Atlas Copco (OTCMKTS:ATLKY) Releases Earnings Results, Misses Expectations By $0.01 EPS

Atlas Copco (OTCMKTS:ATLKY) released its quarterly earnings data on Thursday. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01), Zacks reports. Atlas Copco had a return on equity of 23.81% and a net margin of 15.66%.The company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.61 billion.

Atlas Copco Stock Up 1.0%

ATLKY stock opened at $20.31 on Friday. The company has a fifty day simple moving average of $19.54 and a 200 day simple moving average of $19.66. Atlas Copco has a 1 year low of $14.89 and a 1 year high of $22.05. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24. The firm has a market cap of $98.92 billion, a PE ratio of 35.63, a PEG ratio of 2.08 and a beta of 1.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Rothschild & Co Redburn upgraded Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. 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 given a Sell rating to the stock. According to MarketBeat.com, the stock 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.