Atlas Copco (OTCMKTS:ATLKY) Announces Earnings Results

Atlas Copco (OTCMKTS:ATLKY) issued its earnings results on Tuesday. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14, Zacks reports. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%.

Atlas Copco Price Performance

OTCMKTS ATLKY opened at $18.81 on Thursday. Atlas Copco has a 12 month low of $14.89 and a 12 month high of $22.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08. The firm has a market capitalization of $91.62 billion, a PE ratio of 34.20, a P/E/G ratio of 2.64 and a beta of 1.47. The company’s 50 day simple moving average is $19.26 and its 200 day simple moving average is $18.77.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ATLKY. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Sanford C. Bernstein raised Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. Pareto Securities cut Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group cut Atlas Copco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Atlas Copco currently has an average rating of “Moderate Buy”.

Atlas Copco Company Profile

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.