FY2017 EPS Estimates for Sandvik AB Lifted by Jefferies Group (SDVKY)

Sandvik AB (OTC:SDVKY) – Equities research analysts at Jefferies Group upped their FY2017 earnings per share estimates for shares of Sandvik AB in a research report issued to clients and investors on Thursday. Jefferies Group analyst G. Phillips now anticipates that the industrial products company will post earnings of $0.81 per share for the year, up from their previous forecast of $0.72. Jefferies Group also issued estimates for Sandvik AB’s FY2018 earnings at $0.85 EPS.

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Separately, ValuEngine downgraded shares of Sandvik AB from a “buy” rating to a “hold” rating in a research note on Wednesday.

Shares of Sandvik AB (OTC:SDVKY) opened at 17.52 on Monday. The stock has a market capitalization of $21.98 billion, a price-to-earnings ratio of 25.14 and a beta of 0.76. The firm’s 50-day moving average is $17.00 and its 200-day moving average is $15.98. Sandvik AB has a 52 week low of $10.81 and a 52 week high of $17.68.

Sandvik AB Company Profile

Sandvik AB (Sandvik) is an engineering company in mining and rock excavation, metal-cutting and materials technology. The Company is engaged in the developing, manufacturing and marketing processed products and services. Its segments include Sandvik Machining Solutions, Sandvik Mining and Rock Technology, Sandvik Materials Technology and Other Operations.

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