Sandvik (SDVKY) Expected to Announce Quarterly Earnings on Friday

Sandvik (OTCMKTS:SDVKY) will likely be posting its resultson Friday, July 17th. Analysts expect Sandvik to post earnings of $0.46 per share and revenue of $3.8009 billion for the quarter.

Sandvik (OTCMKTS:SDVKY) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. Sandvik had a return on equity of 16.92% and a net margin of 12.16%.The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.43 billion. On average, analysts expect Sandvik to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sandvik Trading Up 1.7%

OTCMKTS:SDVKY opened at $40.18 on Friday. The company has a market cap of $50.40 billion, a PE ratio of 31.64, a P/E/G ratio of 1.13 and a beta of 1.50. The business’s 50 day moving average is $40.48 and its two-hundred day moving average is $39.55. The company has a quick ratio of 1.06, a current ratio of 1.96 and a debt-to-equity ratio of 0.36. Sandvik has a 52 week low of $23.50 and a 52 week high of $44.53.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SDVKY shares. Citigroup lowered Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Nordea Equity Research upgraded shares of Sandvik to a “hold” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a report on Thursday, June 18th. Finally, Morgan Stanley downgraded shares of Sandvik from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sandvik presently has an average rating of “Hold”.

Sandvik Company Profile

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.