Atlas Copco (OTCMKTS:ATLKY) Releases Earnings Results

Atlas Copco (OTCMKTS:ATLKY) posted its earnings results on Thursday. The industrial products company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01), Zacks reports. Atlas Copco had a return on equity of 24.10% and a net margin of 15.66%. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.79 billion.

Atlas Copco Price Performance

OTCMKTS ATLKY opened at $18.01 on Friday. The company has a 50-day moving average price of $20.85 and a 200-day moving average price of $20.27. Atlas Copco has a 52 week low of $15.69 and a 52 week high of $22.42. 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 firm has a market capitalization of $87.72 billion, a P/E ratio of 34.26, a PEG ratio of 1.50 and a beta of 1.39.

Analyst Ratings Changes

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

About Atlas Copco

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.