Atkore Stock Price, News & Analysis (NYSE:ATKR)

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ATKR shares.
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3 Wall Street research analysts have issued 12 month price objectives for Atkore's stock. Their ATKR share price targets range from $163.00 to $186.00. On average, they anticipate the company's stock price to reach $176.25 in the next year. This suggests a possible upside of 38.2% from the stock's current price.
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Atkore's stock was trading at $113.42 on January 1st, 2023. Since then, ATKR stock has increased by 12.4% and is now trading at $127.51.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
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Atkore Inc. (NYSE:ATKR) released its quarterly earnings data on Friday, November, 17th. The company reported $4.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.70 by $0.51. The firm earned $870 million during the quarter, compared to analyst estimates of $910.40 million. Atkore had a net margin of 19.61% and a trailing twelve-month return on equity of 52.26%. The firm's revenue was down 15.5% on a year-over-year basis. During the same period last year, the firm posted $5.18 earnings per share.

ETFs with the largest weight of Atkore (NYSE:ATKR) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Euclidean Fundamental Value ETF (ECML), Argent Mid Cap ETF (AMID), Corbett Road Tactical Opportunity ETF (OPPX), Innovator IBD Breakout Opportunities ETF (BOUT), Cambria Shareholder Yield ETF (SYLD), WisdomTree U.S. Growth & Momentum Fund (WGRO) and First Trust Active Factor Small Cap ETF (AFSM).

Atkore issued an update on its FY 2024 earnings guidance on Friday, November, 17th. The company provided earnings per share guidance of $16.00-$17.00 for the period, compared to the consensus estimate of $16.47. The company issued revenue guidance of -.

27 employees have rated Atkore Chief Executive Officer William E Waltz on Glassdoor.com. William E Waltz has an approval rating of 94% among the company's employees. This puts William E Waltz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atkore investors own include Advanced Micro Devices (AMD), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Altria Group (MO), Pfizer (PFE), Block (SQ), AT&T (T), AbbVie (ABBV) and Applied Materials (AMAT).

(ATKR) raised $252 million in an initial public offering (IPO) on Friday, June 10th 2016. The company issued 12,000,000 shares at $20.00-$22.00 per share. Credit Suisse, Deutsche Bank Securities, J.P. Morgan and UBS Investment Bank acted as the underwriters for the IPO and Citigroup, RBC Capital Markets and Wells Fargo Securities were co-managers.

Atkore's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (4.29%), Fuller & Thaler Asset Management Inc. (2.98%), River Road Asset Management LLC (2.92%), LSV Asset Management (2.48%), Gates Capital Management Inc. (2.41%) and Invesco Ltd. (2.17%). Insiders that own company stock include A Mark Zeffiro, Daniel S Kelly, David Paul Johnson, John W Pregenzer, Leangela W Lowe, Mark F Lamps, Peter J Lariviere, Scott H Muse, Wilbert W James Jr, William E Jr Waltz and William Vanarsdale.
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Shares of ATKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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