Atkore (NYSE:ATKR) Updates Q1 Earnings Guidance

Atkore (NYSE:ATKR) updated its first quarter earnings guidance on Thursday. 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

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

Atkore Stock Performance

NYSE:ATKR opened at $84.08 on Thursday. The company has a fifty day moving average of $87.75 and a 200-day moving average of $114.14. Atkore has a twelve month low of $80.11 and a twelve month high of $194.98. The firm has a market capitalization of $3.02 billion, a P/E ratio of 5.90 and a beta of 2.13. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, December 6th. Atkore’s dividend payout ratio (DPR) is currently 8.99%.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred 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 owns 27,626 shares of the company’s stock, valued at $2,667,290.30. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.56% of the stock is owned by company insiders.

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.