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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
NYSE:ATKR

Atkore - ATKR Stock Forecast, Price & News

$92.16
+0.68 (+0.74%)
(As of 08/12/2022 09:14 PM ET)
Add
Compare
Today's Range
$91.03
$92.66
50-Day Range
$80.90
$122.84
52-Week Range
$80.04
$123.53
Volume
196,500 shs
Average Volume
494,458 shs
Market Capitalization
$3.81 billion
P/E Ratio
4.75
Dividend Yield
N/A
Price Target
$131.00

Atkore MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
42.1% Upside
$131.00 Price Target
Short Interest
Bearish
4.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.70mentions of Atkore in the last 14 days
Based on 3 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.

2.18 out of 5 stars

Industrial Products Sector

87th out of 191 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

10th out of 24 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.

Analysts Set New Price Targets

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

Atkore Price Performance

Shares of ATKR traded up $0.68 during trading hours on Friday, reaching $92.16. 196,527 shares of the stock traded hands, compared to its average volume of 390,036. The company has a current ratio of 2.77, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. Atkore has a 52-week low of $80.04 and a 52-week high of $123.53. The company's 50-day moving average price is $91.62 and its two-hundred day moving average price is $98.70. The company has a market cap of $3.81 billion, a P/E ratio of 4.75 and a beta of 2.27.

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

Insider Buying and Selling at Atkore

In other Atkore news, CEO William E. Jr. Waltz sold 20,000 shares of Atkore stock in a transaction on Monday, June 6th. The shares were sold at an average price of $118.65, for a total value of $2,373,000.00. Following the sale, the chief executive officer now directly owns 39,017 shares in the company, valued at approximately $4,629,367.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.96% of the stock is currently owned by insiders.

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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
8/14/2022
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
+42.1%
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
$14.82 per share
Book Value
$18.76 per share

Miscellaneous

Free Float
40,511,000
Market Cap
$3.81 billion
Optionable
Optionable
Beta
2.27














ATKR Stock - Frequently Asked Questions

Should I buy or sell Atkore stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities 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 brokers have issued twelve-month price objectives for Atkore's shares. Their ATKR share price forecasts range from $125.00 to $143.00. On average, they expect the company's stock price to reach $131.00 in the next twelve months. This suggests a possible upside of 42.1% 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 start of the year. Since then, ATKR stock has decreased by 17.1% and is now trading at $92.16.
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 trading volume of 503,900 shares, the short-interest ratio is presently 4.1 days. Approximately 4.8% of the shares of the stock 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) posted its earnings results on Tuesday, August, 2nd. The company reported $6.07 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.85. The firm earned $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. Atkore had a net margin of 23.50% and a trailing twelve-month return on equity of 90.18%. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the business posted $3.96 EPS.

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

Atkore updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (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 initial public offering 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.

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%), Allspring Global Investments Holdings LLC (2.64%), River Road Asset Management LLC (2.24%), abrdn plc (1.63%), Zurcher Kantonalbank Zurich Cantonalbank (1.20%) and Lazard Asset Management LLC (1.08%). 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 $92.16.

How much money does Atkore make?

Atkore (NYSE:ATKR) has a market capitalization of $3.81 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 8/15/2022 by MarketBeat.com Staff

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