Sandvik (OTCMKTS:SDVKY) Releases Earnings Results, Beats Expectations By $0.02 EPS

Sandvik (OTCMKTS:SDVKY) issued its earnings results on Thursday. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02, Zacks reports. Sandvik had a net margin of 13.05% and a return on equity of 18.45%.

Sandvik Stock Performance

Shares of SDVKY stock opened at $35.87 on Thursday. The company has a fifty day moving average price of $38.19 and a two-hundred day moving average price of $39.42. Sandvik has a one year low of $28.71 and a one year high of $44.53. The stock has a market cap of $44.99 billion, a P/E ratio of 24.74, a P/E/G ratio of 0.86 and a beta of 1.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 0.84.

Analysts Set New Price Targets

Several analysts have commented on the stock. Kepler Capital Markets downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Berenberg Bank raised shares of Sandvik to a “hold” rating in a research note on Thursday, August 27th. Morgan Stanley upgraded shares of Sandvik to an “overweight” rating in a report on Monday. BNP Paribas Exane lowered shares of Sandvik to a “neutral” rating in a research note on Thursday, October 1st. Finally, Citigroup restated a “neutral” rating on shares of Sandvik in a report on Tuesday, September 29th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sandvik has a consensus rating of “Hold”.

Sandvik Company Profile

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.