Atkore (NYSE:ATKR) Releases Quarterly Earnings Results, Misses Estimates By $0.61 EPS

Atkore (NYSE:ATKR) released its quarterly earnings data on Thursday. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.61), Briefing.com reports. Atkore had a return on equity of 16.16% and a net margin of 3.89%.The business had revenue of $752.01 million for the quarter, compared to analyst estimates of $733.61 million. During the same quarter last year, the company earned $2.43 EPS. Atkore’s revenue was down 4.6% compared to the same quarter last year. Atkore updated its FY 2026 guidance to 5.050-5.550 EPS and its Q1 2026 guidance to 0.550-0.750 EPS.

Atkore Stock Performance

Shares of NYSE ATKR opened at $62.60 on Thursday. Atkore has a 52-week low of $49.92 and a 52-week high of $97.32. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 20.50 and a beta of 2.12. The company has a quick ratio of 2.08, a current ratio of 3.09 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $64.62 and its 200 day simple moving average is $66.17.

Atkore Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. Atkore’s dividend payout ratio (DPR) is currently 42.31%.

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $64.75, for a total transaction of $64,750.00. Following the completion of the sale, the insider directly owned 29,923 shares of the company’s stock, valued at approximately $1,937,514.25. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On Atkore

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Atkore by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,036,079 shares of the company’s stock worth $64,998,000 after buying an additional 18,951 shares during the period. Bank of America Corp DE boosted its position in Atkore by 3.0% during the 2nd quarter. Bank of America Corp DE now owns 450,186 shares of the company’s stock worth $31,761,000 after acquiring an additional 13,061 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Atkore by 40.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 427,235 shares of the company’s stock valued at $26,805,000 after purchasing an additional 123,150 shares during the period. Orbis Allan Gray Ltd lifted its position in shares of Atkore by 45.0% in the second quarter. Orbis Allan Gray Ltd now owns 364,011 shares of the company’s stock worth $25,681,000 after purchasing an additional 112,981 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Atkore by 1.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 343,035 shares of the company’s stock worth $21,521,000 after purchasing an additional 4,114 shares during the period.

Wall Street Analyst Weigh In

ATKR has been the topic of several analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. Weiss Ratings downgraded Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $79.57.

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.