National Bank Financial Brokers Increase Earnings Estimates for Atco Ltd. (TSE:ACO)

Atco Ltd. (TSE:ACOFree Report) – National Bank Financial lifted their FY2024 EPS estimates for shares of Atco in a research note issued on Tuesday, August 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $4.27 per share for the year, up from their prior estimate of $4.16. National Bank Financial also issued estimates for Atco’s FY2025 earnings at $4.25 EPS.

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

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Atco Price Performance

Atco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 5th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.96 annualized dividend and a yield of ∞.

About Atco

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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.

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