Atkore International Group (ATKR) Earns News Impact Rating of 0.43

News headlines about Atkore International Group (NASDAQ:ATKR) have been trending positive on Sunday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atkore International Group earned a daily sentiment score of 0.43 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.8975429634211 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Shares of Atkore International Group (NASDAQ ATKR) traded up 0.46% on Friday, reaching $19.62. 336,065 shares of the company traded hands. The stock has a market capitalization of $1.26 billion and a P/E ratio of 16.19. The stock’s 50 day moving average price is $19.16 and its 200-day moving average price is $19.16. Atkore International Group has a one year low of $15.05 and a one year high of $27.30.

Atkore International Group (NASDAQ:ATKR) last announced its earnings results on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $424.49 million. The business’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts forecast that Atkore International Group will post $1.42 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of Atkore International Group from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Royal Bank Of Canada reissued a “buy” rating and set a $23.00 target price on shares of Atkore International Group in a research note on Friday, October 13th. UBS AG lowered shares of Atkore International Group from a “buy” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $21.00 in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Citigroup Inc. reissued a “buy” rating and set a $23.00 target price (up from $22.00) on shares of Atkore International Group in a research note on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.25.

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In other news, CFO James A. Mallak sold 21,867 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $20.00, for a total transaction of $437,340.00. Following the sale, the chief financial officer now owns 93,855 shares in the company, valued at approximately $1,877,100. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Patrick Williamson sold 56,007 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $20.00, for a total transaction of $1,120,140.00. Following the sale, the insider now owns 179,091 shares in the company, valued at approximately $3,581,820. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 169,367 shares of company stock worth $3,387,340.

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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