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Atkore International Group (NYSE:ATKR) Releases Q1 2020 Pre-Market Earnings Guidance

Atkore International Group (NYSE:ATKR) issued an update on its first quarter 2020
Pre-Market earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $$0.80-0.85 for the period, compared to the Thomson Reuters consensus estimate of $$0.79. Atkore International Group also updated its FY 2020
Pre-Market guidance to $$3.80-3.90 EPS.

Shares of NYSE:ATKR traded up $1.23 during trading on Monday, hitting $41.95. 16,630 shares of the company traded hands, compared to its average volume of 409,019. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 14.79 and a beta of 1.78. The business’s fifty day moving average is $34.41 and its 200-day moving average is $28.77. Atkore International Group has a one year low of $17.75 and a one year high of $41.39. The company has a quick ratio of 1.73, a current ratio of 2.57 and a debt-to-equity ratio of 4.37.

Several equities analysts have recently commented on ATKR shares. Zacks Investment Research raised Atkore International Group from a hold rating to a buy rating and set a $34.00 target price for the company in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an outperform rating and set a $46.00 target price on shares of Atkore International Group in a report on Monday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $32.75.

In other news, insider Mark F. Lamps sold 2,005 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $37.51, for a total transaction of $75,207.55. Following the completion of the transaction, the insider now directly owns 14,025 shares in the company, valued at $526,077.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.03% of the stock is currently owned by corporate insiders.

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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