Atkore International Group (ATKR) Earns Daily Media Sentiment Score of 0.41

Press coverage about Atkore International Group (NASDAQ:ATKR) has trended positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atkore International Group earned a coverage optimism score of 0.41 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.28401562126 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Atkore International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Citigroup Inc. restated a “buy” rating and issued a $22.00 price objective (down from $28.00) on shares of Atkore International Group in a research report on Thursday, August 10th. Credit Suisse Group upgraded shares of Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $20.00 price objective on shares of Atkore International Group in a research report on Wednesday, August 9th.

Shares of Atkore International Group (NASDAQ:ATKR) opened at 16.15 on Friday. The company has a market capitalization of $1.03 billion and a price-to-earnings ratio of 13.33. The firm’s 50-day moving average is $20.70 and its 200 day moving average is $23.63. Atkore International Group has a 12 month low of $15.05 and a 12 month high of $27.30.

Atkore International Group (NASDAQ:ATKR) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $397.70 million during the quarter, compared to analyst estimates of $424.49 million. Atkore International Group’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts expect that Atkore International Group will post $1.43 EPS for the current year.

In other Atkore International Group news, insider John Patrick Williamson sold 70,000 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $21.78, for a total transaction of $1,524,600.00. Following the completion of the sale, the insider now directly owns 201,625 shares of the company’s stock, valued at approximately $4,391,392.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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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.