Atkore - ATKR Stock Forecast, Price & News

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.
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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.
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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.
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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.

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) 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.

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.

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 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 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.
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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 $91.33.

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.

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.