Atkore (NYSE:ATKR) Updates FY 2025 Earnings Guidance

Atkore (NYSE:ATKR) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 7.800-8.900 for the period, compared to the consensus earnings per share 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 Trading Up 5.1 %

ATKR stock opened at $89.47 on Friday. The company has a market capitalization of $3.21 billion, a PE ratio of 7.08 and a beta of 2.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03. Atkore has a 12 month low of $76.01 and a 12 month high of $194.98. The firm’s 50-day moving average is $87.74 and its 200 day moving average is $113.93.

Atkore Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada reduced their price objective on Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a report on Friday. Loop Capital cut their price target on Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday. KeyCorp dropped their target price 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. Finally, B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and reduced their price target for the company from $135.00 to $84.00 in a report on Friday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $117.00.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the sale, the insider now directly owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. This trade represents a 1.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.56% of the company’s stock.

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.