Atkore (NYSE:ATKR) Updates FY25 Earnings Guidance

Atkore (NYSE:ATKR) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $7.80-8.90 for the period, compared to the consensus earnings per share estimate of $11.67. The company issued revenue guidance of $2.9-3.2 billion, compared to the consensus revenue estimate of $3.04 billion. Atkore also updated its FY 2025 guidance to 7.800-8.900 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ATKR. Royal Bank of Canada cut their price objective on Atkore from $99.00 to $93.00 and set a “sector perform” rating for the company in a report on Friday. B. Riley cut Atkore from a “buy” rating to a “neutral” rating and dropped their target price for the company from $135.00 to $84.00 in a report on Friday. 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. Finally, Loop Capital dropped their target price on Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.00.

Atkore Trading Up 5.3 %

ATKR opened at $89.69 on Friday. The business has a 50 day simple moving average of $87.80 and a two-hundred day simple moving average of $113.33. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 7.08 and a beta of 2.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03. Atkore has a one year low of $76.01 and a one year high of $194.98.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, December 6th. Atkore’s payout ratio is 10.13%.

Insider Buying and Selling at Atkore

In other news, 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 transaction, the insider now owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. This represents a 1.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.56% of the stock is currently owned by corporate insiders.

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.