Atlas Copco (OTCMKTS:ATLKY) Posts Earnings Results

Atlas Copco (OTCMKTS:ATLKY) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01), Zacks reports. The company had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.68 billion. Atlas Copco had a return on equity of 25.29% and a net margin of 15.70%.

Atlas Copco Stock Performance

Shares of ATLKY opened at $20.58 on Thursday. The company has a 50-day moving average of $18.51 and a two-hundred day moving average of $17.24. The stock has a market cap of $100.33 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 9.95 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.09. Atlas Copco has a one year low of $13.41 and a one year high of $21.46.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATLKY. UBS Group cut Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research report on Friday, January 16th. Pareto Securities lowered shares of Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Thursday, January 22nd. Finally, Barclays upgraded shares of Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Atlas Copco presently has an average rating of “Hold”.

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.