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Citigroup reissued a “neutral” rating on shares of Sandvik in a research report on Tuesday, September 29th. Morgan Stanley raised Sandvik to an “overweight” rating in a report on Monday. Finally, BNP Paribas Exane lowered shares of Sandvik to a “neutral” rating in a research report on Thursday, October 1st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sandvik has an average rating of “Hold”.

Read Our Latest Stock Analysis on SDVKY

Sandvik Company Profile

(Get Free Report)

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.

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