Atkore International Group (ATKR) Scheduled to Post Quarterly Earnings on Tuesday

Atkore International Group (NYSE:ATKR) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, August 4th. Atkore International Group has set its FY 2020
Pre-Market guidance at 3.08-3.26 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Atkore International Group (NYSE:ATKR) last announced its earnings results on Tuesday, May 5th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $455.60 million for the quarter, compared to the consensus estimate of $459.39 million. Atkore International Group had a return on equity of 62.42% and a net margin of 8.25%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS.

Shares of NYSE:ATKR opened at $26.67 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of 8.23 and a beta of 1.95. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.95 and a current ratio of 2.91. Atkore International Group has a one year low of $10.85 and a one year high of $43.50. The business’s 50-day simple moving average is $26.56 and its 200 day simple moving average is $29.41.

In other news, VP Daniel S. Kelly sold 11,412 shares of Atkore International Group stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $29.13, for a total value of $332,431.56. Following the completion of the transaction, the vice president now owns 55,541 shares in the company, valued at approximately $1,617,909.33. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Daniel S. Kelly sold 33,522 shares of Atkore International Group stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $28.12, for a total value of $942,638.64. Following the completion of the transaction, the vice president now owns 77,651 shares of the company’s stock, valued at approximately $2,183,546.12. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on ATKR shares. Credit Suisse Group lifted their price objective on Atkore International Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. TheStreet downgraded Atkore International Group from a “b-” rating to a “c+” rating in a report on Monday, April 6th. Citigroup lifted their price objective on Atkore International Group from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Royal Bank of Canada restated a “hold” rating and set a $23.00 price objective on shares of Atkore International Group in a report on Wednesday, April 22nd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.50.

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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Earnings History for Atkore International Group (NYSE:ATKR)

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