Atkore International Group (NYSE:ATKR) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.25-3.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.20. Atkore International Group also updated its FY19 guidance to $3.25-3.40 EPS.
Shares of ATKR traded down $0.09 during mid-day trading on Friday, hitting $23.39. 309,200 shares of the company’s stock traded hands, compared to its average volume of 309,636. 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 has a 1 year low of $17.47 and a 1 year high of $28.67. The stock has a market capitalization of $1.09 billion, a PE ratio of 9.43 and a beta of 1.97.
Atkore International Group (NYSE:ATKR) last posted its earnings results on Tuesday, May 7th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.18. Atkore International Group had a return on equity of 103.17% and a net margin of 6.51%. The firm had revenue of $469.30 million for the quarter, compared to analysts’ expectations of $478.77 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Atkore International Group will post 2.73 EPS for the current fiscal year.
WARNING: This story was published by Rockland Register and is owned by of Rockland Register. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://rocklandregister.com/2019/05/31/atkore-international-group-atkr-releases-fy-2019-earnings-guidance.html.
About Atkore International Group
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.
See Also: What is a short straddle?
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.