Atkore (NYSE:ATKR) Updates 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.

Atkore Price Performance

ATKR stock opened at $82.41 on Thursday. Atkore has a 52 week low of $76.01 and a 52 week high of $194.98. The firm has a market capitalization of $2.96 billion, a P/E ratio of 5.90 and a beta of 2.13. The company has a fifty day simple moving average of $87.75 and a two-hundred day simple moving average of $114.14. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49.

Atkore Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.28 annualized dividend and a yield of 1.55%. Atkore’s dividend payout ratio is currently 8.99%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Atkore

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

Atkore Company Profile

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.