|Bid||176.20 x 0|
|Ask||176.30 x 0|
|Day's range||175.75 - 180.15|
|52-week range||112.45 - 194.30|
|Beta (5Y monthly)||1.18|
|PE ratio (TTM)||30.43|
|Earnings date||16 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||29 Apr 2020|
|1y target est||156.47|
The Sandvik Ab (STO:SAND) share price has risen by 12.4% over the past month and it’s currently trading at 159. For investors considering whether to buy, hold...
Good shares at cheap prices are what the very best investors look for. At this time of economic turmoil and market volatility, could Sandvik Ab (STO:SAND) be o8230;
Sweden's Sandvik <SAND.ST>, the world's biggest maker of metal-cutting tools, said on Monday it was ready to cut more costs if needed to weather the COVID-19 pandemic as it reported quarterly order intake ahead of market forecasts. Sandvik, one of the first European manufacturing blue chips to deliver first-quarter results, is seen as a good gauge of industrial demand due to high shipping volumes of its cutting tools, which have a wide customer base and short lead times. The company said order bookings in the quarter fell to 25.4 billion Swedish crowns ($2.55 billion), down 11% from a year ago on an organic or like-for-like basis, but well ahead of the 24.1 billion mean forecast in a Refinitiv poll of analysts.
The board of metal-cutting tools and mining gear maker Sandvik's <SAND.ST> said on Tuesday it would withdraw its dividend proposal for 2019 and instead proposed no pay out given the current uncertainty around the spread of the new coronavirus. "Sandvik has a solid balance sheet and, as earlier announced, prompt actions are being implemented to mitigate future financial impact from the COVID-19-pandemic", it said in a statement. "However, in the view of the increased economic uncertainty,and as a precautionary measure, the board believes that it is justified to withdraw the dividend proposal".
Metal-cutting tools and mining gear maker Sandvik <SAND.ST> reported fourth-quarter core earnings above market forecasts on Tuesday but said a slump in the automotive and general engineering industries had dented order intake. "In the fourth quarter, demand remained at a high level in the long-cycle mining and energy businesses, although a significant decrease was reported for our short-cycle businesses," CEO Bjorn Rosengren said in statement. The group is considered a good gauge of industrial demand due to high shipping volumes of its cutting tools, which have short lead times from order booking to delivery and a wide customer base.
Is Sandvik AB (STO:SAND) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can...
Metal-cutting tools and mining gear maker Sandvik <SAND.ST> reported third-quarter core earnings above market forecasts on Friday as strong demand in the mining and oil industries helped offset slumping automotive and engineering markets. Worries over the extent of a downturn in industrial demand have risen in recent weeks as weaker purchasing manager indices in the United States and Europe, Sandvik's two biggest markets, came on top of a slowdown in China. "Demand in the long-cycle business in the mining and oil & gas industries remained strong, while customer activity in the short-cycle business softened significantly," Sandvik CEO Bjorn Rosengren said in a statement.
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on...
ABB shares jumped more than 4% on Monday as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik to be its next chief executive. Chairman Peter Voser, who has taken on CEO functions on an interim basis, said on Monday he was confident he had got the right man. "He has a great track record of empowering businesses in a decentralised way, that is what he has done at Sandvik and at his earlier businesses as well," Voser said.
FTSE 100 down 0.2% * Osram rallies, AMS sinks after Austrian firm preps counterbid * Investors welcome new ABB CEO, shares rise 3.7% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. "At the overall market level, while we remain positive on stocks for the year, we are in the short term advocating a pullback, lasting perhaps a few weeks, similar to the May experience, of a high-single-digit weakness," say strategists at the US bank led by Mislav Matejka. Matejka and team say there are two additional catalysts to look forward to into September: 1) ECB restarting QE 2) Second Fed cut and perhaps some ceasefire on the trade front (Danilo Masoni) ***** SPOKE TOO SOON... (0853 GMT) We were just struggling to describe the move higher today with little newsflow but before we did that the rally is already on its way to death.
FTSE 100 down 0.2% * Osram rallies, AMS sinks after Austrian firm preps counterbid * Investors welcome new ABB CEO, shares rise 4% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. What looked like a solid rebound a little over an hour back is now fading fast with miners pulling the FTSE 100 into red, while STOXX 600 is up just 0.1%. Dollar spike is hitting miners, while worsening Hong Kong protests are hitting risk sentiment among investors.
New ABB Chief Executive Bjorn Rosengren is committed to at least five years with the Swiss engineering group, Chairman Peter Voser said on Monday. Age or nationality was also not an issue in appointing the 60-year-old Swedish executive, Voser told reporters.
ABB shares jumped almost 4% in early Monday trading as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik to be its next chief executive. Rosengren will take over at the Zurich-based maker of industrial drives and robots in March, the company said on Sunday. Chairman Peter Voser, who has taken on CEO functions on an interim basis, said on Monday he was confident he had got the right man.
Swedish engineering group Sandvik's Chief Executive Officer Bjorn Rosengren will step down next year and will join Swiss-Swedish robotics and engineering group ABB Ltd as CEO, the companies said in separate statements on Sunday. Rosengren, who has a reputation for being ruthless with underperforming divisions, will join ABB in February next year, ABB said. Businesses which generate $3 billion of revenue, 11% of ABB's total annual sales, are now under review and could be sold off or closed down, Voser told Reuters in a recent interview.
Swedish mining equipment maker Epiroc <EPIRa.ST> reported quarterly operating earnings above market expectations on Thursday, helped by earlier cost-cutting, and said it expected demand in the near term would remain at current strong levels.
Swedish engineering group Sandvik <SAND.ST> reported quarterly operating earnings below market expectations on Wednesday and said it would cut around 2,000 jobs to buttress profitability in the face of early signs of slowing market demand. Sandvik said it had seen weaker demand in its parts of its business, primarily from customers in the automotive and general engineering sectors, towards the end of the second quarter. "We will take further action in all business areas to deliver strong margins long-term," Sandvik CEO Bjorn Rosengren said in a statement.