Brokerages expect that Atkore International Group Inc (NYSE:ATKR) will post $513.90 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Atkore International Group’s earnings, with estimates ranging from $506.20 million to $521.60 million. Atkore International Group posted sales of $477.57 million in the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The company is expected to issue its next earnings report on Wednesday, November 27th.
According to Zacks, analysts expect that Atkore International Group will report full-year sales of $1.96 billion for the current financial year, with estimates ranging from $1.92 billion to $1.99 billion. For the next financial year, analysts expect that the company will post sales of $2.00 billion, with estimates ranging from $1.95 billion to $2.05 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Atkore International Group.
Atkore International Group (NYSE:ATKR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.23. Atkore International Group had a return on equity of 82.84% and a net margin of 6.65%. The company had revenue of $493.49 million during the quarter, compared to analysts’ expectations of $528.63 million. During the same period in the prior year, the business earned $0.86 earnings per share. Atkore International Group’s revenue for the quarter was down .9% compared to the same quarter last year.
In other news, insider Peter J. Lariviere sold 9,640 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $24.66, for a total value of $237,722.40. Following the completion of the sale, the insider now directly owns 122,082 shares in the company, valued at $3,010,542.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.03% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in Atkore International Group during the second quarter worth about $46,000. Point72 Hong Kong Ltd bought a new position in Atkore International Group during the second quarter worth about $75,000. Denali Advisors LLC bought a new position in Atkore International Group during the first quarter worth about $82,000. DekaBank Deutsche Girozentrale bought a new position in Atkore International Group during the second quarter worth about $95,000. Finally, First Hawaiian Bank boosted its holdings in Atkore International Group by 40.9% during the first quarter. First Hawaiian Bank now owns 5,453 shares of the company’s stock worth $117,000 after buying an additional 1,584 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.
Shares of ATKR traded down $0.25 during mid-day trading on Friday, hitting $28.17. The company’s stock had a trading volume of 12,207 shares, compared to its average volume of 388,622. The business has a 50-day moving average of $26.55. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.57 and a quick ratio of 1.73. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.36 and a beta of 1.81. Atkore International Group has a one year low of $17.47 and a one year high of $30.27.
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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