Atkore International Group Inc (NASDAQ:ATKR) Updates FY17 Earnings Guidance
Atkore International Group Inc (NASDAQ:ATKR) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.37-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.57.
Several research firms have recently weighed in on ATKR. Royal Bank Of Canada reissued a buy rating and issued a $31.00 target price on shares of Atkore International Group in a report on Tuesday, April 11th. Zacks Investment Research downgraded Atkore International Group from a buy rating to a hold rating in a report on Tuesday, May 2nd.
Shares of Atkore International Group Inc (NASDAQ:ATKR) opened at 15.73 on Tuesday. Atkore International Group Inc has a 1-year low of $15.05 and a 1-year high of $27.30. The firm’s 50-day moving average price is $22.11 and its 200 day moving average price is $24.26. The stock has a market capitalization of $997.69 million and a P/E ratio of 13.95.
Atkore International Group (NASDAQ:ATKR) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. The business had revenue of $397.70 million during the quarter, compared to the consensus estimate of $424.49 million. Atkore International Group had a return on equity of 25.87% and a net margin of 5.08%. Atkore International Group’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts expect that Atkore International Group Inc will post $1.57 EPS for the current fiscal year.
In other Atkore International Group news, insider John Patrick Williamson sold 70,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $21.78, for a total value of $1,524,600.00. Following the transaction, the insider now owns 201,625 shares of the company’s stock, valued at $4,391,392.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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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