Sandvik (SDVKY) Expected to Announce Quarterly Earnings on Friday

Sandvik (OTCMKTS:SDVKY - Get Free Report) is projected to post its quarterly earnings results on Friday, July 18th. Analysts expect Sandvik to post earnings of $0.36 per share and revenue of $29.43 billion for the quarter.

Sandvik (OTCMKTS:SDVKY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $3 billion during the quarter, compared to analyst estimates of $30.25 billion. Sandvik had a net margin of 11.95% and a return on equity of 16.64%. On average, analysts expect Sandvik to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sandvik Trading Down 1.4%

Shares of SDVKY stock traded down $0.34 on Monday, hitting $23.75. The company had a trading volume of 20,536 shares, compared to its average volume of 64,080. The firm has a market cap of $29.79 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.54 and a beta of 1.51. The stock's 50-day moving average is $22.36 and its two-hundred day moving average is $21.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 1.85. Sandvik has a twelve month low of $16.94 and a twelve month high of $24.53.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Sandvik in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.