Atlas Copco (OTCMKTS:ATLKY) Issues Earnings Results

Atlas Copco (OTCMKTS:ATLKY) posted its earnings results on Thursday. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01), Zacks reports. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.79 billion. Atlas Copco had a return on equity of 24.52% and a net margin of 15.69%.

Atlas Copco Stock Down 1.6%

Shares of OTCMKTS:ATLKY traded down $0.28 during midday trading on Friday, reaching $17.73. The company had a trading volume of 588,751 shares, compared to its average volume of 269,483. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average price is $20.77 and its 200 day moving average price is $20.25. The stock has a market cap of $86.36 billion, a PE ratio of 30.05, a P/E/G ratio of 1.38 and a beta of 1.39. Atlas Copco has a 1-year low of $15.69 and a 1-year high of $22.42.

Analysts Set New Price Targets

ATLKY has been the topic of several analyst reports. The Goldman Sachs Group upgraded shares of Atlas Copco from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Atlas Copco in a research note on Tuesday, September 1st. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Atlas Copco presently has a consensus rating of “Moderate Buy”.

Atlas Copco Company Profile

Atlas Copco AB is a Sweden-based industrial technology company that develops and manufactures equipment, systems and services for a broad range of industrial applications. Its principal business areas include compressed-air and gas equipment, vacuum solutions, industrial tools and assembly systems, and power and flow equipment.

The company’s offerings include air compressors, dryers and treatment systems; vacuum pumps and related equipment; pneumatic, electric and battery-powered tools; automated assembly solutions; generators, pumps and construction equipment.