Atlas (NYSE:ATCO) Issues Quarterly Earnings Results


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Atlas (NYSE:ATCO) announced its quarterly earnings results on Sunday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03), MarketWatch Earnings reports. Atlas had a net margin of 21.49% and a return on equity of 9.14%. The business had revenue of $372.60 million for the quarter, compared to analyst estimates of $381.22 million. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis.

Shares of Atlas stock traded down $0.35 during midday trading on Tuesday, reaching $13.97. The company had a trading volume of 874,088 shares, compared to its average volume of 741,121. The stock has a fifty day moving average price of $14.10 and a 200 day moving average price of $12.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.55. The firm has a market cap of $3.45 billion, a PE ratio of 15.18, a P/E/G ratio of 0.66 and a beta of 1.10. Atlas has a fifty-two week low of $6.00 and a fifty-two week high of $14.83.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Tuesday, April 20th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Monday, April 19th. Atlas’s dividend payout ratio is currently 64.10%.

A number of research firms have recently weighed in on ATCO. B. Riley lifted their target price on Atlas from $16.50 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, March 10th. TheStreet cut Atlas from a “b-” rating to a “c” rating in a research report on Thursday, April 8th. Zacks Investment Research upgraded Atlas from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, March 2nd. Citigroup raised their price target on Atlas from $11.00 to $15.00 in a research report on Wednesday, March 10th. Finally, Jefferies Financial Group boosted their price target on Atlas from $13.50 to $16.00 and gave the stock a “hold” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Atlas presently has an average rating of “Buy” and an average price target of $17.75.

Atlas Company Profile

Atlas Corp., through its subsidiaries, operates as an independent charter owner and manager of containerships. The company operates in two segments, Containership Leasing and Mobile Power Generation. It charters its containerships under long-term and fixed-rate time charters. As of March 1, 2021, the company operated a fleet of 127 containerships; a fleet of 30 gas turbines and 439 diesel generators.

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Earnings History for Atlas (NYSE:ATCO)

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