$0.34 EPS Expected for Atkore International Group Inc (ATKR) This Quarter

Equities research analysts expect Atkore International Group Inc (NYSE:ATKR) to post earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Atkore International Group’s earnings. Atkore International Group reported earnings of $0.28 per share in the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The firm is expected to announce its next earnings report on Tuesday, February 6th.

On average, analysts expect that Atkore International Group will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.59. For the next year, analysts forecast that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.60 to $1.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Atkore International Group.

Atkore International Group (NYSE:ATKR) last issued its quarterly earnings results on Wednesday, November 29th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $395.80 million during the quarter, compared to the consensus estimate of $394.49 million. Atkore International Group had a return on equity of 26.22% and a net margin of 5.63%. Atkore International Group’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS.

A number of equities analysts have weighed in on ATKR shares. TheStreet raised shares of Atkore International Group from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. BidaskClub lowered shares of Atkore International Group from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Citigroup set a $26.00 price objective on shares of Atkore International Group and gave the company a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research raised shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Atkore International Group in a research note on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.00.

Atkore International Group (NYSE:ATKR) traded up $0.09 during trading hours on Tuesday, reaching $21.45. 213,404 shares of the company’s stock were exchanged, compared to its average volume of 412,426. The company has a current ratio of 2.39, a quick ratio of 1.44 and a debt-to-equity ratio of 1.58. The stock has a market cap of $1,344.75, a PE ratio of 17.02, a P/E/G ratio of 1.44 and a beta of 1.09. Atkore International Group has a one year low of $15.05 and a one year high of $27.30.

In related news, VP James A. Mallak sold 77,856 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $20.00, for a total transaction of $1,557,120.00. Following the completion of the transaction, the vice president now owns 93,855 shares in the company, valued at $1,877,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin P. Fitzpatrick sold 154,806 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.13, for a total transaction of $3,425,856.78. Following the transaction, the vice president now owns 58,223 shares of the company’s stock, valued at approximately $1,288,474.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 501,751 shares of company stock valued at $10,420,337. Insiders own 68.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ATKR. Victory Capital Management Inc. grew its stake in Atkore International Group by 17.7% during the second quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock worth $133,000 after buying an additional 885 shares in the last quarter. Legal & General Group Plc boosted its position in Atkore International Group by 300.6% during the 2nd quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock worth $183,000 after buying an additional 6,108 shares during the period. Koch Industries Inc. acquired a new stake in Atkore International Group during the 2nd quarter worth approximately $205,000. Dynamic Technology Lab Private Ltd bought a new position in Atkore International Group during the 3rd quarter worth approximately $237,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Atkore International Group in the 3rd quarter valued at $314,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

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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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