Atkore (NYSE:ATKR) Issues FY25 Earnings Guidance

Atkore (NYSE:ATKR) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $7.80-8.90 for the period, compared to the consensus estimate of $11.67. The company issued revenue guidance of $2.9-3.2 billion, compared to the consensus revenue estimate of $3.04 billion. Atkore also updated its FY 2025 guidance to 7.800-8.900 EPS.

Atkore Stock Up 5.1 %

ATKR opened at $89.47 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26. The business’s fifty day moving average is $87.74 and its two-hundred day moving average is $113.93. Atkore has a one year low of $76.01 and a one year high of $194.98. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 7.08 and a beta of 2.13.

Atkore Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be issued a $0.32 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a yield of 1.43%. Atkore’s dividend payout ratio (DPR) is 10.13%.

Analyst Ratings Changes

A number of analysts recently issued reports on ATKR shares. B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $135.00 to $84.00 in a research report on Friday. Royal Bank of Canada decreased their price objective on Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a report on Friday. Loop Capital lowered 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. Finally, KeyCorp decreased their price target on Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Atkore presently has an average rating of “Hold” and an average target price of $117.00.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the transaction, the insider now directly owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.56% of the stock is currently 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.