Sandvik AB (publ) (OTCMKTS:SDVKY) Posts Earnings Results, Misses Expectations By $0.01 EPS

Sandvik AB (publ) (OTCMKTS:SDVKY) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $30.25 billion. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%.

Sandvik AB (publ) Stock Up 1.5 %

OTCMKTS SDVKY opened at $19.55 on Friday. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.00 and a beta of 1.48. Sandvik AB has a 1-year low of $16.94 and a 1-year high of $23.47. The company has a current ratio of 1.79, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $21.39 and a 200-day moving average of $20.11.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded shares of Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently 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.