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

Sandvik (OTCMKTS:SDVKY - Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31, Zacks reports. The company had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $29.43 billion. Sandvik had a net margin of 11.89% and a return on equity of 16.66%.

Sandvik Trading Down 0.7%

Shares of SDVKY traded down $0.18 during trading hours on Friday, reaching $24.48. 14,086 shares of the company traded hands, compared to its average volume of 19,217. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.60 and a beta of 1.51. Sandvik has a 12-month low of $16.94 and a 12-month high of $24.75. The company has a current ratio of 1.85, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The stock's fifty day moving average price is $22.61 and its 200 day moving average price is $21.37.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SDVKY shares. Barclays restated an "overweight" rating on shares of Sandvik in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Sandvik in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sandvik currently 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.