Atkore (NYSE:ATKR) Issues FY 2025 Earnings Guidance

Atkore (NYSE:ATKR) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 7.800-8.900 for the period, compared to the consensus estimate of 11.670. The company issued revenue guidance of $2.9 billion-$3.2 billion, compared to the consensus revenue estimate of $3.0 billion. Atkore also updated its FY25 guidance to $7.80-8.90 EPS.

Atkore Price Performance

ATKR stock opened at $89.69 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26. The firm has a 50 day moving average price of $87.80 and a 200-day moving average price of $113.33. Atkore has a 52-week low of $76.01 and a 52-week high of $194.98. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 7.08 and a beta of 2.13.

Atkore Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 1.43%. The ex-dividend date is Friday, December 6th. Atkore’s payout ratio is 10.13%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ATKR shares. Royal Bank of Canada reduced their price target on Atkore from $99.00 to $93.00 and set a “sector perform” rating for the company in a report on Friday. B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $135.00 to $84.00 in a research note on Friday. Loop Capital decreased their target price on shares of Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday. Finally, KeyCorp cut their price target on shares of 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. According to MarketBeat.com, Atkore presently has a consensus rating of “Hold” and an average price target of $117.00.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were 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 in the company, valued at $2,667,290.30. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.