Atlas Copco (ATLKY) to Release Quarterly Earnings on Wednesday

Atlas Copco (OTCMKTS:ATLKY) is expected to issue its results before the market opens on Wednesday, October 22nd. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

Atlas Copco (OTCMKTS:ATLKY) last announced its earnings results on Friday, July 18th. The industrial products company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Atlas Copco had a net margin of 16.22% and a return on equity of 26.14%. The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $42.93 billion. On average, analysts expect Atlas Copco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Atlas Copco Price Performance

Shares of ATLKY opened at $17.71 on Tuesday. Atlas Copco has a fifty-two week low of $13.41 and a fifty-two week high of $18.48. The company has a market capitalization of $86.34 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 7.50 and a beta of 1.41. The firm has a 50-day simple moving average of $16.73 and a 200-day simple moving average of $16.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.09 and a current ratio of 1.55.

Wall Street Analyst Weigh In

Separately, BNP Paribas raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About Atlas Copco

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.