Wednesday, February 1, 2023
Google search engine
HomeMarketResultsAtlas Corp. Plans Quarterly Dividend of $0.13 (NYSE:ATCO)

Atlas Corp. Plans Quarterly Dividend of $0.13 (NYSE:ATCO)


Atlas Corp. (NYSE:ATCOGet Rating) declared a quarterly dividend on Thursday, January fifth, Zacks experiences. Stockholders of document on Friday, January twentieth will probably be given a dividend of 0.125 per share on Monday, January thirtieth. This represents a $0.50 dividend on an annualized foundation and a dividend yield of three.26%. The ex-dividend date of this dividend is Thursday, January nineteenth.

Atlas has a dividend payout ratio of 27.3% indicating that its dividend is sufficiently coated by earnings. Equities analysts count on Atlas to earn $1.70 per share subsequent 12 months, which suggests the corporate ought to proceed to have the ability to cowl its $0.50 annual dividend with an anticipated future payout ratio of 29.4%.

Atlas Inventory Efficiency

ATCO stock opened at $15.35 on Friday. The corporate has a market cap of $3.80 billion, a P/E ratio of seven.45, a price-to-earnings-growth ratio of two.25 and a beta of 1.04. Atlas has a 1 12 months low of $10.13 and a 1 12 months excessive of $16.23. The corporate has a debt-to-equity ratio of 0.90, a present ratio of 0.66 and a fast ratio of 0.62. The inventory’s fifty day shifting common value is $15.31 and its 200-day shifting common value is $13.92.

Atlas (NYSE:ATCOGet Rating) final launched its quarterly earnings outcomes on Tuesday, November 1st. The corporate reported $0.39 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.40 by ($0.01). The agency had income of $439.60 million in the course of the quarter, in comparison with analysts’ expectations of $436.82 million. Atlas had a return on fairness of 12.25% and a web margin of 37.73%. On common, equities analysts forecast that Atlas will publish 1.56 earnings per share for the present 12 months.

Analyst Upgrades and Downgrades

Quite a lot of brokerages not too long ago commented on ATCO. BMO Capital Markets raised their goal value on Atlas from $14.45 to $15.50 and gave the inventory a “market carry out” ranking in a report on Thursday, November third. B. Riley minimize Atlas from a “purchase” ranking to a “impartial” ranking and decreased their goal value for the inventory from $18.00 to $15.50 in a report on Tuesday, November 1st. One analyst has rated the inventory with a promote ranking, three have given a maintain ranking and one has given a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat.com, the corporate presently has a mean ranking of “Maintain” and a mean value goal of $14.00.

Institutional Traders Weigh In On Atlas

Quite a lot of institutional traders and hedge funds have not too long ago purchased and bought shares of the enterprise. Capital Analysis World Traders elevated its holdings in shares of Atlas by 27.2% within the first quarter. Capital Analysis World Traders now owns 10,609,768 shares of the corporate’s inventory price $155,751,000 after buying an extra 2,266,500 shares over the last quarter. BlackRock Inc. elevated its holdings in shares of Atlas by 80.4% within the third quarter. BlackRock Inc. now owns 3,102,753 shares of the corporate’s inventory price $43,128,000 after buying an extra 1,383,282 shares over the last quarter. State Avenue Corp elevated its holdings in shares of Atlas by 140.5% within the third quarter. State Avenue Corp now owns 1,515,283 shares of the corporate’s inventory price $21,062,000 after buying an extra 885,101 shares over the last quarter. Balyasny Asset Administration LLC purchased a brand new stake in shares of Atlas within the third quarter price about $16,370,000. Lastly, Schwerin Boyle Capital Administration Inc. elevated its holdings in shares of Atlas by 8.8% within the first quarter. Schwerin Boyle Capital Administration Inc. now owns 584,250 shares of the corporate’s inventory price $8,577,000 after buying an extra 47,375 shares over the last quarter. 68.75% of the inventory is owned by institutional traders.

About Atlas

(Get Rating)

Atlas Corp. operates as an asset supervisor and operator of containerships. The corporate, by way of its subsidiaries, operates as an unbiased constitution proprietor and supervisor of containerships. The corporate charters its containerships underneath long-term and fixed-rate time charters to varied container liner firms.

Learn Extra

Dividend History for Atlas (NYSE:ATCO)

This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than you think about Atlas, you may need to hear this.

MarketBeat retains observe of Wall Avenue’s top-rated and greatest performing analysis analysts and the shares they advocate to their shoppers every day. MarketBeat has recognized the five stocks that high analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Atlas wasn’t on the listing.

Whereas Atlas presently has a “Maintain” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.

View The Five Stocks Here

20 Stocks to Sell Now

MarketBeat has simply launched its listing of 20 shares that Wall Avenue analysts hate. These firms might seem to have good fundamentals, however high analysts odor one thing critically rotten. Are any of those firms lurking round your portfolio? Discover out by coming into your e mail tackle under.

Get This Free Report

20 Stocks to Sell Now Cover



Source link

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments