Atkore (ATKR) to Release Earnings on Tuesday

Atkore (NYSE:ATKR) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $3.22 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Atkore (NYSE:ATKR) last issued its earnings results on Thursday, February 1st. The company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $1.04. The business had revenue of $798.50 million during the quarter, compared to analysts’ expectations of $777.05 million. Atkore had a net margin of 18.80% and a return on equity of 46.79%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.51 earnings per share. On average, analysts expect Atkore to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Atkore Price Performance

Shares of NYSE ATKR opened at $176.25 on Monday. The firm has a 50-day simple moving average of $176.60 and a 200-day simple moving average of $154.88. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 10.57 and a beta of 2.19. The company has a quick ratio of 1.99, a current ratio of 2.96 and a debt-to-equity ratio of 0.51. Atkore has a 52 week low of $116.14 and a 52 week high of $194.98.

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Monday, May 20th. Atkore’s dividend payout ratio is currently 7.67%.

Wall Street Analyst Weigh In

ATKR has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $187.00 price objective on shares of Atkore in a report on Friday, March 22nd. StockNews.com raised shares of Atkore from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Finally, Citigroup upped their price objective on shares of Atkore from $176.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, April 8th.

Insiders Place Their Bets

In other Atkore news, insider John W. Pregenzer sold 6,548 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $158.49, for a total transaction of $1,037,792.52. Following the completion of the transaction, the insider now owns 30,430 shares of the company’s stock, valued at $4,822,850.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO William E. Jr. Waltz sold 43,072 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $160.48, for a total transaction of $6,912,194.56. Following the sale, the chief executive officer now owns 83,716 shares of the company’s stock, valued at $13,434,743.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John W. Pregenzer sold 6,548 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $158.49, for a total transaction of $1,037,792.52. Following the sale, the insider now directly owns 30,430 shares in the company, valued at approximately $4,822,850.70. The disclosure for this sale can be found here. Insiders sold a total of 148,464 shares of company stock valued at $25,124,751 over the last 90 days. 2.56% of the stock is owned by company 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.