Atkore (ATKR) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ATKR shares.
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4 brokerages have issued 12-month price targets for Atkore's shares. Their ATKR share price forecasts range from $163.00 to $186.00. On average, they anticipate the company's share price to reach $176.25 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
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Atkore's stock was trading at $113.42 at the start of the year. Since then, ATKR stock has increased by 27.1% and is now trading at $144.20.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 17th 2023.
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Atkore Inc. (NYSE:ATKR) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $5.72 EPS for the quarter, beating the consensus estimate of $4.27 by $1.45. The company earned $919.10 million during the quarter, compared to the consensus estimate of $929.45 million. Atkore had a net margin of 20.93% and a trailing twelve-month return on equity of 59.21%. Atkore's revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $5.74 EPS.

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 updated its FY23 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $18.90-$19.30 for the period, compared to the consensus earnings per share estimate of $18.03.

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 a price of $20.00-$22.00 per share. Credit Suisse, Deutsche Bank Securities, J.P. Morgan and UBS Investment Bank served as the underwriters for the IPO and Citigroup, RBC Capital Markets and Wells Fargo Securities were co-managers.

Atkore trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATKR."

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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One share of ATKR stock can currently be purchased for approximately $144.20.

Atkore (NYSE:ATKR) has a market capitalization of $5.45 billion and generates $3.91 billion in revenue each year. The company earns $913.43 million in net income (profit) each year or $18.82 on an earnings per share basis.

The company employs 5,000 workers across the globe.

Atkore's mailing address is 16100 SOUTH LATHROP AVENUE, HARVEY IL, 60426. The official website for the company is www.atkore.com. The company can be reached via phone at (708) 339-1610, via email at investors@atkore.com, or via fax at 708-339-2726.