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

Sandvik AB (publ) (OTCMKTS:SDVKY) is expected to be posting its quarterly earnings results 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 posted its quarterly earnings results on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $2.91 billion during the quarter. Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%. 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 SDVKY stock opened at $18.52 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 0.85. Sandvik AB has a one year low of $17.76 and a one year high of $23.50. The company’s fifty day moving average price is $18.55 and its 200-day moving average price is $19.75. The company has a market capitalization of $23.22 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 3.25 and a beta of 1.46.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SDVKY shares. Barclays upgraded Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. UBS Group cut shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 23rd. Citigroup upgraded shares of Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Sanford C. Bernstein raised 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 given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.