Atkore (NYSE:ATKR) Releases FY 2025 Earnings Guidance

Atkore (NYSE:ATKR - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 5.750-6.850 for the period, compared to the consensus EPS estimate of 6.090. The company issued revenue guidance of $2.9 billion-$3.0 billion, compared to the consensus revenue estimate of $2.9 billion. Atkore also updated its Q2 2025 guidance to 2.010-2.080 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Atkore from $64.00 to $65.00 and gave the company a "sector perform" rating in a research note on Tuesday. KeyCorp reduced their price objective on Atkore from $80.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Citigroup decreased their price objective on Atkore from $78.00 to $66.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Loop Capital downgraded Atkore from a "buy" rating to a "hold" rating and cut their target price for the company from $115.00 to $65.00 in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Atkore Trading Up 4.2 %

ATKR stock traded up $2.58 during trading on Thursday, hitting $64.58. The company had a trading volume of 306,053 shares, compared to its average volume of 698,198. Atkore has a 52-week low of $49.92 and a 52-week high of $185.42. The company has a 50 day simple moving average of $61.59 and a 200-day simple moving average of $77.15. The firm has a market capitalization of $2.24 billion, a P/E ratio of 6.25 and a beta of 2.02. The company has a quick ratio of 1.96, a current ratio of 3.03 and a debt-to-equity ratio of 0.51.

Atkore (NYSE:ATKR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.45. The firm had revenue of $661.60 million during the quarter, compared to analyst estimates of $680.77 million. Atkore had a return on equity of 25.69% and a net margin of 12.42%. Atkore's quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.12 earnings per share. As a group, research analysts forecast that Atkore will post 5.79 earnings per share for the current fiscal year.

Atkore Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were 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 was Tuesday, February 18th. Atkore's payout ratio is 12.39%.

Insider Activity

In other news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $65.00, for a total value of $32,500.00. Following the transaction, the insider now owns 33,760 shares of the company's stock, valued at $2,194,400. The trade was a 1.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.99% 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.