Sandvik (OTCMKTS:SDVKY – Get Free Report) posted its earnings results on Thursday. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping 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 Stock Down 4.6%
Sandvik stock traded down $1.66 during midday trading on Thursday, reaching $34.21. The stock had a trading volume of 3,968 shares, compared to its average volume of 136,945. The stock has a market capitalization of $42.91 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51. The firm’s fifty day simple moving average is $38.19 and its 200-day simple moving average is $39.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.64. Sandvik has a 1-year low of $28.71 and a 1-year high of $44.53.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on SDVKY shares. Morgan Stanley upgraded shares of Sandvik to an “overweight” rating in a report on Monday. Citigroup reissued a “neutral” rating on shares of Sandvik in a report on Tuesday, September 29th. Berenberg Bank upgraded shares of Sandvik to a “hold” rating in a research report on Thursday, August 27th. BNP Paribas Exane downgraded Sandvik to a “neutral” rating in a research note on Thursday, October 1st. Finally, Kepler Capital Markets lowered Sandvik from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on SDVKY
About Sandvik
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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