Atkore (NYSE:ATKR) Issues FY 2025 Earnings Guidance

Atkore (NYSE:ATKR) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 7.800-8.900 for the period, compared to the consensus EPS estimate of 11.670. The company issued revenue guidance of $2.9 billion-$3.2 billion, compared to the consensus revenue estimate of $3.0 billion. Atkore also updated its FY25 guidance to $7.80-8.90 EPS.

Atkore Stock Down 9.7 %

NYSE:ATKR opened at $76.00 on Thursday. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 5.90 and a beta of 2.13. The stock has a fifty day simple moving average of $87.75 and a 200-day simple moving average of $114.14. Atkore has a twelve month low of $76.00 and a twelve month high of $194.98. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 1.68%. Atkore’s dividend payout ratio is presently 8.99%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ATKR shares. Royal Bank of Canada lowered Atkore from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $175.00 to $100.00 in a research report on Wednesday, August 7th. KeyCorp decreased their target price on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Loop Capital decreased their price target on Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, September 20th. Finally, B. Riley dropped their target price on Atkore from $183.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Atkore currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.60.

Insiders Place Their Bets

In related news, insider Mark F. Lamps sold 500 shares of the business’s stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.56% of the stock is owned by insiders.

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.