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

Atlas Copco (OTCMKTS:ATLKY) issued its quarterly earnings data on Thursday. The industrial products company reported $0.16 earnings per share 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%.

Atlas Copco Stock Performance

Shares of Atlas Copco stock opened at $19.53 on Thursday. The stock has a market capitalization of $95.12 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.49 and a beta of 1.39. The firm’s fifty day simple moving average is $20.93 and its 200-day simple moving average is $20.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 0.87. Atlas Copco has a 12 month low of $15.69 and a 12 month high of $22.42.

Wall Street Analysts Forecast Growth

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