Atkore (NYSE:ATKR - Get Free Report) updated its second quarter 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.300-1.500 for the period, compared to the consensus estimate of 2.080. The company issued revenue guidance of $685.0 million-$715.0 million, compared to the consensus revenue estimate of $735.2 million. Atkore also updated its FY 2025 guidance to 5.750-6.850 EPS.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. KeyCorp lowered their price target on shares of Atkore from $105.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday. Royal Bank of Canada reiterated a "sector perform" rating and set a $102.00 target price (up from $93.00) on shares of Atkore in a report on Wednesday, December 4th. Roth Capital raised Atkore to a "strong-buy" rating in a research report on Monday, December 16th. Loop Capital reduced their price objective on Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Finally, Roth Mkm assumed coverage on Atkore in a research note on Tuesday, December 17th. They set a "buy" rating and a $100.00 price objective for the company. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $111.50.
Read Our Latest Stock Report on Atkore
Atkore Stock Down 0.4 %
ATKR traded down $0.27 during trading on Friday, hitting $65.30. 791,079 shares of the company's stock traded hands, compared to its average volume of 733,848. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 5.17 and a beta of 2.12. The company's 50 day simple moving average is $84.05 and its two-hundred day simple moving average is $91.14. Atkore has a 12-month low of $62.62 and a 12-month high of $194.98. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50.
Atkore (NYSE:ATKR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.05 by $0.45. Atkore had a return on equity of 32.14% and a net margin of 14.77%. The company had revenue of $661.60 million for the quarter, compared to analysts' expectations of $680.77 million. During the same period last year, the firm posted $4.12 earnings per share. Atkore's revenue was down 17.1% compared to the same quarter last year. Analysts predict that Atkore will post 6.62 earnings per share for the current fiscal year.
Atkore Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $0.32 dividend. The ex-dividend date of this dividend 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 presently 10.13%.
Insider Activity
In other Atkore news, VP Daniel S. Kelly sold 13,071 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the completion of the sale, the vice president now directly owns 27,528 shares in the company, valued at $2,635,530.72. The trade was a 32.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark F. Lamps sold 500 shares of the company's 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 sale, the insider now directly owns 27,626 shares of the company's stock, valued at $2,667,290.30. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,924 shares of company stock valued at $1,614,975 over the last three months. Insiders own 1.99% of the company's stock.
Atkore Company Profile
(
Get Free Report)
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.
See Also
Before you consider Atkore, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atkore wasn't on the list.
While Atkore currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.