Media stories about Atkore International Group (NYSE:ATKR) have trended positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Atkore International Group earned a coverage optimism score of 0.49 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.3130581983583 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of ATKR stock opened at $20.69 on Wednesday. The firm has a market cap of $1,315.39, a PE ratio of 14.67, a P/E/G ratio of 1.15 and a beta of 1.42. Atkore International Group has a 52-week low of $15.05 and a 52-week high of $26.80. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.45 and a quick ratio of 1.39.
Atkore International Group (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. The firm had revenue of $414.60 million for the quarter, compared to the consensus estimate of $382.89 million. Atkore International Group had a net margin of 5.97% and a return on equity of 26.99%. Atkore International Group’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. equities analysts predict that Atkore International Group will post 1.8 earnings per share for the current year.
ATKR has been the topic of a number of recent research reports. UBS initiated coverage on shares of Atkore International Group in a research report on Tuesday, January 23rd. They issued a “hold” rating and a $23.00 price target on the stock. TheStreet upgraded shares of Atkore International Group from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. Citigroup raised their price target on shares of Atkore International Group to $27.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Zacks Investment Research upgraded shares of Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 price target on the stock in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Atkore International Group presently has a consensus rating of “Buy” and an average target price of $23.80.
In related news, insider John Patrick Williamson sold 3,760 shares of Atkore International Group stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $21.00, for a total value of $78,960.00. Following the sale, the insider now directly owns 196,872 shares in the company, valued at approximately $4,134,312. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Allied Holdings L.P. Cd&R sold 5,792,925 shares of Atkore International Group stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $21.27, for a total transaction of $123,215,514.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,109,924 shares of company stock worth $500,173,870. 51.00% of the stock is currently owned by insiders.
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About Atkore International Group
Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.
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