Sandvik (OTCMKTS:SDVKY) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Sandvik reported quarterly earnings of $0.30 EPS, missing the consensus estimate of $0.33 EPS by $0.03.
• The company's stock experienced a mid-day trading increase to $29.70, with a market capitalization of $37.25 billion.
• Wall Street analysts maintained a generally positive outlook, with the consensus rating on Sandvik being a "Moderate Buy."

Sandvik (OTCMKTS:SDVKY - Get Free Report) issued its earnings results on Monday. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03), Zacks reports. Sandvik had a net margin of 11.89% and a return on equity of 16.54%.

Sandvik Stock Performance

Sandvik stock traded up $0.79 during mid-day trading on Monday, reaching $29.70. The company's stock had a trading volume of 24,182 shares, compared to its average volume of 49,422. Sandvik has a 12-month low of $16.94 and a 12-month high of $29.80. The company has a market capitalization of $37.25 billion, a P/E ratio of 26.52, a PEG ratio of 1.46 and a beta of 1.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.86 and a current ratio of 1.62. The firm's fifty day moving average price is $26.76 and its two-hundred day moving average price is $23.76.

Wall Street Analyst Weigh In

SDVKY has been the subject of a number of analyst reports. Pareto Securities downgraded Sandvik from a "buy" rating to a "hold" rating in a research note on Sunday, October 5th. Citigroup reiterated a "buy" rating on shares of Sandvik in a research note on Tuesday, October 7th. Zacks Research raised shares of Sandvik from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Sandvik in a research report on Monday, September 29th. Finally, Barclays reissued an "overweight" rating on shares of Sandvik in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

About Sandvik

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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