Atkore (ATKR) Projected to Post Quarterly Earnings on Tuesday

Atkore (NYSE:ATKR) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Tuesday, May 6th. Analysts expect Atkore to post earnings of $1.52 per share and revenue of $690.83 million for the quarter. Atkore has set its FY 2025 guidance at 5.750-6.850 EPS and its Q2 2025 guidance at 1.300-1.500 EPS.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.45. Atkore had a return on equity of 25.69% and a net margin of 12.42%. The firm had revenue of $661.60 million during the quarter, compared to analyst estimates of $680.77 million. During the same period last year, the company posted $4.12 EPS. The business’s quarterly revenue was down 17.1% on a year-over-year basis. On average, analysts expect Atkore to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Atkore Stock Up 1.9 %

Shares of Atkore stock opened at $65.80 on Friday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 6.37 and a beta of 2.10. The stock’s 50-day moving average is $61.15 and its 200 day moving average is $76.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.03 and a quick ratio of 1.96. Atkore has a one year low of $49.92 and a one year high of $180.62.

Atkore Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from Atkore’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, May 16th. Atkore’s dividend payout ratio is presently 12.78%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ATKR. Loop Capital lowered shares of Atkore from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $65.00 in a research note on Monday, February 10th. Royal Bank of Canada increased their price objective on shares of Atkore from $64.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 22nd. Citigroup dropped their price target on Atkore from $78.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, KeyCorp decreased their price objective on Atkore from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Atkore has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Insiders Place Their Bets

In other news, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 33,760 shares of the company’s stock, valued at $2,194,400. This trade represents a 1.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.99% of the company’s stock.

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.