Equities analysts predict that Atkore International Group Inc (NYSE:ATKR) will announce $531.60 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Atkore International Group’s earnings. The highest sales estimate is $549.60 million and the lowest is $513.59 million. Atkore International Group reported sales of $498.01 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The company is expected to report its next earnings results on Tuesday, August 6th.
On average, analysts expect that Atkore International Group will report full-year sales of $1.97 billion for the current financial year, with estimates ranging from $1.95 billion to $1.99 billion. For the next financial year, analysts anticipate that the company will report sales of $2.01 billion, with estimates ranging from $1.96 billion to $2.05 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Atkore International Group.
Atkore International Group (NYSE:ATKR) last issued its earnings results on Tuesday, May 7th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.65 by $0.18. The firm had revenue of $469.30 million during the quarter, compared to analysts’ expectations of $478.77 million. Atkore International Group had a return on equity of 103.17% and a net margin of 6.51%. Atkore International Group’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.63 earnings per share.
In other Atkore International Group news, insider Peter J. Lariviere sold 9,640 shares of Atkore International Group stock in a transaction on Friday, June 7th. The stock was sold at an average price of $24.66, for a total transaction of $237,722.40. Following the completion of the transaction, the insider now directly owns 122,082 shares of the company’s stock, valued at $3,010,542.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.03% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in ATKR. Wells Fargo & Company MN raised its holdings in shares of Atkore International Group by 11.6% in the first quarter. Wells Fargo & Company MN now owns 2,685,237 shares of the company’s stock valued at $57,813,000 after buying an additional 279,596 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Atkore International Group by 111.1% in the fourth quarter. Bank of America Corp DE now owns 408,001 shares of the company’s stock valued at $8,095,000 after buying an additional 214,742 shares during the last quarter. Norges Bank bought a new position in shares of Atkore International Group in the fourth quarter valued at about $2,074,000. Kennedy Capital Management Inc. bought a new position in shares of Atkore International Group in the first quarter valued at about $2,153,000. Finally, Phocas Financial Corp. raised its holdings in shares of Atkore International Group by 30.6% in the fourth quarter. Phocas Financial Corp. now owns 403,060 shares of the company’s stock valued at $7,997,000 after buying an additional 94,549 shares during the last quarter. 97.42% of the stock is owned by institutional investors and hedge funds.
Shares of ATKR stock opened at $25.47 on Wednesday. The company has a market capitalization of $1.18 billion, a PE ratio of 10.27 and a beta of 1.82. The business has a fifty day moving average price of $24.74. Atkore International Group has a one year low of $17.47 and a one year high of $28.67. The company has a debt-to-equity ratio of 5.58, a quick ratio of 1.66 and a current ratio of 2.53.
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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