Atkore (NYSE:ATKR) Issues FY 2025 Earnings Guidance

Atkore (NYSE:ATKR) issued an update on its FY 2025 earnings guidance on Monday morning. 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 Stock Performance

Shares of ATKR traded down $1.77 on Monday, reaching $56.73. 342,446 shares of the stock traded hands, compared to its average volume of 698,788. The stock’s 50-day moving average price is $62.21 and its 200-day moving average price is $77.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.03 and a quick ratio of 1.96. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 5.49 and a beta of 2.02. Atkore has a 12 month low of $49.92 and a 12 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. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $680.77 million. During the same quarter in the previous year, the firm posted $4.12 EPS. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. Equities analysts forecast that Atkore will post 5.79 EPS for the current fiscal year.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Tuesday, February 18th. Atkore’s dividend payout ratio is 12.39%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. KeyCorp lowered their target price on Atkore from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Citigroup cut their target price 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 Atkore from a “buy” rating to a “hold” rating and dropped their price target for the stock from $115.00 to $65.00 in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.17.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $65.00, for a total value of $32,500.00. Following the sale, the insider now owns 33,760 shares of the company’s stock, valued at approximately $2,194,400. The trade was a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.