Atkore (ATKR) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ATKR shares.
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3 equities research analysts have issued 12 month price objectives for Atkore's shares. Their ATKR share price targets range from $186.00 to $200.00. On average, they anticipate the company's stock price to reach $191.00 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
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Atkore's stock was trading at $160.00 at the beginning of the year. Since then, ATKR shares have increased by 6.3% and is now trading at $170.12.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Atkore will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "5952899".

Atkore Inc. (NYSE:ATKR) released its quarterly earnings data on Thursday, February, 1st. The company reported $4.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $1.04. The company had revenue of $798.50 million for the quarter, compared to analysts' expectations of $777.05 million. Atkore had a trailing twelve-month return on equity of 46.79% and a net margin of 18.80%. Atkore's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.51 earnings per share.

Atkore declared a quarterly dividend on Tuesday, January 30th. Investors of record on Tuesday, February 27th will be given a dividend of $0.32 per share on Friday, March 15th. This represents a $1.28 annualized dividend and a yield of 0.75%. The ex-dividend date is Monday, February 26th.
Read our dividend analysis for ATKR.

Atkore (NYSE:ATKR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.73%. The dividend payout ratio is 7.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATKR will have a dividend payout ratio of 7.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATKR.

ETFs with the largest weight of Atkore (NYSE:ATKR) stock in their portfolio include The Acquirers Fund (ZIG), First Trust RBA American Industrial Renaissance ETF (AIRR), Ballast Small/Mid Cap ETF (MGMT), Euclidean Fundamental Value ETF (ECML), Corbett Road Tactical Opportunity ETFNew (OPPX), WisdomTree U.S. Growth & Momentum Fund (WGRO), Invesco Global Clean Energy ETF (PBD) and Fidelity U.S. Multifactor ETF (FLRG).

Atkore issued an update on its FY24 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of $16.50-$17.50 for the period, compared to the consensus EPS estimate of $16.71.

27 employees have rated Atkore Chief Executive Officer William E Waltz on Glassdoor.com. William E Waltz has an approval rating of 94% among the company's employees. This puts William E Waltz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atkore investors own include Advanced Micro Devices (AMD), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Altria Group (MO), Pfizer (PFE), Block (SQ), AT&T (T), AbbVie (ABBV) and Applied Materials (AMAT).

Atkore (ATKR) raised $252 million in an initial public offering on Friday, June 10th 2016. The company issued 12,000,000 shares at $20.00-$22.00 per share. Credit Suisse, Deutsche Bank Securities, J.P. Morgan and UBS Investment Bank acted as the underwriters for the IPO and Citigroup, RBC Capital Markets and Wells Fargo Securities were co-managers.

Atkore's stock is owned by a number of retail and institutional investors. Top institutional investors include Ausbil Investment Management Ltd (0.06%), Los Angeles Capital Management LLC (0.04%), Park Avenue Securities LLC (0.02%), Cannon Global Investment Management LLC (0.01%), Opinicus Capital Inc. (0.01%) and Banque Cantonale Vaudoise (0.01%). Insiders that own company stock include A Mark Zeffiro, Daniel S Kelly, David Paul Johnson, John W Pregenzer, Justin A Kershaw, Leangela W Lowe, Mark F Lamps, Scott H Muse, Wilbert W James Jr, William E Jr Waltz and William Vanarsdale.
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Shares of ATKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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