Atlas Copco (OTCMKTS:ATLKY) Announces Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Atlas Copco reported earnings of $0.14 per share, exceeding analysts' estimates of $0.13 by $0.01, showcasing strong financial performance.
• The company's return on equity was 26.14% with a net margin of 16.22%, indicating robust profitability.
• Analysts have upgraded Atlas Copco's rating from "hold" to "outperform", reflecting positive sentiment in the market.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) released its quarterly earnings results on Thursday. The industrial products company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01, Zacks reports. Atlas Copco had a return on equity of 26.14% and a net margin of 16.22%.

Atlas Copco Price Performance

Shares of Atlas Copco stock traded down $0.11 during mid-day trading on Thursday, reaching $17.50. 106,680 shares of the stock traded hands, compared to its average volume of 404,742. The business has a 50-day moving average of $16.82 and a 200 day moving average of $16.21. Atlas Copco has a fifty-two week low of $13.41 and a fifty-two week high of $18.48. The stock has a market capitalization of $85.31 billion, a PE ratio of 31.25, a PEG ratio of 7.50 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.55 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

Separately, BNP Paribas raised Atlas Copco from a "hold" rating to an "outperform" rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently 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.

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