Atkore (NYSE:ATKR – Get Free Report) released its earnings results on Monday. The company reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.86, Briefing.com reports. The business had revenue of $792.90 million for the quarter, compared to analyst estimates of $808.22 million. Atkore had a return on equity of 46.79% and a net margin of 18.80%. Atkore’s revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.31 earnings per share.
Atkore Trading Up 1.9 %
Shares of NYSE:ATKR opened at $160.66 on Thursday. The company has a market capitalization of $5.91 billion, a P/E ratio of 9.45 and a beta of 2.19. Atkore has a 1 year low of $116.14 and a 1 year high of $194.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.96 and a quick ratio of 1.99. The business’s 50 day simple moving average is $176.60 and its 200 day simple moving average is $155.43.
Atkore Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.80%. Atkore’s dividend payout ratio (DPR) is currently 7.67%.
Insider Buying and Selling
Analysts Set New Price Targets
Several research firms have issued reports on ATKR. Citigroup dropped their price objective on Atkore from $200.00 to $188.00 and set a “neutral” rating on the stock in a research note on Wednesday. StockNews.com lowered Atkore from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $187.00 target price on shares of Atkore in a research note on Friday, March 22nd.
Check Out Our Latest Analysis on ATKR
Atkore Company Profile
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.
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