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

Sandvik AB (publ) (OTCMKTS:SDVKY) released its quarterly earnings results on Monday. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02), Yahoo Finance reports. The company had revenue of $2.91 billion during the quarter. Sandvik AB (publ) had a return on equity of 16.82% and a net margin of 10.36%.

Sandvik AB (publ) Stock Performance

OTCMKTS:SDVKY opened at $19.80 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.58 and a debt-to-equity ratio of 0.45. The firm’s fifty day simple moving average is $20.81 and its 200 day simple moving average is $20.83. The stock has a market cap of $24.84 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 3.00 and a beta of 1.49. Sandvik AB has a twelve month low of $16.47 and a twelve month high of $23.50.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays raised Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th. UBS Group lowered shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday. Finally, Citigroup raised shares of 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.