Sandvik (SDVKY) Projected to Post Quarterly Earnings on Thursday

Sandvik (OTCMKTS:SDVKY) is projected to announce its results before the market opens on Thursday, October 22nd. Analysts expect Sandvik to post earnings of $0.46 per share and revenue of $3.70 billion for the quarter.

Sandvik Stock Performance

Sandvik stock opened at $35.44 on Wednesday. Sandvik has a fifty-two week low of $28.71 and a fifty-two week high of $44.53. The firm’s 50 day simple moving average is $38.23 and its 200-day simple moving average is $39.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 0.84. The company has a market cap of $44.46 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 0.87 and a beta of 1.51.

Wall Street Analyst Weigh In

A number of research firms recently commented on SDVKY. Kepler Capital Markets lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. BNP Paribas Exane downgraded shares of Sandvik to a “neutral” rating in a research note on Thursday, October 1st. Citigroup restated a “neutral” rating on shares of Sandvik in a report on Tuesday, September 29th. Morgan Stanley raised Sandvik to an “overweight” rating in a research report on Monday. Finally, Berenberg Bank upgraded Sandvik to a “hold” rating in a report on Thursday, August 27th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Sandvik Company Profile

Sandvik AB is a Sweden-based global engineering group that develops and manufactures equipment, tools and digital solutions for the mining, construction and manufacturing industries. Founded in 1862, the company has evolved from a steel producer into a specialized industrial technology business headquartered in Stockholm, Sweden.

Its Mining and Rock Solutions business provides underground and surface mining equipment, rock tools, drilling systems, automation technologies and related services.