Atkore - ATKR Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last year. 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 Wall Street analysts have issued twelve-month 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 18.1% from the stock's current price.
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Atkore's stock was trading at $113.42 at the start of the year. Since then, ATKR shares have increased by 20.5% and is now trading at $136.70.
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Atkore saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 2,410,000 shares, a drop of 7.3% from the January 31st total of 2,600,000 shares. Based on an average daily volume of 438,200 shares, the short-interest ratio is presently 5.5 days. Currently, 6.2% 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 quarterly earnings data on Wednesday, February, 1st. The company reported $4.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.80 by $0.71. The business had revenue of $833.82 million for the quarter, compared to analyst estimates of $820.90 million. Atkore had a trailing twelve-month return on equity of 76.09% and a net margin of 22.58%.

ETFs with the largest weight of Atkore (NYSE:ATKR) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Aztlan Global Stock Selection DM SMID ETF (AZTD), Alpha Architect U.S. Quantitative Value ETF (QVAL), Argent Mid Cap ETF (AMID), Cambria Shareholder Yield ETF (SYLD), First Trust Active Factor Small Cap ETF (AFSM), WisdomTree U.S. Growth & Momentum Fund (WGRO) and Fidelity U.S. Multifactor ETF (FLRG).

Atkore issued an update on its FY 2023 earnings guidance on Monday, February, 6th. The company provided EPS guidance of $15.85-$17.75 for the period, compared to the consensus earnings per share estimate of $14.48. 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 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 number of institutional and retail investors. Top institutional investors include Macquarie Group Ltd. (3.31%), River Road Asset Management LLC (2.89%), LSV Asset Management (2.70%), Fuller & Thaler Asset Management Inc. (2.68%), Dimensional Fund Advisors LP (2.56%) and Allspring Global Investments Holdings LLC (2.44%). 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 $136.70.

Atkore (NYSE:ATKR) has a market capitalization of $5.40 billion and generates $3.91 billion in revenue each year. The company earns $913.43 million in net income (profit) each year or $20.20 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.