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Atkore has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
According to analysts' consensus price target of $144.33, Atkore has a forecasted upside of 17.5% from its current price of $122.84.
Atkore has received no research coverage in the past 90 days.
Atkore has received 335 “outperform” votes. (Add your “outperform” vote.)
Atkore has received 152 “underperform” votes. (Add your “underperform” vote.)
Atkore has received 68.79% “outperform” votes from our community.
MarketBeat's community ratings are surveys of what our community members think about Atkore and other stocks. Vote “Outperform” if you believe ATKR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ATKR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Atkore does not currently pay a dividend.
Atkore does not have a long track record of dividend growth.
In the past three months, Atkore insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,670,985.00 in company stock.
Only 1.96% of the stock of Atkore is held by insiders.
94.87% of the stock of Atkore is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
The P/E ratio of Atkore is 7.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 10.04.
The P/E ratio of Atkore is 7.10, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 24.45.
Atkore has a P/B Ratio of 6.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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" Atkore stock. View analyst ratings for Atkore or view top-rated stocks.
3 equities research analysts have issued 12-month price objectives for Atkore's stock. Their forecasts range from $125.00 to $170.00. On average, they expect Atkore's stock price to reach $144.33 in the next year. This suggests a possible upside of 17.5% from the stock's current price. View analysts' price targets for Atkore or view top-rated stocks among Wall Street analysts.
Atkore's stock was trading at $111.19 at the beginning of 2022. Since then, ATKR stock has increased by 10.5% and is now trading at $122.84. View the best growth stocks for 2022 here.
Atkore is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for Atkore.
Atkore Inc. (NYSE:ATKR) announced its quarterly earnings data on Tuesday, May, 3rd. The company reported $5.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $1.64. The firm earned $982.57 million during the quarter, compared to analyst estimates of $800.90 million. Atkore had a trailing twelve-month return on equity of 93.07% and a net margin of 22.67%. The company's revenue was up 53.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.79 earnings per share. View Atkore's earnings history.
Atkore updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $19.65-$20.45 for the period, compared to the consensus estimate of $19.96. The company issued revenue guidance of $3.66 billion-$3.81 billion, compared to the consensus revenue estimate of $3.58 billion.
27 employees have rated Atkore CEO William E Waltz on Glassdoor.com. William E Waltz has an approval rating of 94% among Atkore's employees. This puts William E Waltz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
Some companies that are related to Atkore include CAE (CAE), Sunrun (RUN), QuantumScape (QS), Novanta (NOVT), Spectrum Brands (SPB), EnerSys (ENS), Integer (ITGR), Energizer (ENR), Enovix (ENVX), Fluence Energy (FLNC), Energy Vault (NRGV), SES AI (SES), Stem (STEM), Microvast (MVST) and Solid Power (SLDP). View all of ATKR's competitors.
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), Square (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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.69%), BlackRock Inc. (7.83%), LSV Asset Management (2.90%), Dimensional Fund Advisors LP (2.59%), State Street Corp (2.20%) and Fuller & Thaler Asset Management Inc. (2.10%). Company insiders that own Atkore 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 for Atkore.
ATKR stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Rothschild & Co. Asset Management US Inc., Royal Bank of Canada, Prudential Financial Inc., LSV Asset Management, Skandinaviska Enskilda Banken AB publ , Vanguard Group Inc., and BlackRock Inc.. Company insiders that have sold Atkore company stock in the last two years 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 insider buying and selling activity for Atkore or view top insider-selling stocks.
ATKR stock was purchased by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Zurcher Kantonalbank Zurich Cantonalbank , Invesco Ltd., North Point Portfolio Managers Corp OH, First Republic Investment Management Inc., J. Goldman & Co LP, Twin Tree Management LP, and David J Yvars Group. View insider buying and selling activity for Atkore or or view top insider-buying stocks.
Shares of ATKR 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.
One share of ATKR stock can currently be purchased for approximately $122.84.
Atkore (NYSE:ATKR) has a market capitalization of $5.30 billion and generates $2.93 billion in revenue each year. The company earns $587.86 million in net income (profit) each year or $17.299990 on an earnings per share basis.
Atkore employs 4,000 workers across the globe.
The official website for Atkore is www.atkore.com.
Atkore's mailing address is 16100 SOUTH LATHROP AVENUE, HARVEY IL, 60426. The company can be reached via phone at (708) 339-1610, via email at [email protected] , or via fax at 708-339-2726.
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