NYSE:ATKRAtkore International Group Stock Price, Forecast & News

Atkore International Group's stock was trading at $34.97 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ATKR shares have decreased by 11.5% and is now trading at $30.94.
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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."
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Atkore International Group is scheduled to release its next quarterly earnings announcement on Friday, November 27th 2020.
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Atkore International Group Inc (NYSE:ATKR) released its quarterly earnings data on Tuesday, August, 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.19. The business earned $384.90 million during the quarter, compared to the consensus estimate of $364.64 million. Atkore International Group had a net margin of 8.05% and a return on equity of 51.23%. The firm's quarterly revenue was down 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 EPS.
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Atkore International Group issued an update on its FY20 earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of $3.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.12. The company issued revenue guidance of $1.724 billion, compared to the consensus revenue estimate of $1.69 billion.

3 analysts have issued twelve-month target prices for Atkore International Group's shares. Their forecasts range from $23.00 to $27.00. On average, they anticipate Atkore International Group's stock price to reach $25.33 in the next year. This suggests that the stock has a possible downside of 18.1%.
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News headlines about ATKR stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Atkore International Group earned a media sentiment score of -1.6 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days.
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Atkore International Group saw a increase in short interest in May. As of May 29th, there was short interest totaling 769,400 shares, an increase of 15.2% from the May 14th total of 667,600 shares. Based on an average trading volume of 497,200 shares, the short-interest ratio is currently 1.5 days.
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Some companies that are related to Atkore International Group include CAE (CAE), Novanta (NOVT), Energizer (ENR), Spectrum Brands (SPB), Integer (ITGR), FuelCell Energy (FCEL), Security Devices International (SDEV), Ultralife (ULBI), CBAK Energy Technology (CBAT), Sono-Tek (SOTK), Flux Power (FLUX), Polar Power (POLA), Evans & Sutherland Computer (ESCC), Manhattan Scientifics (MHTX) and Environmental Tectonics (ETCC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Atkore International Group investors own include Advanced Micro Devices (AMD), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Altria Group (MO), General Electric (GE), Square (SQ) and AT&T (T).

(ATKR) raised $252 million in an IPO on Friday, June 10th 2016. The company issued 12,000,000 shares at a price of $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.

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

Atkore International Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.11%), FMR LLC (8.07%), Macquarie Group Ltd. (4.36%), LSV Asset Management (3.73%), Prudential Financial Inc. (3.16%) and Principal Financial Group Inc. (1.64%). Company insiders that own Atkore International Group stock include Daniel S Kelly, John Patrick Williamson, Mark F Lamps, Michael J Schulte, Peter J Lariviere and William E Jr Waltz.
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ATKR stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Van Den Berg Management I Inc., Vanguard Group Inc., AJO LP, Dalton Greiner Hartman Maher & Co., Goldman Sachs Group Inc., First Trust Advisors LP, and State of Wisconsin Investment Board. 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.
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ATKR stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Principal Financial Group Inc., Teacher Retirement System of Texas, Ziegler Capital Management LLC, Macquarie Group Ltd., Victory Capital Management Inc., Clark Capital Management Group Inc., and LSV Asset Management.
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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.

One share of ATKR stock can currently be purchased for approximately $30.94.

Atkore International Group has a market capitalization of $1.46 billion and generates $1.92 billion in revenue each year. Atkore International Group employs 3,900 workers across the globe.

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

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]