Atkore International Group (NYSE:ATKR) Earning Positive Press Coverage, Accern Reports

News articles about Atkore International Group (NYSE:ATKR) have trended positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 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 news sentiment score of 0.49 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.3382966658239 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

NYSE:ATKR traded down $0.54 during mid-day trading on Friday, reaching $18.85. The company’s stock had a trading volume of 525,929 shares, compared to its average volume of 374,036. The company has a current ratio of 2.45, a quick ratio of 1.39 and a debt-to-equity ratio of 1.36. Atkore International Group has a twelve month low of $15.05 and a twelve month high of $26.80. The firm has a market cap of $1,233.34, a price-to-earnings ratio of 14.84, a PEG ratio of 1.08 and a beta of 1.62.

Atkore International Group (NYSE:ATKR) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.09. Atkore International Group had a return on equity of 26.99% and a net margin of 5.97%. The firm had revenue of $414.60 million for the quarter, compared to analyst estimates of $382.89 million. During the same period last year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. research analysts forecast that Atkore International Group will post 1.8 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on the company. TheStreet upgraded Atkore International Group from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Citigroup increased their price objective on Atkore International Group from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research raised Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 price objective on the stock in a research note on Thursday, February 8th. Finally, UBS started coverage on Atkore International Group in a research note on Tuesday, January 23rd. They set a “hold” rating and a $23.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Atkore International Group currently has an average rating of “Buy” and a consensus price target of $23.80.

In other news, VP James A. Mallak sold 87,700 shares of Atkore International Group 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 transaction, the vice president now directly owns 165,323 shares of the company’s stock, valued at approximately $3,542,871.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 196,872 shares in the company, valued at $4,134,312. The disclosure for this sale can be found here. Insiders sold a total of 23,109,924 shares of company stock worth $500,173,870 over the last ninety days. 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.

Insider Buying and Selling by Quarter for Atkore International Group (NYSE:ATKR)

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