Sandvik (OTCMKTS:SDVKY) Issues Quarterly Earnings Results, Hits Estimates

Sandvik (OTCMKTS:SDVKY - Get Free Report) issued its earnings results on Wednesday. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.31, Zacks reports. Sandvik had a return on equity of 16.64% and a net margin of 11.95%. The company had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $29.43 billion.

Sandvik Stock Up 1.4%

Shares of Sandvik stock traded up $0.35 during trading on Thursday, hitting $24.64. The company's stock had a trading volume of 14,740 shares, compared to its average volume of 63,034. Sandvik has a 52 week low of $16.94 and a 52 week high of $24.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 1.85. The company has a fifty day simple moving average of $22.48 and a two-hundred day simple moving average of $21.28. The company has a market capitalization of $30.91 billion, a PE ratio of 22.20, a P/E/G ratio of 1.51 and a beta of 1.51.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays reissued an "overweight" rating on shares of Sandvik in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Sandvik in a report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Sandvik Company Profile

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.