Analysts Issue Forecasts for Atlas Copco AB’s FY2017 Earnings (ATLKY)

Atlas Copco AB (OTCMKTS:ATLKY) – Equities researchers at Jefferies Group issued their FY2017 earnings per share estimates for shares of Atlas Copco in a research note issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst G. Phillips forecasts that the industrial products company will post earnings of $1.83 per share for the year. Jefferies Group also issued estimates for Atlas Copco’s FY2018 earnings at $2.01 EPS and FY2019 earnings at $2.14 EPS.

Separately, Zacks Investment Research raised Atlas Copco from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Thursday, October 19th.

Atlas Copco (ATLKY) opened at $41.58 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.45. Atlas Copco has a 1-year low of $29.95 and a 1-year high of $44.87. The stock has a market capitalization of $35,006.93, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Atlas Copco had a return on equity of 31.30% and a net margin of 13.17%.

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