Atkore International Group Inc (ATKR) Posts Earnings Results
Atkore International Group Inc (NASDAQ:ATKR) announced its quarterly earnings data on Tuesday. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $416.24 million for the quarter, compared to analysts’ expectations of $423.05 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year.
Shares of Atkore International Group (NASDAQ:ATKR) opened at 21.34 on Wednesday. Atkore International Group has a 52-week low of $14.17 and a 52-week high of $22.49. The company has a market capitalization of $1.33 billion and a P/E ratio of 82.71. The firm has a 50-day moving average of $19.78 and a 200 day moving average of $17.98.
Several hedge funds have recently made changes to their positions in ATKR. Credit Suisse AG increased its stake in shares of Atkore International Group by 26.2% in the third quarter. Credit Suisse AG now owns 68,007 shares of the company’s stock worth $1,275,000 after buying an additional 14,128 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Atkore International Group during the third quarter worth $314,000. Morgan Stanley increased its stake in shares of Atkore International Group by 40.4% in the third quarter. Morgan Stanley now owns 212,762 shares of the company’s stock worth $3,987,000 after buying an additional 61,183 shares in the last quarter. Northern Trust Corp purchased a new stake in shares of Atkore International Group during the third quarter worth $516,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Atkore International Group during the third quarter worth $482,000.
A number of brokerages recently commented on ATKR. Zacks Investment Research downgraded shares of Atkore International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Atkore International Group in a research report on Tuesday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Atkore International Group currently has an average rating of “Buy” and an average target price of $20.14.
Atkore International Group Company Profile
Atkore International Group Inc, located in the US, manufactures and wholesales galvanized steel tubes and pipes, electrical conduit, armored wire and cable, metal framing systems and building components. It is also a holding company.
Receive News & Ratings for Atkore International Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore International Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.