Brokerages expect that Atkore International Group Inc (NYSE:ATKR) will post earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Atkore International Group’s earnings. Atkore International Group reported earnings per share of $0.28 during the same quarter last year, which suggests a positive year over year growth rate of 21.4%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, February 6th.

According to Zacks, analysts expect that Atkore International Group will report full year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.54 to $1.75. For the next year, analysts anticipate that the business will post earnings of $1.77 per share, with EPS estimates ranging from $1.68 to $1.85. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Atkore International Group.

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, beating the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $395.80 million during the quarter, compared to the consensus estimate of $394.49 million. Atkore International Group had a return on equity of 26.22% and a net margin of 5.63%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share.

A number of equities analysts recently issued reports on ATKR shares. UBS Group started coverage on Atkore International Group in a report on Tuesday, January 23rd. They issued a “hold” rating and a $23.00 price target for the company. TheStreet raised Atkore International Group from a “d+” rating to a “c-” rating in a report on Wednesday, November 29th. BidaskClub downgraded Atkore International Group from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Citigroup increased their price objective on Atkore International Group from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research raised 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’s stock. Atkore International Group presently has an average rating of “Buy” and a consensus target price of $24.00.

In other news, VP Kevin P. Fitzpatrick sold 154,806 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was 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 directly owns 58,223 shares of the company’s stock, valued at $1,288,474.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Patrick Williamson sold 5,352 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $20.00, for a total value of $107,040.00. Following the completion of the sale, the insider now directly owns 170,907 shares of the company’s stock, valued at $3,418,140. The disclosure for this sale can be found here. Insiders sold 332,384 shares of company stock valued at $7,032,997 over the last three months. Corporate insiders own 68.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ATKR. Schwab Charles Investment Management Inc. lifted its holdings in shares of Atkore International Group by 36.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 189,549 shares of the company’s stock worth $4,275,000 after purchasing an additional 50,720 shares during the period. Legal & General Group Plc lifted its holdings in shares of Atkore International Group by 300.6% during the second quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock worth $183,000 after purchasing an additional 6,108 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Atkore International Group by 29.0% during the second quarter. Teachers Advisors LLC now owns 181,571 shares of the company’s stock worth $4,094,000 after purchasing an additional 40,780 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of Atkore International Group by 17.0% during the second quarter. TIAA CREF Investment Management LLC now owns 310,523 shares of the company’s stock worth $7,002,000 after purchasing an additional 45,097 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Atkore International Group by 57.6% during the second quarter. Ameriprise Financial Inc. now owns 307,773 shares of the company’s stock worth $6,942,000 after purchasing an additional 112,523 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Atkore International Group (NYSE ATKR) opened at $24.23 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.39 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $1,530.60, a P/E ratio of 19.23, a P/E/G ratio of 1.64 and a beta of 1.10. Atkore International Group has a fifty-two week low of $15.05 and a fifty-two week high of $27.30.

ILLEGAL ACTIVITY WARNING: “” was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://theolympiareport.com/2018/01/29/448737.html.

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.

Get a free copy of the Zacks research report on Atkore International Group (ATKR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Atkore International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore International Group and related companies with MarketBeat.com's FREE daily email newsletter.