Atkore (ATKR) Set to Announce Earnings on Thursday

Atkore (NYSE:ATKR) is scheduled to be releasing its earnings data before the market opens on Thursday, November 21st. Analysts expect Atkore to post earnings of $2.08 per share for the quarter. Persons that wish to listen to the company’s conference call can do so using this link.

Atkore Stock Performance

Atkore stock opened at $87.97 on Tuesday. The firm has a market capitalization of $3.16 billion, a PE ratio of 6.25 and a beta of 2.13. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49. The firm’s 50 day simple moving average is $87.56 and its 200 day simple moving average is $115.60. Atkore has a 1-year low of $80.11 and a 1-year high of $194.98.

Insider Transactions at Atkore

In related news, insider Mark F. Lamps sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the transaction, the insider now directly owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.56% of the company’s stock.

Analysts Set New Price Targets

ATKR has been the subject of a number of research reports. B. Riley decreased their price target on shares of Atkore from $183.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Loop Capital lowered their price objective on shares of Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, September 20th. KeyCorp cut their target price on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, Royal Bank of Canada lowered Atkore from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $175.00 to $100.00 in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.60.

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.