Atkore (NYSE:ATKR) Issues FY 2025 Earnings Guidance

Atkore (NYSE:ATKR) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 5.750-6.850 for the period, compared to the consensus earnings per share estimate of 6.090. The company issued revenue guidance of $2.9 billion-$3.0 billion, compared to the consensus revenue estimate of $2.9 billion. Atkore also updated its Q2 2025 guidance to 2.010-2.080 EPS.

Atkore Trading Down 3.0 %

Shares of NYSE:ATKR traded down $1.77 during mid-day trading on Monday, reaching $56.73. The stock had a trading volume of 342,446 shares, compared to its average volume of 698,792. The firm has a market cap of $1.97 billion, a PE ratio of 5.49 and a beta of 2.02. The firm has a 50 day simple moving average of $62.21 and a two-hundred day simple moving average of $77.54. The company has a current ratio of 3.03, a quick ratio of 1.96 and a debt-to-equity ratio of 0.51. Atkore has a twelve month low of $49.92 and a twelve month high of $185.42.

Atkore (NYSE:ATKR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.45. The company had revenue of $661.60 million during the quarter, compared to analyst estimates of $680.77 million. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The firm’s revenue was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.12 EPS. On average, research analysts predict that Atkore will post 5.79 EPS for the current fiscal year.

Atkore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, February 18th. Atkore’s dividend payout ratio (DPR) is presently 12.39%.

Analyst Ratings Changes

ATKR has been the topic of several research analyst reports. KeyCorp dropped their target price on shares of Atkore from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their price objective on shares of Atkore from $78.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Loop Capital lowered shares of Atkore from a “buy” rating to a “hold” rating and reduced their target price for the stock from $115.00 to $65.00 in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.17.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 500 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $65.00, for a total transaction of $32,500.00. Following the completion of the transaction, the insider now directly owns 33,760 shares of the company’s stock, valued at approximately $2,194,400. This represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.99% of the stock is 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.