Analysts expect that Atkore International Group Inc (NYSE:ATKR) will report sales of $377.56 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Atkore International Group’s earnings. The lowest sales estimate is $372.70 million and the highest is $382.42 million. Atkore International Group posted sales of $337.59 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.8%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Atkore International Group will report full year sales of $377.56 million for the current financial year, with estimates ranging from $1.52 billion to $1.66 billion. For the next year, analysts forecast that the company will post sales of $1.68 billion per share, with estimates ranging from $1.68 billion to $1.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Atkore International Group.

Atkore International Group (NYSE:ATKR) last announced its earnings results on Wednesday, November 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Atkore International Group had a net margin of 5.63% and a return on equity of 26.22%. The company had revenue of $395.80 million for the quarter, compared to the consensus estimate of $394.49 million. During the same period in the previous year, the business earned $0.35 EPS. The company’s revenue was down 4.9% on a year-over-year basis.

ATKR has been the subject of a number of recent research reports. BidaskClub cut shares of 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 “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. UBS cut shares of Atkore International Group from a “buy” rating to a “neutral” rating and upped their price target for the company from $19.00 to $21.00 in a report on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating and set a $23.00 price target on shares of Atkore International Group in a report on Friday, October 13th. Finally, TheStreet cut shares of Atkore International Group from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Atkore International Group currently has a consensus rating of “Buy” and an average price target of $23.00.

In other news, CFO James A. Mallak sold 21,867 shares of the stock in a transaction that occurred 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 directly owns 93,855 shares of the company’s stock, valued at $1,877,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin P. Fitzpatrick sold 154,806 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.13, for a total transaction of $3,425,856.78. Following the sale, the vice president now directly owns 58,223 shares in the company, valued at $1,288,474.99. The disclosure for this sale can be found here. Insiders sold 431,751 shares of company stock valued at $8,965,037 in the last three months. Company insiders own 68.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ATKR. Macquarie Group Ltd. bought a new position in Atkore International Group in the second quarter valued at approximately $23,777,000. Van Den Berg Management I Inc. raised its holdings in Atkore International Group by 118.7% in the third quarter. Van Den Berg Management I Inc. now owns 1,373,035 shares of the company’s stock worth $26,788,000 after purchasing an additional 745,160 shares during the period. Lazard Asset Management LLC raised its holdings in Atkore International Group by 44.6% in the second quarter. Lazard Asset Management LLC now owns 2,047,049 shares of the company’s stock worth $46,160,000 after purchasing an additional 631,873 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Atkore International Group by 94.9% during the second quarter. Wells Fargo & Company MN now owns 1,272,105 shares of the company’s stock worth $28,686,000 after acquiring an additional 619,468 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Atkore International Group by 13.3% during the second quarter. Vanguard Group Inc. now owns 3,549,616 shares of the company’s stock worth $80,044,000 after acquiring an additional 417,268 shares during the period. 98.86% of the stock is currently owned by hedge funds and other institutional investors.

Atkore International Group (ATKR) traded down $0.03 during trading on Monday, hitting $21.04. 313,652 shares of the stock traded hands, compared to its average volume of 422,423. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.44 and a current ratio of 2.39. Atkore International Group has a fifty-two week low of $15.05 and a fifty-two week high of $27.30. The stock has a market cap of $1,329.32, a PE ratio of 16.72, a P/E/G ratio of 1.43 and a beta of 1.09.

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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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