Atkore International Group Inc (ATKR) Issues FY17 Earnings Guidance
Atkore International Group Inc (NASDAQ:ATKR) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $1.37-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.57.
A number of equities research analysts have commented on the company. Royal Bank Of Canada reissued a buy rating and set a $31.00 price target on shares of Atkore International Group in a report on Tuesday, April 11th. Zacks Investment Research cut 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) traded down 23.27% during midday trading on Tuesday, hitting $15.86. The stock had a trading volume of 1,037,395 shares. The firm has a 50 day moving average price of $22.11 and a 200-day moving average price of $24.26. The stock has a market cap of $1.01 billion and a PE ratio of 14.06. Atkore International Group Inc has a 52-week low of $15.05 and a 52-week high of $27.30.
Atkore International Group (NASDAQ:ATKR) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. The company had revenue of $397.70 million during the quarter, compared to the consensus estimate of $424.49 million. Atkore International Group had a net margin of 5.08% and a return on equity of 25.87%. The company’s revenue was up .5% on a year-over-year basis. Equities analysts predict 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 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 completion of the sale, the insider now owns 201,625 shares in the company, valued at approximately $4,391,392.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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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