Atkore (NYSE:ATKR) Announces Quarterly Earnings Results

Atkore (NYSE:ATKR) issued its quarterly earnings data on Tuesday. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.45, Zacks reports. The company had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $680.77 million. Atkore had a return on equity of 32.14% and a net margin of 14.77%. The business’s revenue was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.12 earnings per share. Atkore updated its FY 2025 guidance to 5.750-6.850 EPS and its Q2 2025 guidance to 1.300-1.500 EPS.

Atkore Trading Up 2.2 %

ATKR opened at $65.54 on Thursday. The company has a fifty day moving average price of $85.16 and a two-hundred day moving average price of $91.50. Atkore has a 1-year low of $62.62 and a 1-year high of $194.98. The company has a market cap of $2.28 billion, a P/E ratio of 5.19 and a beta of 2.12. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50.

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, February 18th. Atkore’s dividend payout ratio is presently 10.13%.

Insider Transactions at Atkore

In other Atkore news, VP Daniel S. Kelly sold 13,071 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $95.74, for a total value of $1,251,417.54. Following the transaction, the vice president now directly owns 27,528 shares of the company’s stock, valued at approximately $2,635,530.72. This trade represents a 32.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark F. Lamps sold 500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the sale, the insider now directly owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,924 shares of company stock valued at $1,614,975 in the last 90 days. 1.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ATKR has been the topic of several recent research reports. KeyCorp lowered their price objective on Atkore from $105.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday. Roth Mkm assumed coverage on shares of Atkore in a report on Tuesday, December 17th. They issued a “buy” rating and a $100.00 price objective for the company. B. Riley cut shares of Atkore from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $135.00 to $84.00 in a report on Friday, November 22nd. Loop Capital reduced their price objective on shares of Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Roth Capital upgraded shares of Atkore to a “strong-buy” rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.50.

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.