News articles about Atkore International Group (NYSE:ATKR) have been trending positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Atkore International Group earned a news sentiment score of 0.49 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.3382966658239 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Atkore International Group (NYSE ATKR) opened at $20.56 on Friday. Atkore International Group has a fifty-two week low of $15.05 and a fifty-two week high of $26.80. The company has a current ratio of 2.45, a quick ratio of 1.39 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1,308.40, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.14 and a beta of 1.42.
Atkore International Group (NYSE:ATKR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. The business had revenue of $414.60 million during the quarter, compared to analyst estimates of $382.89 million. Atkore International Group had a return on equity of 26.99% and a net margin of 5.97%. Atkore International Group’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. equities research analysts expect that Atkore International Group will post 1.8 EPS for the current fiscal year.
Several analysts have issued reports on ATKR shares. Citigroup boosted their price target on Atkore International Group from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. TheStreet raised Atkore International Group from a “d+” rating to a “c” rating in a report on Wednesday, February 14th. Zacks Investment Research raised Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 price target for the company in a report on Thursday, February 8th. Finally, UBS Group started coverage on Atkore International Group in a report on Tuesday, January 23rd. They set a “hold” rating and a $23.00 price target for the company. 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 currently has an average rating of “Buy” and an average price target of $23.80.
In other news, VP James A. Mallak sold 87,700 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $21.43, for a total value of $1,879,411.00. Following the completion of the transaction, the vice president now owns 165,323 shares of the company’s stock, valued at $3,542,871.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Allied Holdings L.P. Cd&R sold 17,225,539 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $21.77, for a total value of $374,999,984.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,109,924 shares of company stock valued at $500,173,870. Corporate insiders own 68.80% of the company’s stock.
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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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