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Sandvik AB (publ) (OTCMKTS:SDVKY) Posts Earnings Results, Misses Expectations By $0.02 EPS

Sandvik AB (publ) logo with Industrial Products background

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) issued its quarterly earnings data on Monday. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02), Yahoo Finance reports. The company had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a net margin of 10.36% and a return on equity of 16.82%.

Sandvik AB (publ) Price Performance

SDVKY traded down $0.15 during trading on Tuesday, hitting $20.06. The company's stock had a trading volume of 160,284 shares, compared to its average volume of 105,554. The firm's 50 day moving average price is $20.80 and its two-hundred day moving average price is $20.86. The company has a quick ratio of 0.85, a current ratio of 1.58 and a debt-to-equity ratio of 0.45. Sandvik AB has a 12 month low of $16.31 and a 12 month high of $23.50. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 3.00 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays raised Sandvik AB (publ) from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Citigroup raised Sandvik AB (publ) to a "strong-buy" rating in a report on Tuesday, October 15th.

Check Out Our Latest Stock Report on Sandvik AB (publ)

About Sandvik AB (publ)

(Get Free Report)

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.

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Earnings History for Sandvik AB (publ) (OTCMKTS:SDVKY)

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