Atkore (NYSE:ATKR) Issues FY25 Earnings Guidance

Atkore (NYSE:ATKR) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $7.80-8.90 for the period, compared to the consensus EPS 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 research analysts have recently issued reports on the company. Loop Capital decreased their target price on Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada cut their price target on Atkore from $99.00 to $93.00 and set a “sector perform” rating for the company in a research note on Friday. KeyCorp cut their price target on Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Finally, B. Riley downgraded Atkore from a “buy” rating to a “neutral” rating and cut their price target for the stock from $135.00 to $84.00 in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Atkore has an average rating of “Hold” and an average price target of $117.00.

Atkore Stock Up 5.3 %

Shares of NYSE ATKR opened at $89.69 on Friday. Atkore has a 52 week low of $76.01 and a 52 week high of $194.98. The business has a 50-day simple moving average of $87.80 and a two-hundred day simple moving average of $113.33. 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 company has a market cap of $3.22 billion, a P/E ratio of 7.08 and a beta of 2.13.

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be paid a $0.32 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.28 annualized dividend and a yield of 1.43%. Atkore’s dividend payout ratio is currently 10.13%.

Insiders Place Their Bets

In other Atkore news, insider Mark F. Lamps sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 $2,667,290.30. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.56% of the stock is owned by corporate 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.