Atkore (NYSE:ATKR) Posts Earnings Results, Beats Estimates By $0.45 EPS

Atkore (NYSE:ATKR) posted its quarterly earnings results on Tuesday. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.45, Zacks reports. Atkore had a return on equity of 32.14% and a net margin of 14.77%. The firm had revenue of $661.60 million during the quarter, compared to analyst estimates of $680.77 million. During the same period last year, the company earned $4.12 earnings per share. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. Atkore updated its FY 2025 guidance to 5.750-6.850 EPS and its Q2 2025 guidance to 1.300-1.500 EPS.

Atkore Price Performance

Shares of NYSE:ATKR traded up $0.68 during mid-day trading on Wednesday, reaching $64.81. The stock had a trading volume of 55,795 shares, compared to its average volume of 631,767. The company has a market cap of $2.25 billion, a P/E ratio of 5.17 and a beta of 2.12. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average price is $85.16 and its 200 day moving average price is $91.50. Atkore has a 1 year low of $62.62 and a 1 year high of $194.98.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, February 18th. Atkore’s dividend payout ratio is presently 10.13%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ATKR shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $102.00 price target (up from $93.00) on shares of Atkore in a report on Wednesday, December 4th. B. Riley lowered 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, November 22nd. Loop Capital cut their price objective on Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Roth Mkm began coverage on Atkore in a research note on Tuesday, December 17th. They issued a “buy” rating and a $100.00 target price for the company. Finally, Roth Capital upgraded Atkore to a “strong-buy” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.67.

Insider Buying and Selling

In related news, Director Jeri L. Isbell sold 3,353 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $94.03, for a total value of $315,282.59. Following the transaction, the director now directly owns 25,585 shares of the company’s stock, valued at $2,405,757.55. This represents a 11.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel S. Kelly sold 13,071 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the sale, the vice president now directly owns 27,528 shares in the company, valued at approximately $2,635,530.72. The trade was a 32.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,924 shares of company stock valued at $1,614,975. Company insiders own 1.99% of the company’s stock.

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.