Sandvik AB (SDVKF)
| Previous close | 22.26 |
| Open | 21.45 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 20.87 - 21.45 |
| 52-week range | 17.55 - 23.38 |
| Volume | |
| Avg. volume | 1,219 |
| Market cap | 26.179B |
| Beta (5Y monthly) | 1.32 |
| PE ratio (TTM) | 22.44 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.53 (2.52%) |
| Ex-dividend date | 30 Apr 2024 |
| 1y target est | N/A |
- Reuters
Sandvik buys majority stake in China-based Suzhou Ahno
Sweden's Sandvik said on Tuesday it has agreed to buy a majority stake in China-based Suzhou Ahno Precision Cutting Tool Technology. Sandvik, which already owns a 12.4% stake in the company, said in a statement it will through the deal raise its stake to 72.4%, and that the enterprise value for the acquired stake is 189 million euros ($202 million). The impact on Sandvik’s earnings per share, excluding non-cash amortization effects from business combinations, will be positive, it said.
- Zacks
Sandvik (SDVKY) Moves to Buy: Rationale Behind the Upgrade
Sandvik (SDVKY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Reuters
Sandvik to cut 1,100 jobs as Q4 profit lags expectations
STOCKHOLM (Reuters) -Sandvik plans to cut around 1,100 jobs as part of a cost-saving drive, the Swedish mining equipment maker said on Thursday, as it reported adjusted fourth-quarter profits just below expectations. The company said orders with major mining companies were at a good level, but that it had seen a slowdown from smaller miners and softness in infrastructure markets. It also said shipping disruption in the Red Sea was leading to some delays in larger mining equipment, but that it was manageable.
