Sandvik (SDVKY) Projected to Release Earnings on Thursday

Sandvik (OTCMKTS:SDVKY) will likely be announcing 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

OTCMKTS SDVKY opened at $35.58 on Tuesday. Sandvik has a 1-year low of $28.71 and a 1-year high of $44.53. The company has a market capitalization of $44.63 billion, a P/E ratio of 23.56, a PEG ratio of 0.87 and a beta of 1.51. The business has a 50 day moving average price of $38.29 and a 200 day moving average price of $39.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 0.84.

Analyst Ratings Changes

Several analysts have weighed in on SDVKY shares. Citigroup reissued a “neutral” rating on shares of Sandvik in a report on Tuesday, September 29th. Kepler Capital Markets downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. BNP Paribas Exane lowered shares of Sandvik to a “neutral” rating in a research report on Thursday, October 1st. Morgan Stanley raised shares of Sandvik to an “overweight” rating in a research note on Monday. Finally, Zacks Research cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Sandvik

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.