Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $30.25 billion. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%.
Sandvik AB (publ) Trading Up 1.5 %
Shares of OTCMKTS SDVKY traded up $0.29 during mid-day trading on Monday, hitting $19.55. 51,592 shares of the company traded hands, compared to its average volume of 90,841. The business has a 50 day moving average of $21.36 and a two-hundred day moving average of $20.07. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.00 and a beta of 1.48. Sandvik AB has a 1 year low of $16.94 and a 1 year high of $23.47. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.42.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein raised shares of Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".
View Our Latest Analysis on SDVKY
Sandvik AB (publ) Company Profile
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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.
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