Atlas Copco (ATLKY) Expected to Release Earnings on Thursday

Atlas Copco (OTCMKTS:ATLKY) is anticipated to post its results before the market opens on Thursday, October 22nd. Analysts expect Atlas Copco to post earnings of $0.17 per share and revenue of $4.78 billion for the quarter.

Atlas Copco Stock Performance

ATLKY opened at $19.98 on Tuesday. The company has a market capitalization of $97.31 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 1.56 and a beta of 1.39. The business’s 50-day moving average price is $21.04 and its two-hundred day moving average price is $20.24. Atlas Copco has a 1 year low of $15.69 and a 1 year high of $22.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 0.87.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ATLKY shares. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research report on Wednesday, August 5th. The Goldman Sachs Group upgraded 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 research report on Tuesday, September 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus 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.