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

Sandvik AB (publ) (OTCMKTS:SDVKY) announced its quarterly earnings data on Monday. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02), Yahoo Finance reports. The firm 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) Stock Performance

SDVKY stock opened at $20.21 on Tuesday. The company has a 50-day simple moving average of $20.80 and a 200 day simple moving average of $20.86. The company has a market capitalization of $25.35 billion, a P/E ratio of 20.84, a PEG ratio of 3.00 and a beta of 1.49. 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 fifty-two week low of $16.31 and a fifty-two week high of $23.50.

Analyst Ratings Changes

Several research analysts have recently commented on SDVKY shares. Barclays raised shares of 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.

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.