Media coverage about Atkore International Group (NYSE:ATKR) has been trending positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. 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 0.29 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.132877835415 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Atkore International Group (ATKR) Tops Q2 EPS by 17c, Beats on Revenues; Boosts FY18 EPS Guidance (streetinsider.com)
- Atkore International Group Inc. Announces Secondary Public Offering of Common Stock by Selling Stockholders (finance.yahoo.com)
- Insider Selling: Atkore International Group (ATKR) CEO Sells 35,290 Shares of Stock (americanbankingnews.com)
- Insider Selling: Atkore International Group (ATKR) Insider Sells 118,988 Shares of Stock (americanbankingnews.com)
- Atkore International Group (ATKR) Downgraded by Zacks Investment Research (americanbankingnews.com)
Several equities research analysts have issued reports on the company. Citigroup raised their target price on Atkore International Group from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. UBS began coverage on Atkore International Group in a research note on Tuesday, January 23rd. They issued a “hold” rating and a $23.00 price objective for the company. Zacks Investment Research raised Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 price objective for the company in a research note on Thursday, February 8th. Finally, TheStreet raised Atkore International Group from a “d+” rating to a “c” rating in a research note on Wednesday, February 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $23.60.
Atkore International Group (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.22. Atkore International Group had a return on equity of 40.89% and a net margin of 7.14%. The business had revenue of $445.00 million during the quarter, compared to analysts’ expectations of $415.21 million. During the same period in the previous year, the firm posted $0.35 earnings per share. research analysts anticipate that Atkore International Group will post 1.79 EPS for the current year.
In related news, insider John Patrick Williamson sold 3,760 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $21.00, for a total transaction of $78,960.00. Following the completion of the transaction, the insider now directly owns 196,872 shares of the company’s stock, valued at approximately $4,134,312. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Allied Holdings L.P. Cd&R sold 5,792,925 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $21.27, for a total value of $123,215,514.75. The disclosure for this sale can be found here. Insiders sold 6,038,663 shares of company stock valued at $128,414,914 over the last ninety days. Insiders own 68.80% of the company’s stock.
About Atkore International Group
Atkore International Group Inc manufactures and distributes electrical raceway products in the United States and internationally. The company's electrical raceway products include electrical conduits and fittings, armored cable and fittings, cable trays and mounting systems, and fittings for the non-residential construction, renovation markets, and mechanical products and solutions (MP&S) for the construction, and industrial markets.
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