Atlas Copco (ATLKY) Expected to Announce Earnings on Tuesday

Atlas Copco (OTCMKTS:ATLKY) is expected to be posting its results before the market opens on Tuesday, January 27th. Analysts expect Atlas Copco to post earnings of $0.15 per share for the quarter.

Atlas Copco (OTCMKTS:ATLKY) last issued its earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Atlas Copco had a net margin of 16.08% and a return on equity of 25.42%. On average, analysts expect Atlas Copco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Atlas Copco Stock Up 2.6%

Atlas Copco stock opened at $20.86 on Tuesday. Atlas Copco has a twelve month low of $13.41 and a twelve month high of $20.89. The business has a fifty day moving average of $17.87 and a two-hundred day moving average of $17.03. The firm has a market cap of $101.67 billion, a P/E ratio of 37.24, a P/E/G ratio of 9.50 and a beta of 1.40. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.27.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Tuesday, October 28th. Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. UBS Group lowered shares of Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, 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.