Atotech (NYSE:ATC) Releases Earnings Results, Misses Expectations By $0.06 EPS
Atotech (NYSE:ATC – Get Score) declared its quarterly earnings information on Monday. The corporation noted $.15 earnings for each share for the quarter, lacking the consensus estimate of $.21 by ($.06), Briefing.com stories. Atotech had a favourable return on equity of 4.43% and a adverse web margin of .01%. The enterprise experienced revenue of $386.50 million for the quarter, compared to the consensus estimate of $379.82 million. Throughout the identical quarter in the prior yr, the business gained ($.12) earnings for every share. Atotech’s quarterly income was up 5.8% compared to the exact same quarter previous year.
Shares of ATC stock traded up $.18 in the course of buying and selling hrs on Monday, reaching $22.81. The enterprise had a buying and selling volume of 16,857 shares, as opposed to its ordinary volume of 1,324,443. Atotech has a 12 thirty day period low of $20.85 and a 12 thirty day period higher of $26.67. The organization has a personal debt-to-fairness ratio of 1.84, a existing ratio of 1.80 and a quick ratio of 1.41. The business enterprise has a fifty working day simple shifting typical of $23.41 and a 200-working day simple shifting common of $24.20. The enterprise has a market cap of $4.44 billion, a rate-to-earnings ratio of -54.31 and a beta of .20.
Various hedge resources have lately bought and offered shares of ATC. Virtu Money LLC acquired a new stake in Atotech for the duration of the fourth quarter really worth $260,000. Schonfeld Strategic Advisors LLC purchased a new stake in Atotech all through the fourth quarter truly worth $293,000. Morgan Stanley ordered a new stake in Atotech in the next quarter truly worth $944,000. Credit rating Suisse AG improved its position in Atotech by 44.1% in the fourth quarter. Credit history Suisse AG now owns 123,943 shares of the company’s inventory well worth $3,163,000 after shopping for an further 37,941 shares all through the past quarter. Lastly, Cubist Systematic Tactics LLC bought a new stake in Atotech in the fourth quarter worth $1,000,000. Institutional traders have 95.41% of the company’s inventory.
Separately, Zacks Financial investment Analysis elevated Atotech from a “sell” score to a “hold” ranking in a report on Tuesday, February 1st. A person equities investigate analyst has rated the inventory with a provide score and 7 have offered a hold ranking to the enterprise. According to information from MarketBeat.com, the organization has a consensus rating of “Hold” and a consensus concentrate on rate of $25.83.
About Atotech (Get Ranking)
Atotech Confined, a chemical compounds technology enterprise, delivers specialty electroplating and surface area finishing options throughout the world. The enterprise operates in two segments, Electronics (EL) and Normal Steel Finishing (GMF). The EL phase manufactures and supplies chemistry, creation products, and expert services to the electronics industry, which incorporate printed circuit board producers, package deal substrate makers, and semiconductor companies.
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