Brokerages expect Atkore International Group Inc (NYSE:ATKR) to announce $513.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Atkore International Group’s earnings, with estimates ranging from $506.20 million to $521.60 million. Atkore International Group reported sales of $477.57 million during the same quarter last year, which indicates a positive year over year growth rate of 7.6%. The firm is expected to issue its next quarterly 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 forecast that the business will report sales of $2.00 billion, with estimates ranging from $1.95 billion to $2.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Atkore International Group.
Atkore International Group (NYSE:ATKR) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.23. The business had revenue of $493.49 million during the quarter, compared to analyst estimates of $528.63 million. Atkore International Group had a return on equity of 82.84% and a net margin of 6.65%. Atkore International Group’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS.
ATKR traded down $0.25 during midday trading on Friday, reaching $28.17. 12,207 shares of the company’s stock traded hands, compared to its average volume of 388,622. The firm has a fifty day moving average price of $26.55. The company has a market cap of $1.33 billion, a PE ratio of 11.36 and a beta of 1.81. The company has a quick ratio of 1.73, a current ratio of 2.57 and a debt-to-equity ratio of 4.37. Atkore International Group has a 52 week low of $17.47 and a 52 week high of $30.27.
In other Atkore International Group news, insider Peter J. Lariviere sold 9,640 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 122,082 shares in the company, valued at approximately $3,010,542.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.03% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new stake in shares of Atkore International Group in the 2nd quarter worth approximately $46,000. Point72 Hong Kong Ltd purchased a new stake in shares of Atkore International Group in the 2nd quarter worth approximately $75,000. Denali Advisors LLC purchased a new stake in shares of Atkore International Group in the 1st quarter worth approximately $82,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Atkore International Group in the 2nd quarter worth approximately $95,000. Finally, First Hawaiian Bank grew its stake in shares of Atkore International Group by 40.9% in the 1st 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. Hedge funds and other institutional investors own 96.90% of the company’s stock.
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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