SANDVIK AB/ADR (OTCMKTS:SDVKY) Posts Earnings Results

SANDVIK AB/ADR (OTCMKTS:SDVKY) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02), Morningstar.com reports. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. SANDVIK AB/ADR had a net margin of 12.97% and a return on equity of 22.71%.

Shares of SDVKY stock opened at $16.08 on Friday. The stock has a 50-day moving average price of $17.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.35 and a current ratio of 2.17. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.97 and a beta of 1.28. SANDVIK AB/ADR has a 12 month low of $13.23 and a 12 month high of $19.05.

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its holdings in SANDVIK AB/ADR by 39.9% during the first quarter. Quadrant Capital Group LLC now owns 15,533 shares of the industrial products company’s stock worth $249,000 after buying an additional 4,430 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in SANDVIK AB/ADR by 9.0% during the first quarter. Parametric Portfolio Associates LLC now owns 1,322,376 shares of the industrial products company’s stock worth $21,548,000 after buying an additional 109,485 shares during the last quarter. Finally, Scout Investments Inc. boosted its holdings in SANDVIK AB/ADR by 3.6% during the second quarter. Scout Investments Inc. now owns 212,125 shares of the industrial products company’s stock worth $3,900,000 after buying an additional 7,402 shares during the last quarter. Hedge funds and other institutional investors own 0.12% of the company’s stock.

SDVKY has been the subject of a number of analyst reports. ValuEngine raised WPP from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.00.

SANDVIK AB/ADR Company Profile

Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, metal cutting, and materials technology worldwide. The company offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor made tools and inserts, and tooling systems.

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Earnings History for SANDVIK AB/ADR (OTCMKTS:SDVKY)

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