Atkore International Group (NASDAQ: ATKR) Profit Outlook

Atkore International Group day trading at USD 21.87 per share, then rallying to 22.19 and closing at USD 21.92 per share. A net gain of 0.22% for the day. Long term pricing analysis shows the stock trading at 48.98% lower than it’s 52week high and 99.63% higher than the 52week low. The share volume traded for the day was 308K which was 0 times the 50 Day Average Volume.

Atkore International Group had a market cap of 1,034,350K as of 15th May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ 3.20.

Atkore International Group is manufacturers of Electrical Raceway products primarily for the non-residential construction and renovation markets and Mechanical Products & Solutions, or “MP&S,” for the construction and industrial markets.

Financial Results

Atkore International Group Reports Second Quarter Of Fiscal 2020.

  • Net sales decreased by $13.7 million, or 2.9%, to $455.7 million for the three months ended March 27, 2020, compared to $469.3 million for the three months ended March 29, 2019.
  • Gross profit increased by $14.5 million, or 12.4%, to $131.6 million for the three months ended March 27, 2020, as compared to $117.1 million for the prior-year period.
  • Net income increased by $9.6 million, or 32.6%, to $39.2 million for the three months ended March 27, 2020, compared to $29.6 million for the prior-year period primarily due to higher gross profit and lower interest expense.
  • Adjusted EBITDA increased by $9.9 million, or 12.9%, to $87.0 million for the three months ended March 27, 2020, compared to $77.1 million for the three months ended March 29, 2019.

Atkore International Group (15th May 2020): The Institutional Ownership as of today stood at 98.04%and the Total Value of Holdings (millions) is $ 996.

New Institutional Holders and other activity – As of today, the total number of shares held is 46,260,581 by 225 institutional holders.

LATEST NEWS:

8-May-2020:-  Atkore International Group (NYSE: ATKR) Announces Earnings Results

Atkore International Group (NYSE: ATKR) announced its quarterly earnings data on Tuesday. The company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.14, MarketWatch Earnings reports. Atkore International Group had a return on equity of 62.42% and a net margin of 8.25%.

8-May-2020:-  Permanent Link to Atkore International Group (NYSE: ATKR) Updates FY 2020 Pre-Market Earnings Guidance

Atkore International Group (NYSE: ATKR) updated its FY 2020 Pre-Market earnings guidance on Tuesday. The company provided earnings per share 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.

6-May-2020:-  Atkore International Group (NYSE: ATKR) Releases Earnings Results, Beats Expectations By $0.14 EPS

Atkore International Group (NYSE: ATKR) announced its earnings results on Tuesday. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.14, MarketWatch Earnings reports. Atkore International Group had a return on equity of 67.84% and a net margin of 7.68%.

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