Sandvik (OTCMKTS:SDVKY) Releases Earnings Results, Beats Estimates By $0.02 EPS

Sandvik (OTCMKTS:SDVKY) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02, Zacks reports. Sandvik had a net margin of 12.16% and a return on equity of 16.94%.

Sandvik Price Performance

Shares of SDVKY stock opened at $42.63 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.94 and a quick ratio of 1.02. The company has a market capitalization of $53.47 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.52. The firm’s 50-day moving average is $40.83 and its two-hundred day moving average is $35.46. Sandvik has a 12 month low of $19.31 and a 12 month high of $44.53.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SDVKY shares. Citigroup lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. The Goldman Sachs Group reissued a “sell” rating on shares of Sandvik in a report on Thursday, April 9th. Barclays restated an “overweight” rating on shares of Sandvik in a research report on Wednesday, February 25th. Jefferies Financial Group downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Nordea Equity Research upgraded Sandvik to a “hold” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Sandvik

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.