Sandvik AB (publ) (SDVKY) to Release Quarterly Earnings on Thursday

Sandvik AB (publ) (OTCMKTS:SDVKY) is expected to release its earnings data on Thursday, January 23rd. Analysts expect Sandvik AB (publ) to post earnings of $0.30 per share and revenue of $2,900,310.00 billion for the quarter.

Sandvik AB (publ) (OTCMKTS:SDVKY) last announced its quarterly earnings results on Monday, October 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. The firm had revenue of $2.91 billion during the quarter. On average, analysts expect Sandvik AB (publ) to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sandvik AB (publ) Stock Up 2.5 %

Shares of OTCMKTS:SDVKY opened at $18.52 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.63 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $18.55 and its 200 day moving average is $19.75. The stock has a market cap of $23.22 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 3.25 and a beta of 1.46. Sandvik AB has a 52-week low of $17.76 and a 52-week high of $23.50.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Sanford C. Bernstein upgraded Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research note on Monday, January 6th. Barclays upgraded shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th. UBS Group lowered shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. Finally, Citigroup upgraded shares of Sandvik AB (publ) to a “strong-buy” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sandvik AB (publ) currently has an average rating of “Moderate Buy”.

Sandvik AB (publ) 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.