Atkore (NYSE:ATKR) Issues FY25 Earnings Guidance

Atkore (NYSE:ATKR) issued an update on its FY25 earnings guidance on Thursday morning. 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.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. B. Riley cut shares of Atkore from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $135.00 to $84.00 in a research report on Friday. Royal Bank of Canada reduced their target price on Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a report on Friday. Loop Capital dropped their price target on Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday. Finally, KeyCorp reduced their price objective on Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.00.

Atkore Stock Performance

Shares of ATKR stock opened at $89.47 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average of $87.74 and a two-hundred day moving average of $113.93. The company has a market cap of $3.21 billion, a P/E ratio of 7.08 and a beta of 2.13. Atkore has a 52 week low of $76.01 and a 52 week high of $194.98.

Atkore Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a yield of 1.43%. Atkore’s payout ratio is currently 10.13%.

Insiders Place Their Bets

In other news, insider Mark F. Lamps sold 500 shares of the business’s 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 completion of the transaction, the insider now directly owns 27,626 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. 2.56% of the stock is 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.