Sandvik AB (publ) (SDVKY) Projected to Post Quarterly Earnings on Thursday

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) is anticipated to announce its earnings results on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.30 per share and revenue of $2,900,310.00 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last issued its earnings results on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. The business had revenue of $2.91 billion for the quarter. On average, analysts expect Sandvik AB (publ) to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sandvik AB (publ) Price Performance

Shares of Sandvik AB (publ) stock traded up $0.04 during trading on Thursday, hitting $18.55. 73,700 shares of the company's stock traded hands, compared to its average volume of 148,440. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 0.85. The firm's fifty day moving average price is $18.54 and its 200 day moving average price is $19.75. Sandvik AB has a twelve month low of $17.76 and a twelve month high of $23.50. The company has a market cap of $23.27 billion, a PE ratio of 19.95, a PEG ratio of 2.55 and a beta of 1.46.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group lowered shares of Sandvik AB (publ) from a "neutral" rating to a "sell" rating in a research report on Wednesday, October 23rd. Barclays upgraded shares of Sandvik AB (publ) from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Citigroup upgraded shares of Sandvik AB (publ) to a "strong-buy" rating in a research report on Tuesday, October 15th. Finally, Sanford C. Bernstein upgraded shares of Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.