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 equities research analysts have issued 12 month target prices for Atkore's shares. Their ATKR share price forecasts range from $143.00 to $177.00. On average, they predict the company's share price to reach $161.40 in the next twelve months. This suggests a possible upside of 32.9% 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 7.1% and is now trading at $121.47.
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Atkore saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,830,000 shares, an increase of 17.1% from the April 15th total of 3,270,000 shares. Based on an average trading volume of 454,000 shares, the days-to-cover ratio is currently 8.4 days. Approximately 9.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our ATKR earnings forecast.

Atkore Inc. (NYSE:ATKR) released its quarterly earnings results on Tuesday, May, 9th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.60. The company earned $895.93 million during the quarter, compared to analyst estimates of $910.20 million. Atkore had a trailing twelve-month return on equity of 66.55% and a net margin of 21.54%.

ETFs with the largest weight of Atkore (NYSE:ATKR) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), WisdomTree U.S. Growth & Momentum Fund (WGRO), Alpha Architect U.S. Quantitative Value ETF (QVAL), Cambria Value and Momentum ETF (VAMO), Argent Mid Cap ETF (AMID), Invesco DWA Momentum ETF (PDP), Cambria Shareholder Yield ETF (SYLD) and Inspire Fidelis Multi Factor ETF (FDLS).

Atkore updated its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $17.45-$18.35 for the period, compared to the consensus estimate of $16.99. The company issued revenue guidance of -.

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 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.80%), FMR LLC (5.11%), Macquarie Group Ltd. (3.02%), River Road Asset Management LLC (2.86%), Dimensional Fund Advisors LP (2.64%) and LSV Asset Management (2.45%). 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, 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 $121.47.

Atkore (NYSE:ATKR) has a market capitalization of $4.68 billion and generates $3.91 billion in revenue each year. The company earns $913.43 million in net income (profit) each year or $19.43 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.