Sandvik (OTCMKTS:SDVKY) Releases Earnings Results, Beats Expectations By $0.04 EPS

Sandvik (OTCMKTS:SDVKY) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04, Zacks reports. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.43 billion. Sandvik had a return on equity of 17.64% and a net margin of 12.16%.

Sandvik Stock Performance

Shares of SDVKY stock opened at $42.56 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.94. Sandvik has a fifty-two week low of $20.40 and a fifty-two week high of $44.53. The stock has a 50 day moving average price of $40.80 and a two-hundred day moving average price of $35.56. The company has a market capitalization of $53.39 billion, a P/E ratio of 33.51, a PEG ratio of 1.59 and a beta of 1.52.

Analysts Set New Price Targets

A number of research firms recently weighed in on SDVKY. Citigroup downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. The Goldman Sachs Group restated a “sell” rating on shares of Sandvik in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a research report on Thursday. Barclays restated an “overweight” rating on shares of Sandvik in a research report on Wednesday, February 25th. Finally, Nordea Equity Research upgraded Sandvik to a “hold” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sandvik has a consensus rating of “Hold”.

Sandvik Company Profile

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.