Sandvik (SDVKY) to Release Quarterly Earnings on Tuesday

Sandvik (OTCMKTS:SDVKY) is anticipated to release its results before the market opens on Tuesday, January 27th. Analysts expect Sandvik to post earnings of $0.36 per share and revenue of $3.3773 billion for the quarter.

Sandvik Price Performance

OTCMKTS:SDVKY opened at $37.23 on Friday. Sandvik has a 52 week low of $16.94 and a 52 week high of $37.35. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.40. The firm’s 50-day simple moving average is $32.33 and its 200 day simple moving average is $28.87.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SDVKY. Citigroup reaffirmed a “buy” rating on shares of Sandvik in a research note on Monday, January 12th. Barclays reissued an “overweight” rating on shares of Sandvik in a research report on Wednesday, December 3rd. Rothschild Redb upgraded Sandvik from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Zacks Research upgraded shares of Sandvik from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Sandvik in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Sandvik Company Profile

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.