Atkore (ATKR) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ATKR shares.
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4 Wall Street research analysts have issued 12-month price targets for Atkore's stock. Their ATKR share price forecasts range from $163.00 to $186.00. On average, they predict the company's share price to reach $176.25 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price.
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Atkore's stock was trading at $113.42 at the beginning of the year. Since then, ATKR stock has increased by 29.1% and is now trading at $146.43.
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Atkore saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 4,420,000 shares, an increase of 8.1% from the July 31st total of 4,090,000 shares. Based on an average daily volume of 395,800 shares, the days-to-cover ratio is currently 11.2 days. Approximately 11.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 17th 2023.
View our ATKR earnings forecast.

Atkore Inc. (NYSE:ATKR) issued its quarterly earnings data on Tuesday, August, 8th. The company reported $5.72 EPS for the quarter, topping analysts' consensus estimates of $4.27 by $1.45. The business earned $919.10 million during the quarter, compared to analyst estimates of $929.45 million. Atkore had a net margin of 20.93% and a trailing twelve-month return on equity of 59.21%. The firm's revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 ETFNew (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 FY23 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $18.90-$19.30 for the period, compared to the consensus EPS 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 acted 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."

Atkore's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.14%), River Road Asset Management LLC (2.98%), Dimensional Fund Advisors LP (2.73%), LSV Asset Management (2.50%), State Street Corp (2.32%) and Geode Capital Management LLC (2.29%). 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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One share of ATKR stock can currently be purchased for approximately $146.43.

Atkore (NYSE:ATKR) has a market capitalization of $5.53 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.