Atkore International Group (ATKR) Earning Positive Press Coverage, Analysis Shows
Headlines about Atkore International Group (NYSE:ATKR) have been trending positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atkore International Group earned a daily sentiment score of 0.36 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.5533378818483 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Atkore International Group (ATKR) opened at $21.89 on Wednesday. The stock has a market capitalization of $1,382.18, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.21 and a beta of 1.25. Atkore International Group has a twelve month low of $15.05 and a twelve month high of $27.06. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.39 and a current ratio of 2.45.
Atkore International Group (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.09. The company had revenue of $414.60 million during the quarter, compared to analysts’ expectations of $382.89 million. Atkore International Group had a return on equity of 26.99% and a net margin of 5.97%. The business’s revenue was up 22.8% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. equities research analysts anticipate that Atkore International Group will post 1.8 EPS for the current year.
In other news, CFO James A. Mallak sold 9,575 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $20.01, for a total value of $191,595.75. Following the completion of the sale, the chief financial officer now directly owns 81,563 shares in the company, valued at $1,632,075.63. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kevin P. Fitzpatrick sold 154,806 shares of the firm’s stock in a transaction 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 owns 58,223 shares of the company’s stock, valued at $1,288,474.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,557,923 shares of company stock valued at $382,032,981. Company insiders own 51.00% of the company’s stock.
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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