Atlas Copco (OTCMKTS:ATLKY) Issues Earnings Results

Atlas Copco (OTCMKTS:ATLKY) posted its quarterly earnings data on Thursday. The industrial products company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14, Zacks reports. Atlas Copco had a return on equity of 26.14% and a net margin of 16.22%.The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion.

Atlas Copco Stock Down 0.3%

Atlas Copco stock opened at $17.57 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $16.86 and a two-hundred day moving average of $16.24. The stock has a market capitalization of $85.63 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 7.52 and a beta of 1.41. Atlas Copco has a twelve month low of $13.41 and a twelve month high of $18.48.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Atlas Copco

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.