Atlas Copco (ATLKY) to Release Earnings on Friday

Atlas Copco (OTCMKTS:ATLKY) is projected to issue its resultson Friday, July 17th. Analysts expect the company to post earnings of $0.16 per share and revenue of $4.6369 billion for the quarter.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Atlas Copco had a net margin of 15.69% and a return on equity of 23.91%. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.46 billion. 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 2.3%

OTCMKTS ATLKY opened at $19.84 on Friday. Atlas Copco has a 12 month low of $14.89 and a 12 month high of $22.05. The company has a market capitalization of $96.63 billion, a P/E ratio of 35.43, a PEG ratio of 2.01 and a beta of 1.42. The company’s 50 day simple moving average is $19.50 and its 200 day simple moving average is $19.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.70 and a quick ratio of 1.20.

Wall Street Analysts Forecast Growth

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