Atkore International Group (ATKR) Getting Positive Media Coverage, Report Finds

Media coverage about Atkore International Group (NYSE:ATKR) has trended positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Atkore International Group earned a daily sentiment score of 0.47 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.9866712748961 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Atkore International Group (ATKR) opened at $19.41 on Monday. 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 1 year low of $15.05 and a 1 year high of $26.80. The firm has a market capitalization of $1,234.61, a price-to-earnings ratio of 13.77, a P/E/G ratio of 1.08 and a beta of 1.42.

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Atkore International Group (NYSE:ATKR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $414.60 million during the quarter, compared to the consensus estimate of $382.89 million. During the same period in the prior year, the company earned $0.28 EPS. Atkore International Group’s revenue for the quarter was up 22.8% on a year-over-year basis. analysts predict that Atkore International Group will post 1.8 earnings per share for the current year.

ATKR has been the topic of several analyst reports. Citigroup increased their target price on Atkore International Group from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. TheStreet upgraded Atkore International Group from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Zacks Investment Research upgraded Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 price objective for the company in a research report on Thursday, February 8th. Finally, UBS started coverage on Atkore International Group in a research report on Tuesday, January 23rd. They set a “hold” rating and a $23.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $23.80.

In other Atkore International Group news, insider John Patrick Williamson sold 3,760 shares of the stock in a transaction dated Monday, March 12th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James A. Mallak sold 87,700 shares of the stock in a transaction dated Thursday, March 1st. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,109,924 shares of company stock valued at $500,173,870. 51.00% of the stock is owned by corporate insiders.

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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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