Atkore (NYSE:ATKR – Get Free Report) posted its quarterly earnings results on Monday. The company reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.86, Briefing.com reports. Atkore had a net margin of 18.80% and a return on equity of 46.79%. The business had revenue of $792.90 million for the quarter, compared to analysts’ expectations of $808.22 million. During the same period in the prior year, the company posted $4.31 EPS. The business’s revenue for the quarter was down 11.5% on a year-over-year basis.
Atkore Price Performance
Shares of NYSE ATKR opened at $157.69 on Thursday. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 9.45 and a beta of 2.19. Atkore has a 52 week low of $116.14 and a 52 week high of $194.98. The company’s 50-day moving average price is $176.60 and its 200 day moving average price is $155.43. The company has a current ratio of 2.96, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51.
Atkore Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be paid a $0.32 dividend. The ex-dividend date is Monday, May 20th. This represents a $1.28 dividend on an annualized basis and a yield of 0.81%. Atkore’s payout ratio is 7.67%.
Analysts Set New Price Targets
View Our Latest Analysis on Atkore
Insider Activity at Atkore
In other Atkore news, Director Justin A. Kershaw sold 1,099 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $171.77, for a total transaction of $188,775.23. Following the sale, the director now directly owns 16,686 shares of the company’s stock, valued at approximately $2,866,154.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Atkore news, Director Justin A. Kershaw sold 1,099 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $171.77, for a total transaction of $188,775.23. Following the sale, the director now directly owns 16,686 shares of the company’s stock, valued at approximately $2,866,154.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Leangela W. Lowe sold 6,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $176.07, for a total transaction of $1,144,455.00. Following the sale, the vice president now directly owns 25,590 shares in the company, valued at $4,505,631.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,464 shares of company stock valued at $25,124,751. Insiders own 2.56% of the company’s stock.
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.
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