Atkore (NYSE:ATKR) Releases FY 2025 Earnings Guidance

Atkore (NYSE:ATKR - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 5.750-6.850 for the period, compared to the consensus EPS estimate of 8.380. The company issued revenue guidance of $2.9 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion. Atkore also updated its Q2 2025 guidance to 1.300-1.500 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ATKR shares. Loop Capital reduced their price objective on shares of Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Roth Mkm began coverage on Atkore in a research note on Tuesday, December 17th. They set a "buy" rating and a $100.00 price objective on the stock. Roth Capital upgraded Atkore to a "strong-buy" rating in a research note on Monday, December 16th. KeyCorp decreased their price target on Atkore from $105.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada reissued 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. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $111.50.

Atkore Price Performance

NYSE ATKR traded down $0.27 during trading on Friday, reaching $65.30. The company's stock had a trading volume of 791,079 shares, compared to its average volume of 733,848. The firm has a fifty day moving average of $84.05 and a 200 day moving average of $91.14. Atkore has a one year low of $62.62 and a one year high of $194.98. The stock has a market capitalization of $2.27 billion, a PE ratio of 5.17 and a beta of 2.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.98 and a quick ratio of 1.96.

Atkore (NYSE:ATKR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.45. Atkore had a net margin of 14.77% and a return on equity of 32.14%. The company had revenue of $661.60 million for the quarter, compared to analysts' expectations of $680.77 million. During the same period in the prior year, the business earned $4.12 earnings per share. Atkore's revenue for the quarter was down 17.1% compared to the same quarter last year. Analysts expect that Atkore will post 6.62 EPS for the current fiscal year.

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.96%. Atkore's dividend payout ratio is 10.13%.

Insider Buying and Selling

In other news, Director Jeri L. Isbell sold 3,353 shares of Atkore stock in a transaction dated 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 owns 25,585 shares in the company, valued at approximately $2,405,757.55. The trade was a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel S. Kelly sold 13,071 shares of Atkore stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total value of $1,251,417.54. Following the completion of the transaction, the vice president now directly owns 27,528 shares in the company, valued at $2,635,530.72. This trade represents a 32.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,924 shares of company stock worth $1,614,975 in the last quarter. 1.99% of the stock is owned by 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.