Atlas Corp. (NYSE:ATCO) Expected to Announce Earnings of $0.40 Per Share

Equities research analysts predict that Atlas Corp. (NYSE:ATCOGet Rating) will report earnings per share of $0.40 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Atlas’ earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.36. Atlas posted earnings of $0.31 per share during the same quarter last year, which would indicate a positive year over year growth rate of 29%. The business is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Atlas will report full-year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.45 to $2.10. For the next year, analysts forecast that the firm will post earnings of $1.91 per share, with EPS estimates ranging from $1.50 to $2.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Atlas.

Atlas (NYSE:ATCOGet Rating) last issued its earnings results on Tuesday, February 15th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.06). The firm had revenue of $428.20 million during the quarter, compared to the consensus estimate of $437.17 million. Atlas had a return on equity of 13.39% and a net margin of 24.32%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share.

Several brokerages recently commented on ATCO. Zacks Investment Research cut Atlas from a “buy” rating to a “hold” rating in a research report on Monday, February 21st. Bank of America cut Atlas from a “neutral” rating to an “underperform” rating and set a $14.50 price objective for the company. in a report on Thursday, February 17th. Finally, TheStreet cut Atlas from a “b-” rating to a “c+” rating in a report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.30.

Shares of ATCO stock opened at $13.19 on Friday. The stock has a market cap of $3.27 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 1.60 and a beta of 1.05. Atlas has a one year low of $12.35 and a one year high of $16.49. The stock has a fifty day moving average price of $14.52 and a 200 day moving average price of $14.37. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.47 and a quick ratio of 0.43.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 2nd. Investors of record on Wednesday, April 20th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, April 19th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.79%. Atlas’s dividend payout ratio is 39.37%.

Several institutional investors have recently added to or reduced their stakes in ATCO. Citigroup Inc. raised its holdings in shares of Atlas by 147.0% in the fourth quarter. Citigroup Inc. now owns 3,181 shares of the company’s stock valued at $45,000 after buying an additional 1,893 shares during the last quarter. Marshall Wace LLP acquired a new stake in Atlas in the fourth quarter worth about $64,000. Asset Management One Co. Ltd. acquired a new stake in Atlas in the fourth quarter worth about $113,000. SPC Financial Inc. acquired a new stake in Atlas in the fourth quarter worth about $145,000. Finally, EP Wealth Advisors LLC acquired a new stake in Atlas in the fourth quarter worth about $160,000. 75.31% of the stock is owned by institutional investors and hedge funds.

Atlas Company Profile (Get Rating)

Atlas Corp. operates as an asset manager and operator. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships. The company charters its containerships under long-term and fixed-rate time charters to various container liner companies. As of March 10, 2020, it operated a fleet of 118 containerships.

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