Atkore (NYSE:ATKR) Releases FY 2025 Earnings Guidance

Key Points

• Atkore has updated its FY 2025 earnings guidance, projecting earnings per share between $6.250 and $6.75, alongside revenue guidance of $2.8 billion to $2.9 billion.
• Shares of Atkore experienced a 25.9% drop in value, trading at $56.74, following the earnings guidance update.
• The company recently announced a quarterly dividend of $0.33 per share, indicating an annualized yield of 2.3% and a payout ratio of 25.38%.

Atkore (NYSE:ATKR - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 6.250-6.75 for the period, compared to the consensus earnings per share estimate of 6.452. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion. Atkore also updated its Q4 2025 guidance to 1.050-1.350 EPS.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ATKR shares. Wall Street Zen raised shares of Atkore from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Roth Capital set a $78.00 target price on shares of Atkore and gave the company a "buy" rating in a research report on Wednesday, May 7th. KeyCorp boosted their price target on Atkore from $70.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating and issued a $80.00 price target (up previously from $70.00) on shares of Atkore in a research note on Monday, June 9th. Finally, Royal Bank Of Canada boosted their price target on Atkore from $65.00 to $70.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $79.57.

Atkore Trading Down 25.9%

Shares of Atkore stock traded down $19.81 on Tuesday, reaching $56.74. 1,514,875 shares of the company's stock were exchanged, compared to its average volume of 581,788. The company has a market capitalization of $1.91 billion, a P/E ratio of 10.94 and a beta of 2.10. The firm's 50-day moving average is $71.50 and its two-hundred day moving average is $68.13. Atkore has a 52 week low of $49.92 and a 52 week high of $108.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 3.02.

Atkore (NYSE:ATKR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.52. The business had revenue of $701.73 million during the quarter, compared to analyst estimates of $690.83 million. Atkore had a return on equity of 20.81% and a net margin of 6.48%. The company's quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.08 EPS. Sell-side analysts predict that Atkore will post 5.79 EPS for the current fiscal year.

Atkore Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 19th. Atkore's dividend payout ratio is currently 25.38%.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.16, for a total value of $69,160.00. Following the sale, the insider directly owned 32,828 shares of the company's stock, valued at approximately $2,270,384.48. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.99% of the stock is currently owned by corporate insiders.

Institutional Trading of Atkore

Hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new position in shares of Atkore during the first quarter valued at approximately $36,000. Intech Investment Management LLC increased its stake in Atkore by 59.7% during the 1st quarter. Intech Investment Management LLC now owns 29,363 shares of the company's stock worth $1,761,000 after buying an additional 10,972 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Atkore by 15.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,830 shares of the company's stock valued at $7,009,000 after acquiring an additional 16,028 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company's stock valued at $39,000 after purchasing an additional 246 shares during the last quarter.

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.

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