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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
NYSE:ATKR

Atkore - ATKR Stock Forecast, Price & News

$91.33
-0.42 (-0.46%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$90.22
$92.18
50-Day Range
$80.90
$118.93
52-Week Range
$80.04
$123.53
Volume
571,082 shs
Average Volume
493,191 shs
Market Capitalization
$3.77 billion
P/E Ratio
4.71
Dividend Yield
N/A
Price Target
$131.00

Atkore MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
43.4% Upside
$131.00 Price Target
Short Interest
Bearish
4.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.86mentions of Atkore in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$2.37 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Industrial Products Sector

95th out of 189 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

9th out of 22 stocks

ATKR stock logo

About Atkore (NYSE:ATKR) Stock

Atkore Inc. manufactures and sells electrical, safety, and infrastructure products in the United States and internationally. The company offers electrical products, including conduits cables, and installation accessories. It also provides safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management. The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Kaf-Tech, Heritage Plastics, Unistrut, Power-Strut, Cope, US Tray, FRE Composites, Calbond, and Calpipe brands. It serves a group of end markets, including new construction; maintenance, repair, and remodel, as well as infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and government through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers. The company was formerly known as Atkore International Group Inc. and changed its name to Atkore Inc. in February 2021. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois.

Atkore Stock Down 0.5 %

Atkore stock opened at $91.33 on Wednesday. Atkore has a fifty-two week low of $80.04 and a fifty-two week high of $123.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.77. The company has a market capitalization of $3.77 billion, a P/E ratio of 4.71 and a beta of 2.27. The stock has a 50-day simple moving average of $90.42 and a 200-day simple moving average of $98.65.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Royal Bank of Canada lowered their target price on Atkore from $151.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, August 3rd. Citigroup lifted their price target on Atkore from $109.00 to $125.00 in a report on Wednesday, May 4th. Credit Suisse Group lifted their price target on Atkore from $130.00 to $143.00 and gave the stock an "outperform" rating in a report on Wednesday, August 3rd. Finally, StockNews.com downgraded Atkore from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 27th.

Insider Activity

In other news, CEO William E. Jr. Waltz sold 20,000 shares of the business's stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $118.65, for a total value of $2,373,000.00. Following the completion of the sale, the chief executive officer now directly owns 39,017 shares of the company's stock, valued at approximately $4,629,367.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.96% of the company's stock.

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ATKR Stock News Headlines

Atkore Inc. (NYSE:ATKR) Sees Large Increase in Short Interest
Recap: Atkore Q3 Earnings - Benzinga
Atkore Inc. Announces Third Quarter 2022 Results
Atkore (ATKR) Set to Announce Earnings on Tuesday
Atkore (NYSE:ATKR) Stock Rating Lowered by StockNews.com
See More Headlines
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ATKR Company Calendar

Last Earnings
8/02/2022
Today
8/17/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/17/2022

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Previous Symbol
NASDAQ:ATKR
Employees
4,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$131.00
High Stock Price Forecast
$143.00
Low Stock Price Forecast
$125.00
Forecasted Upside/Downside
+43.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$587.86 million
Pretax Margin
31.09%

Debt

Sales & Book Value

Annual Sales
$2.93 billion
Cash Flow
$14.68 per share
Book Value
$18.76 per share

Miscellaneous

Free Float
40,511,000
Market Cap
$3.77 billion
Optionable
Optionable
Beta
2.27














ATKR Stock - Frequently Asked Questions

Should I buy or sell Atkore stock right now?

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 "buy" ATKR shares.
View ATKR analyst ratings
or view top-rated stocks.

What is Atkore's stock price forecast for 2022?

3 analysts have issued 1-year target prices for Atkore's shares. Their ATKR share price forecasts range from $125.00 to $143.00. On average, they anticipate the company's share price to reach $131.00 in the next year. This suggests a possible upside of 43.4% from the stock's current price.
View analysts price targets for ATKR
or view top-rated stocks among Wall Street analysts.

How have ATKR shares performed in 2022?

Atkore's stock was trading at $111.19 at the beginning of the year. Since then, ATKR shares have decreased by 17.9% and is now trading at $91.33.
View the best growth stocks for 2022 here
.

Are investors shorting Atkore?

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 daily trading volume, of 503,900 shares, the days-to-cover ratio is presently 4.1 days. Approximately 4.8% of the shares of the company are sold short.
View Atkore's Short Interest
.

When is Atkore's next earnings date?

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

How were Atkore's earnings last quarter?

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

What guidance has Atkore issued on next quarter's earnings?

Atkore issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided 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.

What is William E Waltz's approval rating as Atkore's CEO?

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.

What other stocks do shareholders of Atkore own?

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).

When did Atkore IPO?

(ATKR) raised $252 million in an 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.

What is Atkore's stock symbol?

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

Who are Atkore's major shareholders?

Atkore's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (7.78%), Macquarie Group Ltd. (3.66%), Allspring Global Investments Holdings LLC (2.64%), River Road Asset Management LLC (2.24%), State Street Corp (2.22%) and abrdn plc (1.63%). 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
.

How do I buy shares of Atkore?

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.

What is Atkore's stock price today?

One share of ATKR stock can currently be purchased for approximately $91.33.

How much money does Atkore make?

Atkore (NYSE:ATKR) has a market capitalization of $3.77 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.

How many employees does Atkore have?

The company employs 4,000 workers across the globe.

How can I contact Atkore?

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.

This page (NYSE:ATKR) was last updated on 8/17/2022 by MarketBeat.com Staff

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