Atkore - ATKR Stock Forecast, Price & News

5 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 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ATKR shares.
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5 brokers have issued 1-year target prices for Atkore's stock. Their ATKR share price forecasts range from $143.00 to $177.00. On average, they predict the company's stock price to reach $161.40 in the next year. This suggests a possible upside of 9.9% from the stock's current price.
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Atkore's stock was trading at $113.42 at the beginning of 2023. Since then, ATKR shares have increased by 29.5% and is now trading at $146.86.
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Atkore saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 1,910,000 shares, an increase of 10.4% from the December 15th total of 1,730,000 shares. Based on an average trading volume of 473,400 shares, the days-to-cover ratio is currently 4.0 days. Approximately 4.9% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our ATKR earnings forecast.

Atkore Inc. (NYSE:ATKR) released its earnings results on Friday, November, 18th. The company reported $5.18 EPS for the quarter. The firm had revenue of $1.03 billion for the quarter. Atkore had a trailing twelve-month return on equity of 83.88% and a net margin of 23.34%.

Atkore updated its FY23 earnings guidance on Wednesday, February, 1st. The company provided earnings per share guidance of $15.85-17.75 for the period, compared to the consensus earnings per share estimate of $14.48.

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 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 a variety of retail and institutional investors. Top institutional investors include River Road Asset Management LLC (2.89%), Allspring Global Investments Holdings LLC (2.44%), Zurcher Kantonalbank Zurich Cantonalbank (1.33%), Wedge Capital Management L L P NC (0.30%), Comerica Bank (0.30%) and North Point Portfolio Managers Corp OH (0.26%). 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.
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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 $146.86.

Atkore (NYSE:ATKR) has a market capitalization of $5.86 billion and generates $3.91 billion in revenue each year. The company earns $913.43 million in net income (profit) each year or $20.32 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.