Atkore - ATKR Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATKR shares.
View ATKR analyst ratings or view top-rated stocks.

3 brokers have issued twelve-month price objectives for Atkore's shares. Their ATKR share price forecasts range from $125.00 to $143.00. On average, they expect the company's stock price to reach $131.00 in the next twelve months. This suggests a possible upside of 42.1% from the stock's current price.
View analysts price targets for ATKR or view top-rated stocks among Wall Street analysts.

Atkore's stock was trading at $111.19 at the start of the year. Since then, ATKR stock has decreased by 17.1% and is now trading at $92.16.
View the best growth stocks for 2022 here.

Atkore saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,060,000 shares, an increase of 19.1% from the June 30th total of 1,730,000 shares. Based on an average trading volume of 503,900 shares, the short-interest ratio is presently 4.1 days. Approximately 4.8% of the shares of the stock are sold short.
View Atkore's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our ATKR earnings forecast.

Atkore Inc. (NYSE:ATKR) posted its earnings results on Tuesday, August, 2nd. The company reported $6.07 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.85. The firm earned $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. Atkore had a net margin of 23.50% and a trailing twelve-month return on equity of 90.18%. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the business posted $3.96 EPS.

Atkore updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $20.89-$21.24 for the period, compared to the consensus estimate of $19.96. The company issued revenue guidance of $3.87 billion-$3.87 billion, compared to the consensus revenue estimate of $3.77 billion.

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 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 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."

Atkore's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (7.78%), Allspring Global Investments Holdings LLC (2.64%), River Road Asset Management LLC (2.24%), abrdn plc (1.63%), Zurcher Kantonalbank Zurich Cantonalbank (1.20%) and Lazard Asset Management LLC (1.08%). Insiders that own company stock include A Mark Zeffiro, Daniel S Kelly, David Paul Johnson, Leangela W Lowe, Mark F Lamps, Peter J Lariviere, Wilbert W James Jr, William E Jr Waltz and William Vanarsdale.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of ATKR stock can currently be purchased for approximately $92.16.

Atkore (NYSE:ATKR) has a market capitalization of $3.81 billion and generates $2.93 billion in revenue each year. The company earns $587.86 million in net income (profit) each year or $19.40 on an earnings per share basis.

The company employs 4,000 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.