News coverage about Atkore International Group (NYSE:ATKR) has trended positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. 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 media sentiment score of 0.40 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.1681158026457 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Atkore International Group (NYSE ATKR) traded down $0.04 during mid-day trading on Friday, reaching $21.69. The company had a trading volume of 211,944 shares, compared to its average volume of 197,495. The stock has a market cap of $1,378.37, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.48 and a beta of 1.10. Atkore International Group has a one year low of $15.05 and a one year high of $27.30. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.39 and a quick ratio of 1.44.
Atkore International Group (NYSE:ATKR) last announced 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. Atkore International Group had a return on equity of 26.22% and a net margin of 5.63%. The firm had revenue of $395.80 million during the quarter, compared to analyst estimates of $394.49 million. During the same quarter in the previous year, the business earned $0.35 EPS. Atkore International Group’s revenue for the quarter was down 4.9% compared to the same quarter last year. equities analysts predict that Atkore International Group will post 1.47 earnings per share for the current year.
ATKR has been the topic of several research reports. TheStreet raised Atkore International Group from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. BidaskClub cut Atkore International Group from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Citigroup set a $26.00 target price on Atkore International Group and gave the company a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research raised Atkore International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $23.00 price objective on shares of Atkore International Group in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $23.00.
In other Atkore International Group news, CFO James A. Mallak sold 21,867 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $20.00, for a total value of $437,340.00. Following the sale, the chief financial officer now owns 93,855 shares of the company’s stock, valued at $1,877,100. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kevin P. Fitzpatrick sold 154,806 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.13, for a total value of $3,425,856.78. Following the completion of the sale, the vice president now directly owns 58,223 shares in the company, valued at approximately $1,288,474.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 501,650 shares of company stock worth $10,418,317. 68.80% of the stock is currently owned by insiders.
Atkore International Group Company Profile
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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