Atkore International Group (ATKR) Releases FY18 Earnings Guidance
Atkore International Group (NYSE:ATKR) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.95-2.15 for the period, compared to the Thomson Reuters consensus estimate of $1.91. Atkore International Group also updated its Q1 guidance to $0.42-0.48 EPS.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Atkore International Group from a sell rating to a hold rating in a research report on Thursday. Citigroup set a $26.00 price target on shares of Atkore International Group and gave the stock a buy rating in a research report on Thursday, November 30th. Royal Bank of Canada reaffirmed a buy rating and set a $23.00 price target on shares of Atkore International Group in a research report on Friday, October 13th. UBS Group began coverage on shares of Atkore International Group in a research report on Tuesday, January 23rd. They set a hold rating and a $23.00 price target on the stock. Finally, TheStreet raised shares of Atkore International Group from a d+ rating to a c- rating in a research report on Wednesday, November 29th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $24.00.
Atkore International Group (NYSE ATKR) opened at $21.45 on Thursday. Atkore International Group has a 1 year low of $15.05 and a 1 year high of $27.06. The company has a market cap of $1,352.99, a PE ratio of 15.13, a P/E/G ratio of 1.45 and a beta of 1.25. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.44 and a current ratio of 2.39.
In other Atkore International Group news, VP Kevin P. Fitzpatrick sold 154,806 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $22.13, for a total value of $3,425,856.78. Following the transaction, the vice president now directly owns 58,223 shares of the company’s stock, valued at approximately $1,288,474.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Patrick Williamson sold 5,352 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $20.00, for a total transaction of $107,040.00. Following the completion of the transaction, the insider now directly owns 170,907 shares in the company, valued at $3,418,140. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,557,923 shares of company stock worth $382,032,981. Insiders own 68.80% of the company’s stock.
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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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