Atkore International Group (NYSE:ATKR) Issues FY 2021 Pre-Market Earnings Guidance

Atkore International Group (NYSE:ATKR) updated its FY 2021
Pre-Market earnings guidance on Thursday. The company provided EPS guidance of 3.95-4.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.50. Atkore International Group also updated its Q1 2021
Pre-Market guidance to 1.15-1.30 EPS.

Separately, TheStreet raised Atkore International Group from a c+ rating to a b rating in a report on Wednesday, August 5th.

Atkore International Group stock opened at $34.15 on Friday. The company has a quick ratio of 2.41, a current ratio of 3.29 and a debt-to-equity ratio of 2.61. Atkore International Group has a 52 week low of $10.85 and a 52 week high of $43.50. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 11.62 and a beta of 1.86. The stock has a 50-day moving average price of $23.81 and a 200 day moving average price of $25.94.

Atkore International Group (NYSE:ATKR) last released its earnings results on Wednesday, November 18th. The company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.50. Atkore International Group had a return on equity of 51.23% and a net margin of 8.05%.

In other news, insider Peter J. Lariviere sold 15,529 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $26.02, for a total value of $404,064.58. Following the completion of the sale, the insider now directly owns 63,192 shares in the company, valued at $1,644,255.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter J. Lariviere sold 17,233 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $25.93, for a total value of $446,851.69. Following the sale, the insider now owns 63,192 shares of the company’s stock, valued at $1,638,568.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,862 shares of company stock valued at $853,506. 1.78% of the stock is owned by company insiders.

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.

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