Atkore (NYSE:ATKR) Issues Q1 Earnings Guidance

Atkore (NYSE:ATKR) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.45-1.65 for the period, compared to the consensus EPS estimate of $2.72. Atkore also updated its FY 2025 guidance to 7.800-8.900 EPS.

Analysts Set New Price Targets

A number of research analysts recently commented on ATKR shares. Loop Capital reduced their target price on Atkore from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. B. Riley lowered their price target on shares of Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. KeyCorp dropped their price objective on Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Finally, Royal Bank of Canada lowered shares of Atkore from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $175.00 to $100.00 in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.60.

Atkore Stock Performance

Shares of Atkore stock opened at $84.08 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 5.90 and a beta of 2.13. Atkore has a 1 year low of $80.11 and a 1 year high of $194.98. The firm’s 50-day moving average is $87.75 and its 200 day moving average is $114.14.

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, December 6th. Atkore’s dividend payout ratio is currently 8.99%.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the completion of the sale, the insider now directly owns 27,626 shares in the company, valued at $2,667,290.30. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.56% of the company’s stock.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.