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.
COPYRIGHT VIOLATION NOTICE: “$0.34 EPS Expected for Atkore International Group Inc (ATKR) This Quarter” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/13/0-34-eps-expected-for-atkore-international-group-inc-atkr-this-quarter.html.
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.
Get a free copy of the Zacks research report on Atkore International Group (ATKR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Atkore International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore International Group and related companies with MarketBeat.com's FREE daily email newsletter.