Atlas Copco (OTCMKTS:ATLKY) Issues Earnings Results

Atlas Copco (OTCMKTS:ATLKY) issued its quarterly earnings results on Thursday. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate 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 Performance

Shares of ATLKY stock opened at $19.53 on Thursday. The company has a market cap of $95.12 billion, a P/E ratio of 34.88, a PEG ratio of 2.03 and a beta of 1.42. The firm has a fifty day moving average price of $19.52 and a 200 day moving average price of $19.64. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24. Atlas Copco has a 12 month low of $14.89 and a 12 month high of $22.05.

Analysts Set New Price Targets

ATLKY has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research report on Wednesday, June 24th. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Finally, Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Atlas Copco currently has an average rating of “Hold”.

About Atlas Copco

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.