Sandvik AB (publ) (OTCMKTS:SDVKY) Announces Quarterly Earnings Results

Posted by Hanz Christensen on Oct 22nd, 2024

Sandvik AB (publ) (OTCMKTS:SDVKY – Get Free Report) released its quarterly earnings results on Monday. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02), Yahoo Finance reports. Sandvik AB (publ) had a net margin of 10.36% and a return on equity of 16.82%. The company had revenue of $2.91 billion during the quarter.

Sandvik AB (publ) Stock Down 2.1 %

Shares of OTCMKTS:SDVKY opened at $20.21 on Tuesday. Sandvik AB has a 1 year low of $16.31 and a 1 year high of $23.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.58 and a quick ratio of 0.85. The business’s 50-day moving average is $20.80 and its 200-day moving average is $20.86. The company has a market capitalization of $25.35 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 3.00 and a beta of 1.49.

Wall Street Analyst Weigh In

Several brokerages recently commented on SDVKY. Barclays upgraded Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Citigroup raised shares of Sandvik AB (publ) to a “strong-buy” rating in a research note on Tuesday, October 15th.

Get Our Latest Stock Analysis on SDVKY

Sandvik AB (publ) Company Profile

(Get Free Report)

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.