News headlines about Atkore International Group (NYSE:ATKR) have been trending positive on Sunday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. 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 news impact score of 0.35 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.7493561577816 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Contrasting Atkore International Group (ATKR) and Itron (ITRI) (americanbankingnews.com)
- Atkore International Group Inc (ATKR) Shares Bought by First Trust Advisors LP (americanbankingnews.com)
- Wells Fargo & Company MN Acquires 199,937 Shares of Atkore International Group Inc (ATKR) (americanbankingnews.com)
- $426.41 Million in Sales Expected for Atkore International Group Inc (ATKR) This Quarter (americanbankingnews.com)
Several equities analysts recently commented on the company. Citigroup upped their target price on Atkore International Group to $27.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. TheStreet upgraded Atkore International Group from a “d+” rating to a “c” rating in a research note on Wednesday, February 14th. Zacks Investment Research upgraded Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a research note on Thursday, February 8th. Finally, UBS Group assumed coverage on Atkore International Group in a research note on Tuesday, January 23rd. They issued a “hold” rating and a $23.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $23.80.
Atkore International Group (NYSE:ATKR) last released its earnings results on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. The firm had revenue of $414.60 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. equities analysts predict that Atkore International Group will post 1.8 EPS for the current fiscal year.
In other Atkore International Group news, major shareholder Allied Holdings L.P. Cd&R sold 17,225,539 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $21.77, for a total transaction of $374,999,984.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Patrick Williamson sold 70,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $20.79, for a total value of $1,455,300.00. Following the sale, the insider now owns 262,172 shares of the company’s stock, valued at $5,450,555.88. The disclosure for this sale can be found here. Insiders have sold 23,176,164 shares of company stock valued at $501,550,210 over the last 90 days. 68.80% of the stock is currently owned by 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.
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