Sandvik AB (publ) (SDVKY) Projected to Post Quarterly Earnings on Thursday

Sandvik AB (publ) (OTCMKTS:SDVKY) is anticipated to issue its quarterly earnings data on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.30 per share and revenue of $2,900,310.00 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Sandvik AB (publ) (OTCMKTS:SDVKY) last issued its quarterly earnings data 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 return on equity of 16.52% and a net margin of 9.93%. 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) Trading Up 3.2 %

Shares of SDVKY stock opened at $19.43 on Wednesday. Sandvik AB has a 52-week low of $17.76 and a 52-week high of $23.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63. The company has a 50-day simple moving average of $18.47 and a two-hundred day simple moving average of $19.71. The company has a market capitalization of $24.37 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 2.63 and a beta of 1.46.

Analysts Set New Price Targets

SDVKY has been the subject of a number of recent analyst reports. UBS Group downgraded shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 23rd. Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Citigroup raised shares of Sandvik AB (publ) to a “strong-buy” rating in a research 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 research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Sandvik AB (publ) presently has an average rating of “Moderate Buy”.

About Sandvik AB (publ)

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.