Atkore (ATKR) Set to Announce Earnings on Tuesday

Atkore (NYSE:ATKR) will post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Atkore to post earnings of $3.22 per share for the quarter. Atkore has set its FY 2024 guidance at 16.500-17.500 EPS and its FY24 guidance at $16.50-$17.50 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Atkore (NYSE:ATKR) last announced its quarterly earnings results on Thursday, February 1st. The company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $1.04. Atkore had a return on equity of 46.79% and a net margin of 18.80%. The business had revenue of $798.50 million for the quarter, compared to analysts’ expectations of $777.05 million. During the same period in the prior year, the firm earned $4.51 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts expect Atkore to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Atkore Trading Up 0.1 %

NYSE:ATKR opened at $183.09 on Tuesday. Atkore has a 12-month low of $116.14 and a 12-month high of $194.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.96 and a quick ratio of 1.99. The business has a 50 day simple moving average of $174.26 and a 200 day simple moving average of $153.78. The firm has a market capitalization of $6.73 billion, a P/E ratio of 10.98 and a beta of 2.19.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ATKR shares. Royal Bank of Canada restated an “outperform” rating and set a $187.00 price target on shares of Atkore in a research report on Friday, March 22nd. Citigroup upped their target price on shares of Atkore from $176.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, StockNews.com raised Atkore from a “hold” rating to a “buy” rating in a report on Friday, April 5th.

Insider Buying and Selling at Atkore

In other Atkore news, VP Daniel S. Kelly sold 8,685 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $173.07, for a total value of $1,503,112.95. Following the sale, the vice president now owns 34,907 shares of the company’s stock, valued at approximately $6,041,354.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Atkore news, VP Daniel S. Kelly sold 8,685 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $173.07, for a total transaction of $1,503,112.95. Following the completion of the transaction, the vice president now directly owns 34,907 shares in the company, valued at $6,041,354.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William E. Jr. Waltz sold 43,072 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $160.48, for a total transaction of $6,912,194.56. Following the completion of the sale, the chief executive officer now directly owns 83,716 shares in the company, valued at approximately $13,434,743.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,464 shares of company stock worth $25,124,751. 2.56% of the stock is currently owned by company 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.