Atlas (ATCO) Stock Price, News & Analysis

Atlas Corp. (NYSE:ATCO) announced its quarterly earnings results on Monday, November, 8th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.24. The business earned $451.90 million during the quarter, compared to analyst estimates of $409.15 million. Atlas had a trailing twelve-month return on equity of 12.16% and a net margin of 36.66%. The firm's revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS.

Atlas (NYSE:ATCO) pays an annual dividend of $0.50 per share and currently has a dividend yield of 3.23%. The dividend payout ratio is 25.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATCO will have a dividend payout ratio of 28.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATCO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atlas investors own include Brookfield Infrastructure Partners (BIP), Bank of America (BAC), Alibaba Group (BABA), Boeing (BA), Broadcom (AVGO), Activision Blizzard (ATVI), Ares Capital (ARCC), Apollo Investment (AINV), AGNC Investment (AGNC) and Abbott Laboratories (ABT).