Sandvik AB (publ) (OTCMKTS:SDVKY) Posts Quarterly Earnings Results, Hits Estimates

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) issued its quarterly earnings results on Thursday. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.30, Zacks reports. Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%.

Sandvik AB (publ) Price Performance

Shares of OTCMKTS SDVKY traded down $0.29 during mid-day trading on Thursday, reaching $19.14. The company's stock had a trading volume of 250,121 shares, compared to its average volume of 109,048. The stock has a 50-day moving average of $18.51 and a two-hundred day moving average of $19.70. The stock has a market capitalization of $24.01 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.72 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63. Sandvik AB has a 1-year low of $17.76 and a 1-year high of $23.50.

Analysts Set New Price Targets

SDVKY has been the topic of several recent research reports. Sanford C. Bernstein raised shares of Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a report on Monday, January 6th. Citigroup raised shares of Sandvik AB (publ) to a "strong-buy" rating in a report on Tuesday, October 15th. UBS Group downgraded shares of Sandvik AB (publ) from a "neutral" rating to a "sell" rating in a report on Wednesday, October 23rd. Finally, Barclays raised shares of Sandvik AB (publ) from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Sandvik AB (publ) has an average rating of "Moderate Buy".

About Sandvik AB (publ)

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.