Atlas Copco (OTCMKTS:ATLKY) Releases Quarterly Earnings Results, Meets Estimates

Atlas Copco (OTCMKTS:ATLKY) released its quarterly earnings results on Thursday. The industrial products company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15, Zacks reports. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Atlas Copco had a return on equity of 23.91% and a net margin of 15.69%.

Atlas Copco Price Performance

Shares of OTCMKTS ATLKY opened at $20.11 on Friday. The stock’s 50-day moving average is $19.53 and its two-hundred day moving average is $19.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.70 and a quick ratio of 1.20. The company has a market cap of $97.95 billion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.42. Atlas Copco has a 1-year low of $14.89 and a 1-year high of $22.05.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ATLKY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Atlas Copco presently has an average rating of “Hold”.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.