Sandvik (SDVKY) to Release Earnings on Wednesday

Sandvik (OTCMKTS:SDVKY) is projected to post its resultson Wednesday, April 15th. Analysts expect Sandvik to post earnings of $0.34 per share and revenue of $3.4324 billion for the quarter.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.38 billion. Sandvik had a return on equity of 16.94% and a net margin of 12.16%. On average, analysts expect Sandvik to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sandvik Trading Down 0.1%

SDVKY opened at $39.63 on Wednesday. The firm has a market cap of $49.71 billion, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.52. Sandvik has a 52 week low of $16.94 and a 52 week high of $44.43. The business’s 50 day moving average is $40.38 and its two-hundred day moving average is $34.39. The company has a quick ratio of 1.02, a current ratio of 1.94 and a debt-to-equity ratio of 0.38.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SDVKY shares. Morgan Stanley downgraded Sandvik from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 12th. Jefferies Financial Group downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Zacks Research downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Citigroup reiterated a “buy” rating on shares of Sandvik in a research note on Monday, January 12th. Finally, Barclays reiterated an “overweight” rating on shares of Sandvik in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Sandvik

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.