Wall Street brokerages expect Atkore International Group Inc (NYSE:ATKR) to announce earnings per share (EPS) of $0.77 for the current quarter, Zacks reports. Two analysts have issued estimates for Atkore International Group’s earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.77. Atkore International Group reported earnings of $0.63 per share during the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The firm is scheduled to report its next earnings report before the market opens on Tuesday, May 7th.

According to Zacks, analysts expect that Atkore International Group will report full year earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.15 to $3.28. For the next financial year, analysts forecast that the company will report earnings of $3.43 per share, with EPS estimates ranging from $3.25 to $3.60. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Atkore International Group.

Atkore International Group (NYSE:ATKR) last issued its earnings results on Tuesday, February 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Atkore International Group had a return on equity of 142.82% and a net margin of 7.28%. The firm had revenue of $452.03 million for the quarter, compared to the consensus estimate of $449.53 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year.

A number of brokerages have weighed in on ATKR. Credit Suisse Group began coverage on Atkore International Group in a research report on Thursday, February 21st. They issued a “neutral” rating and a $25.00 price target for the company. Zacks Investment Research cut Atkore International Group from a “buy” rating to a “hold” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $27.00.

Shares of NYSE ATKR opened at $24.11 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 7.07. Atkore International Group has a one year low of $17.47 and a one year high of $28.67. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.72 and a beta of 1.91.

In related news, insider Michael J. Schulte sold 57,291 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $24.22, for a total transaction of $1,387,588.02. Following the completion of the transaction, the insider now owns 188,202 shares of the company’s stock, valued at approximately $4,558,252.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.03% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Atkore International Group by 12.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,666,758 shares of the company’s stock valued at $123,810,000 after acquiring an additional 509,278 shares in the last quarter. Vanguard Group Inc raised its holdings in Atkore International Group by 12.2% in the 3rd quarter. Vanguard Group Inc now owns 4,666,758 shares of the company’s stock valued at $123,810,000 after acquiring an additional 509,278 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Atkore International Group by 1.8% in the 4th quarter. Macquarie Group Ltd. now owns 1,905,367 shares of the company’s stock valued at $37,802,000 after acquiring an additional 34,200 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Atkore International Group by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,342,518 shares of the company’s stock valued at $26,636,000 after acquiring an additional 41,883 shares in the last quarter. Finally, Investment Counselors of Maryland LLC raised its holdings in Atkore International Group by 9.0% in the 4th quarter. Investment Counselors of Maryland LLC now owns 1,084,915 shares of the company’s stock valued at $21,525,000 after acquiring an additional 89,526 shares in the last quarter. 97.89% of the stock is owned by hedge funds and other institutional investors.

Atkore International Group Company Profile

Atkore International Group Inc manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings.

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