Atkore (NYSE:ATKR) Updates Q1 2025 Earnings Guidance

Atkore (NYSE:ATKR) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.450-1.650 for the period, compared to the consensus estimate of 2.720. The company issued revenue guidance of -. Atkore also updated its FY 2025 guidance to 7.800-8.900 EPS.

Atkore Stock Up 0.5 %

Shares of ATKR opened at $84.56 on Friday. The firm has a market cap of $3.03 billion, a P/E ratio of 5.94 and a beta of 2.13. Atkore has a 12 month low of $76.01 and a 12 month high of $194.98. The stock’s 50 day moving average is $87.74 and its two-hundred day moving average is $113.93. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49.

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a yield of 1.51%. Atkore’s payout ratio is currently 8.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Royal Bank of Canada cut Atkore from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $175.00 to $100.00 in a report on Wednesday, August 7th. Loop Capital lowered their price objective on Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research note 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. Finally, KeyCorp reduced their price target on Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Four investment 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, Atkore has an average rating of “Hold” and a consensus target price of $118.40.

Insider Buying and Selling at Atkore

In related news, insider Mark F. Lamps sold 500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the transaction, the insider now owns 27,626 shares in the company, valued at $2,667,290.30. The trade was a 1.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.56% of the stock is owned by company 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.