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

Atlas Copco (OTCMKTS:ATLKY) issued its quarterly earnings results on Thursday. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01), Zacks reports. Atlas Copco had a net margin of 15.69% and a return on equity of 23.91%.

Atlas Copco Stock Down 0.4%

Shares of OTCMKTS ATLKY opened at $19.53 on Thursday. Atlas Copco has a 52-week low of $14.89 and a 52-week high of $22.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 1.70. The stock has a market cap of $95.12 billion, a P/E ratio of 34.88, a P/E/G ratio of 2.03 and a beta of 1.42. The firm has a 50 day moving average price of $19.52 and a 200 day moving average price of $19.64.

Analyst Ratings Changes

A number of research analysts have commented on ATLKY shares. Rothschild & Co Redburn upgraded Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlas Copco currently 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.