Atkore Inc. (NYSE:ATKR) to Issue Quarterly Dividend of $0.33

Atkore Inc. (NYSE:ATKR) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.33 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, August 18th.

Atkore has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Atkore to earn $5.50 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 24.0%.

Atkore Stock Down 0.2%

Atkore stock opened at $71.29 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.02 and a current ratio of 2.64. Atkore has a one year low of $53.49 and a one year high of $90.16. The company has a 50-day simple moving average of $77.05 and a 200-day simple moving average of $70.77. The firm has a market capitalization of $2.41 billion, a P/E ratio of -19.91 and a beta of 1.68.

Atkore (NYSE:ATKR) last posted its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. The firm had revenue of $731.38 million during the quarter, compared to analyst estimates of $714.18 million. During the same period in the previous year, the business posted $2.04 EPS. Atkore’s revenue was up 4.2% on a year-over-year basis. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. As a group, equities analysts expect that Atkore will post 4.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ATKR shares. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a research note on Sunday, July 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research report on Wednesday. Citigroup raised their target price on shares of Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada set a $76.00 price target on Atkore in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Atkore currently has a consensus rating of “Hold” and a consensus target price of $138.33.

About Atkore

Atkore International Group Inc (NYSE: ATKR) is a diversified global manufacturer of electrical raceway and mechanical products, serving a broad range of end markets including commercial construction, industrial facilities and energy infrastructure. The company’s electrical product portfolio encompasses conduit, tubing, fittings, connectors and cable management systems designed for use in residential, commercial and industrial wiring applications. On the mechanical side, Atkore offers pipe support solutions, seismic bracing, HVAC hangers and other mechanical products that address critical building and process piping needs.

Founded as a family-owned business before its reorganization into a standalone public company in 2016, Atkore has grown through both organic investment and targeted acquisitions.