Atkore (NYSE:ATKR) Updates Q1 2025 Earnings Guidance

Atkore (NYSE:ATKR) updated its first quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.450-1.650 for the period, compared to the consensus EPS 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 Performance

NYSE:ATKR opened at $84.56 on Friday. The firm’s fifty day simple moving average is $87.74 and its 200-day simple moving average is $113.93. 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 stock has a market cap of $3.03 billion, a PE ratio of 5.94 and a beta of 2.13. Atkore has a fifty-two week low of $76.01 and a fifty-two week high of $194.98.

Atkore Announces Dividend

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 given a dividend of $0.32 per share. The ex-dividend date is Friday, December 6th. This represents a $1.28 annualized dividend and a yield of 1.51%. Atkore’s payout ratio is currently 8.99%.

Analyst Ratings Changes

ATKR has been the subject of a number of research reports. KeyCorp reduced their price target on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Royal Bank of Canada cut Atkore from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $175.00 to $100.00 in a report on Wednesday, August 7th. B. Riley lowered Atkore from a “buy” rating to a “neutral” rating and lowered their target price for the company from $135.00 to $84.00 in a report on Friday. Finally, Loop Capital cut their price target on Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Atkore currently has an average rating of “Hold” and an average target price of $118.40.

Insider Buying and Selling at Atkore

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