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

Atlas Copco (OTCMKTS:ATLKY) released its earnings results on Thursday. The industrial products company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01), Zacks reports. Atlas Copco had a net margin of 15.66% and a return on equity of 24.10%.

Atlas Copco Stock Down 6.7%

Shares of ATLKY stock traded down $1.30 during trading hours on Thursday, hitting $18.23. 917 shares of the company’s stock traded hands, compared to its average volume of 388,348. The stock’s fifty day simple moving average is $20.93 and its two-hundred day simple moving average is $20.27. The stock has a market cap of $88.77 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 1.49 and a beta of 1.39. Atlas Copco has a 12-month low of $15.69 and a 12-month high of $22.42. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.25.

Analyst Ratings Changes

ATLKY has been the topic of a number of research reports. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a report on Wednesday, August 5th. The Goldman Sachs Group raised Atlas Copco from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Atlas Copco in a research report on Tuesday, September 1st. Finally, Citigroup reissued a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Atlas Copco has a consensus rating of “Moderate Buy”.

Atlas Copco Company Profile

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.