Atkore (NYSE:ATKR) Issues Quarterly Earnings Results, Beats Estimates By $0.45 EPS

Atkore (NYSE:ATKR - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.45, Zacks reports. Atkore had a return on equity of 32.14% and a net margin of 14.77%. The business had revenue of $661.60 million during the quarter, compared to analysts' expectations of $680.77 million. During the same quarter in the previous year, the business earned $4.12 earnings per share. The firm's quarterly revenue was down 17.1% compared to the same quarter last year. Atkore updated its FY 2025 guidance to 5.750-6.850 EPS and its Q2 2025 guidance to 1.300-1.500 EPS.

Atkore Stock Performance

Atkore stock traded down $0.27 during midday trading on Friday, hitting $65.30. The stock had a trading volume of 791,079 shares, compared to its average volume of 733,848. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50. The firm's fifty day moving average is $84.05 and its two-hundred day moving average is $91.14. The company has a market capitalization of $2.27 billion, a PE ratio of 5.17 and a beta of 2.12. Atkore has a 52-week low of $62.62 and a 52-week high of $194.98.

Atkore Announces Dividend

The firm 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 dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, February 18th. Atkore's dividend payout ratio is presently 10.13%.

Insider Transactions at Atkore

In other Atkore news, VP Daniel S. Kelly sold 13,071 shares of the firm's stock in a transaction that occurred on 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 transaction, the vice president now owns 27,528 shares in the company, valued at $2,635,530.72. This trade represents a 32.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeri L. Isbell sold 3,353 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $94.03, for a total value of $315,282.59. Following the sale, the director now directly owns 25,585 shares in the company, valued at $2,405,757.55. This trade represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,924 shares of company stock valued at $1,614,975 over the last 90 days. Company insiders own 1.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Roth Mkm assumed coverage on Atkore in a research report on Tuesday, December 17th. They issued a "buy" rating and a $100.00 price target for the company. B. Riley downgraded shares of Atkore from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $135.00 to $84.00 in a research note on Friday, November 22nd. Loop Capital reduced their price target on shares of Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $102.00 price objective (up from $93.00) on shares of Atkore in a research report on Wednesday, December 4th. Finally, KeyCorp reduced their target price on Atkore from $105.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Atkore currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.50.

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.