Atkore (ATKR) Projected to Post Earnings on Tuesday

Atkore (NYSE:ATKR - Get Free Report) is projected to post its Q2 2025 quarterly earnings results 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 - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.50 EPS for the quarter, topping 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 company had revenue of $661.60 million during the quarter, compared to the consensus estimate of $680.77 million. During the same period in the previous year, the firm posted $4.12 earnings per share. The firm's revenue for the quarter 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 %

NYSE ATKR traded up $1.21 during trading hours on Friday, hitting $65.80. The company's stock had a trading volume of 365,056 shares, compared to its average volume of 698,148. The company has a current ratio of 3.03, a quick ratio of 1.96 and a debt-to-equity ratio of 0.51. The company's 50-day simple moving average is $61.11 and its two-hundred day simple moving average is $76.23. The company has a market capitalization of $2.28 billion, a PE ratio of 6.37 and a beta of 2.02. Atkore has a 52 week low of $49.92 and a 52 week high of $180.62.

Atkore Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, May 16th. This is a positive change from Atkore's previous quarterly dividend of $0.32. Atkore's dividend payout ratio (DPR) is currently 12.39%.

Wall Street Analysts Forecast Growth

ATKR has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on Atkore from $64.00 to $65.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 22nd. KeyCorp dropped their price target on shares of Atkore from $80.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Loop Capital downgraded shares of Atkore from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $115.00 to $65.00 in a research report on Monday, February 10th. Finally, Citigroup dropped their target price on shares of Atkore from $78.00 to $66.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company 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 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 transaction, the insider now owns 33,760 shares in the company, valued at approximately $2,194,400. This represents a 1.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.