Atco Ltd. (TSE:ACO) Expected to Earn Q2 2024 Earnings of $0.82 Per Share

Atco Ltd. (TSE:ACO) – Equities research analysts at National Bank Financial issued their Q2 2024 earnings per share estimates for shares of Atco in a research report issued to clients and investors on Wednesday, July 24th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $0.82 per share for the quarter.

Atco (TSE:ACO) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$1.32 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.26 by C$0.06. The business had revenue of C$1.32 billion during the quarter.

Separately, Scotiabank cut Atco from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 13th.

Atco Price Performance

Atco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 5th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.96 dividend on an annualized basis and a dividend yield of ∞.

About Atco

Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.