Media coverage about Atkore International Group (NASDAQ:ATKR) has trended positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atkore International Group earned a media sentiment score of 0.44 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.1018965027365 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Atkore International Group (NASDAQ ATKR) opened at 16.31 on Friday. Atkore International Group has a 12 month low of $15.05 and a 12 month high of $27.30. The stock has a market capitalization of $1.05 billion and a P/E ratio of 13.46. The firm’s 50-day moving average is $20.52 and its 200 day moving average is $23.56.
Atkore International Group (NASDAQ:ATKR) last released its earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Atkore International Group had a net margin of 6.91% and a return on equity of 33.89%. The firm had revenue of $397.70 million during the quarter, compared to analyst estimates of $424.49 million. The business’s revenue was up .5% on a year-over-year basis. On average, equities analysts anticipate that Atkore International Group will post $1.43 earnings per share for the current year.
A number of research firms recently commented on ATKR. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $20.00 target price on shares of Atkore International Group in a research report on Wednesday, August 9th. Citigroup Inc. reissued a “buy” rating and set a $22.00 price objective (down from $28.00) on shares of Atkore International Group in a research report on Thursday, August 10th. Credit Suisse Group raised shares of Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of Atkore International Group from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th.
In other news, insider John Patrick Williamson sold 70,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $21.78, for a total transaction of $1,524,600.00. Following the completion of the transaction, the insider now owns 201,625 shares in the company, valued at $4,391,392.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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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