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

Sandvik AB (publ) (OTCMKTS:SDVKY) is expected to be releasing 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its earnings results on Monday, October 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.91 billion for 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 Performance

Shares of Sandvik AB (publ) stock opened at $18.82 on Tuesday. The business’s fifty day simple moving average is $18.49 and its 200-day simple moving average is $19.72. 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 firm has a market cap of $23.61 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.55 and a beta of 1.46. Sandvik AB has a 52 week low of $17.76 and a 52 week high of $23.50.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Sanford C. Bernstein raised shares of Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research note on Monday, January 6th. UBS Group cut shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 23rd. Citigroup raised Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Barclays upgraded Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus 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.