NYSE:ATKRAtkore International Group Stock Price, Forecast & News

$27.56

+0.52 (+1.92 %)

(As of 06/2/2020 02:16 PM ET)

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Today's Range

$27.12

Now: $27.56▼

$27.71

50-Day Range

$20.54

MA: $23.60▼

$28.50

52-Week Range

$10.85

Now: $27.56▼

$43.50

Volume6,316 shs

Average Volume385,293 shs

Market Capitalization$1.30 billion

P/E Ratio8.61

Dividend YieldN/A

Beta1.96

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. It also provides MP&S products comprising metal framing and fittings, mechanical pipes, and barbed tapes, as well as construction services related to design, fabrication and installation, modular support structures, and fall protection. The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Heritage Plastics, Unistrut, Power-Strut, Cope, and Calpipe brands, as well as other sub-brands. It serves a group of end markets, including new construction; maintenance, repair, and remodel, as well as infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and government through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers. The company was founded in 1959 and is headquartered in Harvey, Illinois.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Atkore International Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.33, Atkore International Group has a potential downside of 8.1% from its current price of $27.56.
Amount of Analyst Coverage
Atkore International Group has only been the subject of 3 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Atkore International Group has received 312 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Atkore International Group has received 294 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Atkore International Group has received 51.49% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Atkore International Group and other stocks. Vote “Outperform” if you believe ATKR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ATKR will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Atkore International Group does not currently pay a dividend.
Dividend Growth
Atkore International Group does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Atkore International Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $980,379.00 in company stock.
Percentage Held by Insiders
Only 1.78% of the stock of Atkore International Group is held by insiders.
Percentage Held by Institutions
97.41% of the stock of Atkore International Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Atkore International Group is 8.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Atkore International Group is 8.61, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.75.
Price to Book Value per Share Ratio
Atkore International Group has a P/B Ratio of 5.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.17 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Miscellaneous electrical machinery, equipment, & supplies

Sub-IndustryN/A

SectorIndustrial Products

Current SymbolNYSE:ATKR

Previous SymbolNASDAQ:ATKR

CUSIPN/A

CIK1666138

Webwww.atkore.com

Phone708-339-1610

Debt

Debt-to-Equity Ratio2.86

Current Ratio2.91

Quick Ratio1.95

Price-To-Earnings

Trailing P/E Ratio8.61

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.92 billion

Price / Sales0.68

Cash Flow$4.68 per share

Price / Cash Flow5.89

Book Value$4.98 per share

Price / Book5.53

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$139.05 million

Net Margins8.25%

Return on Equity62.42%

Return on Assets10.71%

Miscellaneous

Employees3,900

Outstanding Shares47,190,000

Market Cap$1.30 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Atkore International Group (NYSE:ATKR) Frequently Asked Questions

How has Atkore International Group's stock been impacted by COVID-19 (Coronavirus)?

Atkore International Group's stock was trading at $34.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ATKR shares have decreased by 21.2% and is now trading at $27.56. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Atkore International Group?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atkore International Group in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Atkore International Group.

When is Atkore International Group's next earnings date?

Atkore International Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Atkore International Group.

How were Atkore International Group's earnings last quarter?

Atkore International Group Inc (NYSE:ATKR) posted its quarterly earnings results on Tuesday, May, 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. The firm had revenue of $455.60 million for the quarter, compared to the consensus estimate of $459.39 million. Atkore International Group had a return on equity of 62.42% and a net margin of 8.25%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. View Atkore International Group's earnings history.

What guidance has Atkore International Group issued on next quarter's earnings?

Atkore International Group updated its FY 2020 Pre-Market earnings guidance on Tuesday, May, 5th. The company provided earnings per share (EPS) guidance of 3.08-3.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.30. The company issued revenue guidance of $1.629-1.725 billion, compared to the consensus revenue estimate of $1.8 billion.

What price target have analysts set for ATKR?

3 equities research analysts have issued twelve-month price targets for Atkore International Group's stock. Their forecasts range from $23.00 to $27.00. On average, they expect Atkore International Group's stock price to reach $25.33 in the next year. This suggests that the stock has a possible downside of 8.1%. View analysts' price targets for Atkore International Group.

Has Atkore International Group been receiving favorable news coverage?

News articles about ATKR stock have been trending positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Atkore International Group earned a news sentiment score of 2.6 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutAtkore International Group.

Who are some of Atkore International Group's key competitors?

Some companies that are related to Atkore International Group include CAE (CAE), Novanta (NOVT), Energizer (ENR), Integer (ITGR), Spectrum Brands (SPB), FuelCell Energy (FCEL), Ultralife (ULBI), Flux Power (FLUX), Security Devices International (SDEV), Sono-Tek (SOTK), CBAK Energy Technology (CBAT), Polar Power (POLA), Manhattan Scientifics (MHTX), Environmental Tectonics (ETCC) and mPhase Technologies (XDSL). View all competitors.

What other stocks do shareholders of Atkore International Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Atkore International Group investors own include Advanced Micro Devices (AMD), Alibaba Group (BABA), NVIDIA (NVDA), General Electric (GE), Intel (INTC), Altria Group (MO), AT&T (T), Verizon Communications (VZ), AbbVie (ABBV) and JD.Com (JD).

Who are Atkore International Group's key executives?

Atkore International Group's management team includes the following people:

Mr. William E. Waltz Jr., Pres, CEO & Director (Age 55)
Mr. David P. Johnson, VP & CFO (Age 51)
Mr. Daniel S. Kelly Esq., VP, Gen. Counsel & Sec. (Age 59)
Mr. Peter J. Lariviere, Pres of Cable Solutions (Age 57)
Mr. Lee Paree, VP of Information Technology

When did Atkore International Group IPO?

(ATKR) raised $252 million in an initial public offering (IPO) on Friday, June 10th 2016. The company issued 12,000,000 shares at $20.00-$22.00 per share. Credit Suisse, Deutsche Bank Securities, J.P. Morgan and UBS Investment Bank served as the underwriters for the IPO and Citigroup, RBC Capital Markets and Wells Fargo Securities were co-managers.

What is Atkore International Group's stock symbol?

Atkore International Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATKR."

Who are Atkore International Group's major shareholders?

Atkore International Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.19%), Wells Fargo & Company MN (4.34%), Robeco Institutional Asset Management B.V. (2.48%), Nuveen Asset Management LLC (2.48%), State Street Corp (2.07%) and Geode Capital Management LLC (1.67%). Company insiders that own Atkore International Group stock include Daniel S Kelly, John Patrick Williamson, Kevin P Fitzpatrick, Mark F Lamps, Michael J Schulte, Peter J Lariviere and William E Jr Waltz. View institutional ownership trends for Atkore International Group.

Which institutional investors are selling Atkore International Group stock?

ATKR stock was sold by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Deutsche Bank AG, Nuveen Asset Management LLC, JPMorgan Chase & Co., AQR Capital Management LLC, Invesco Ltd., Parametric Portfolio Associates LLC, and New York State Common Retirement Fund. Company insiders that have sold Atkore International Group company stock in the last year include Daniel S Kelly, Mark F Lamps, Peter J Lariviere, and William E Jr Waltz. View insider buying and selling activity for Atkore International Group.

Which institutional investors are buying Atkore International Group stock?

ATKR stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Principal Financial Group Inc., Wells Fargo & Company MN, Silvercrest Asset Management Group LLC, Matarin Capital Management LLC, Peregrine Capital Management LLC, BlackRock Inc., and Schroder Investment Management Group. View insider buying and selling activity for Atkore International Group.

How do I buy shares of Atkore International Group?

Shares of ATKR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Atkore International Group's stock price today?

One share of ATKR stock can currently be purchased for approximately $27.56.

How big of a company is Atkore International Group?

Atkore International Group has a market capitalization of $1.30 billion and generates $1.92 billion in revenue each year. Atkore International Group employs 3,900 workers across the globe.

What is Atkore International Group's official website?

The official website for Atkore International Group is www.atkore.com.

How can I contact Atkore International Group?

Atkore International Group's mailing address is 16100 SOUTH LATHROP AVENUE, HARVEY IL, 60426. The company can be reached via phone at 708-339-1610 or via email at [email protected]

This page was last updated on 6/2/2020 by MarketBeat.com Staff