Favorable Media Coverage Somewhat Unlikely to Impact Atkore International Group (ATKR) Stock Price

Media stories about Atkore International Group (NYSE:ATKR) have been trending positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atkore International Group earned a news impact score of 0.35 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.7698115039087 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

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

Atkore International Group (NYSE:ATKR) traded up $0.11 on Friday, hitting $20.96. 153,981 shares of the company were exchanged, compared to its average volume of 364,302. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.44 and a current ratio of 2.45. Atkore International Group has a 1-year low of $15.05 and a 1-year high of $27.06. The company has a market cap of $1,364.37, a PE ratio of 14.89, a P/E/G ratio of 1.46 and a beta of 1.25.

Atkore International Group (NYSE:ATKR) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.09. Atkore International Group had a net margin of 5.97% and a return on equity of 26.99%. The business had revenue of $414.60 million during the quarter, compared to analysts’ expectations of $382.89 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. research analysts predict that Atkore International Group will post 1.47 earnings per share for the current year.

ATKR has been the topic of a number of recent research reports. BidaskClub downgraded Atkore International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Zacks Investment Research upgraded shares of Atkore International Group from a “sell” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada reiterated a “buy” rating and set a $23.00 target price on shares of Atkore International Group in a research report on Friday, October 13th. Citigroup set a $26.00 target price on shares of Atkore International Group and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, TheStreet upgraded shares of Atkore International Group from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $24.00.

In related news, insider John Patrick Williamson sold 70,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $20.79, for a total value of $1,455,300.00. Following the completion of the transaction, the insider now directly owns 262,172 shares of the company’s stock, valued at approximately $5,450,555.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Allied Holdings L.P. Cd&R sold 17,225,539 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $21.77, for a total transaction of $374,999,984.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,557,923 shares of company stock valued at $382,032,981. 68.80% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Atkore International Group (NYSE:ATKR)

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