Sandvik (OTCMKTS:SDVKY) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Sandvik (OTCMKTS:SDVKY) posted its quarterly earnings data on Friday. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03, Zacks reports. Sandvik had a return on equity of 16.92% and a net margin of 12.16%.

Sandvik Trading Down 4.0%

OTCMKTS SDVKY opened at $38.46 on Friday. Sandvik has a 1 year low of $23.96 and a 1 year high of $44.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.96 and a quick ratio of 1.06. The company has a market capitalization of $48.24 billion, a PE ratio of 30.28, a P/E/G ratio of 1.14 and a beta of 1.50. The company has a fifty day moving average of $40.26 and a 200 day moving average of $39.81.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SDVKY shares. Kepler Capital Markets cut Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Zacks Research downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research report on Thursday, June 18th. Citigroup cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Sandvik in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average 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.