Atlas Copco (ATLKY) Expected to Release Earnings on Thursday

Key Points

• Atlas Copco is expected to report earnings before market open on Thursday, October 22. Analysts forecast quarterly earnings of $0.17 per share on revenue of $4.78 billion.
• In its previous quarter, the company reported $0.15 EPS, missing estimates by $0.01, while revenue of $4.66 billion exceeded expectations. Analysts project full-year EPS of $0.64 and next-year EPS of $0.81.
• Shares opened at $20.79 and were down 2.6%, while analyst sentiment remained a “Moderate Buy,” with one Strong Buy, five Buy, two Hold and two Sell ratings.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) is anticipated to issue its results before the market opens on Thursday, October 22nd. Analysts expect the company to post earnings of $0.17 per share and revenue of $4.78 billion for the quarter.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $4.66 billion during the quarter, compared to analysts' expectations of $4.61 billion. Atlas Copco had a net margin of 15.66% and a return on equity of 24.10%. On average, analysts expect Atlas Copco to post $0.64 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.

Atlas Copco Trading Down 2.6%

Shares of ATLKY stock opened at $20.79 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. Atlas Copco has a fifty-two week low of $15.69 and a fifty-two week high of $22.42. The firm's 50 day moving average price is $21.15 and its two-hundred day moving average price is $20.18. The stock has a market cap of $101.26 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ATLKY shares. Royal Bank Of Canada reissued an "underperform" rating on shares of Atlas Copco in a research note on Wednesday, August 5th. Citigroup reaffirmed a "buy" rating on shares of Atlas Copco in a research report on Tuesday. Morgan Stanley reaffirmed an "overweight" rating on shares of Atlas Copco in a research report on Tuesday, September 1st. Finally, The Goldman Sachs Group upgraded Atlas Copco from a "neutral" rating to a "buy" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Atlas Copco Company Profile

Atlas Copco AB is a Sweden-based industrial equipment and technology company founded in 1873. Headquartered in Nacka, Sweden, the company serves customers in manufacturing, construction, mining, infrastructure, energy and other industries through a global sales, service and distribution network.

Its product portfolio includes air compressors, dryers, gas and process systems, vacuum equipment, industrial power tools, assembly systems and automated manufacturing solutions. Atlas Copco also provides equipment and services for mining and construction, including drilling, rock excavation and related aftermarket support.

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