Atkore International Group (ATKR) Earns News Sentiment Score of 0.30
Media headlines about Atkore International Group (NYSE:ATKR) have been trending positive this week, according to Accern Sentiment. Accern identifies positive and negative media 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 closest to one being the most favorable. Atkore International Group earned a news impact score of 0.30 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.4703981083331 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Atkore International Group (ATKR) & Its Competitors Head-To-Head Survey (americanbankingnews.com)
- Comparing Atkore International Group (ATKR) and The Competition (americanbankingnews.com)
- Head-To-Head Comparison: Atkore International Group (ATKR) versus Its Rivals (americanbankingnews.com)
- Head-To-Head Comparison: Atkore International Group (ATKR) and Its Peers (americanbankingnews.com)
- Atkore International Group Inc. (ATKR) Insider John Patrick Williamson Sells 5,352 Shares (americanbankingnews.com)
A number of analysts have commented on the stock. Citigroup set a $26.00 price objective on shares of Atkore International Group and gave the company a “buy” rating in a report on Thursday, November 30th. TheStreet upgraded shares of Atkore International Group from a “d+” rating to a “c-” rating in a report on Wednesday, November 29th. BidaskClub upgraded shares of Atkore International Group from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. UBS downgraded shares of Atkore International Group from a “buy” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $21.00 in a report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Atkore International Group presently has a consensus rating of “Buy” and a consensus price target of $23.00.
Shares of Atkore International Group (NYSE:ATKR) opened at $21.21 on Thursday. The stock has a market cap of $1,328.06, a P/E ratio of 16.71 and a beta of 1.09. The company has a current ratio of 2.39, a quick ratio of 1.44 and a debt-to-equity ratio of 1.58. Atkore International Group has a 1-year low of $15.05 and a 1-year high of $27.30.
Atkore International Group (NYSE:ATKR) last announced its quarterly earnings results on Wednesday, November 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $395.80 million during the quarter, compared to the consensus estimate of $394.49 million. Atkore International Group had a net margin of 5.63% and a return on equity of 26.22%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS.
In related news, VP Kevin P. Fitzpatrick sold 154,806 shares of Atkore International Group stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 58,223 shares in the company, valued at approximately $1,288,474.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James A. Mallak sold 77,856 shares of Atkore International Group stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $20.00, for a total transaction of $1,557,120.00. Following the completion of the sale, the vice president now owns 93,855 shares of the company’s stock, valued at approximately $1,877,100. The disclosure for this sale can be found here. Insiders have sold a total of 431,751 shares of company stock valued at $8,965,037 in the last 90 days. Insiders own 68.80% of the company’s stock.
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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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