Roth Capital Forecasts Atkore’s Q1 Earnings (NYSE:ATKR)

Atkore Inc. (NYSE:ATKR) – Equities researchers at Roth Capital issued their Q1 2025 EPS estimates for shares of Atkore in a research report issued on Monday, December 16th. Roth Capital analyst J. Clare anticipates that the company will earn $1.05 per share for the quarter. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Atkore’s current full-year earnings is $6.69 per share. Roth Capital also issued estimates for Atkore’s Q2 2025 earnings at $1.59 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $1.85 EPS, FY2025 earnings at $6.55 EPS, FY2026 earnings at $6.98 EPS and FY2027 earnings at $7.90 EPS.

Several other research firms have also issued reports on ATKR. Loop Capital lowered their price target on shares of Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $102.00 price objective (up from $93.00) on shares of Atkore in a research note on Wednesday, December 4th. B. Riley downgraded Atkore from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. Roth Mkm initiated coverage on Atkore in a research report on Tuesday. They issued a “buy” rating and a $100.00 price target for the company. Finally, KeyCorp dropped their price objective on Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.67.

Atkore Trading Down 3.9 %

Shares of ATKR opened at $82.02 on Thursday. Atkore has a fifty-two week low of $76.01 and a fifty-two week high of $194.98. The business has a 50-day moving average of $89.54 and a 200 day moving average of $104.91. The firm has a market cap of $2.86 billion, a P/E ratio of 6.49 and a beta of 2.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98.

Atkore (NYSE:ATKR) last announced its quarterly earnings data on Thursday, November 21st. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.06). Atkore had a net margin of 14.77% and a return on equity of 32.14%. The firm had revenue of $788.30 million for the quarter, compared to the consensus estimate of $749.49 million. During the same period last year, the company posted $3.63 earnings per share. Atkore’s revenue for the quarter was down 9.4% on a year-over-year basis.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were given a dividend of $0.32 per share. The ex-dividend date was Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.56%. Atkore’s dividend payout ratio (DPR) is presently 10.13%.

Insider Activity

In other Atkore news, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the sale, the insider now owns 27,626 shares in the company, valued at $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Daniel S. Kelly sold 13,071 shares of Atkore stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total value of $1,251,417.54. Following the sale, the vice president now directly owns 27,528 shares of the company’s stock, valued at approximately $2,635,530.72. This trade represents a 32.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,924 shares of company stock worth $1,614,975. 2.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Atkore

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Atkore by 26.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock valued at $104,599,000 after acquiring an additional 261,234 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Atkore by 1,047.5% in the 2nd quarter. Marshall Wace LLP now owns 224,267 shares of the company’s stock valued at $30,260,000 after purchasing an additional 204,723 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Atkore by 22.9% during the 2nd quarter. American Century Companies Inc. now owns 773,697 shares of the company’s stock valued at $104,395,000 after purchasing an additional 144,283 shares during the last quarter. M&G PLC purchased a new position in Atkore in the 3rd quarter worth $9,123,000. Finally, Algert Global LLC lifted its stake in Atkore by 331.6% in the third quarter. Algert Global LLC now owns 125,894 shares of the company’s stock worth $10,668,000 after purchasing an additional 96,724 shares during the last quarter.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.