Atkore (NYSE:ATKR) Releases Quarterly Earnings Results, Beats Estimates By $0.39 EPS

Atkore (NYSE:ATKR) announced its quarterly earnings data on Monday. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.53 by $0.39, Briefing.com reports. The firm had revenue of $794.80 million during the quarter, compared to analyst estimates of $756.23 million. Atkore had a negative net margin of 5.55% and a positive return on equity of 10.11%. During the same period last year, the firm posted $2.17 EPS.

Here are the key takeaways from Atkore’s conference call:

• Prysmian completed its acquisition of Atkore for an enterprise value of approximately $3.8 billion, expanding its U.S. electrification offering from cables into conduits, fittings, cable trays, framing and other installation components.
• Management expects approximately $150 million in synergies—roughly $100 million from commercial opportunities and $50 million from procurement, manufacturing and organizational efficiencies—phased broadly across 2027–2029.
• Prysmian anticipates high-single-digit EPS accretion from the first year and double-digit growth once synergies are fully implemented, while raising its solution-provider revenue mix above the previously targeted 55% in 2028.
• The transaction will be funded with approximately 20% equity, 20% hybrid debt and 60% conventional debt; management expects pro forma net leverage of about 1.4x EBITDA at the end of 2026 and says the structure preserves its investment-grade rating.
• Management identified roughly $45 million–$50 million of integration costs over three years and acknowledged pending DOJ litigation involving Atkore, with potential liabilities incorporated into the acquisition price.

Atkore Price Performance

Shares of NYSE ATKR remained flat at $93.53 during mid-day trading on Wednesday. The stock had a trading volume of 555,786 shares, compared to its average volume of 480,489. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. The stock has a market cap of $3.16 billion, a P/E ratio of -26.13 and a beta of 1.68. The business’s fifty day moving average price is $77.17 and its 200-day moving average price is $71.14. Atkore has a twelve month low of $53.49 and a twelve month high of $93.60.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a yield of 1.4%. Atkore’s dividend payout ratio is -36.87%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Roth Capital cut shares of Atkore from a “buy” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $92.00 in a report on Tuesday. Royal Bank Of Canada set a $76.00 target price on Atkore in a research report on Thursday, July 16th. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research note on Sunday, July 26th. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research note on Wednesday, July 29th. Finally, Citigroup lifted their target price on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.33.

Insider Activity at Atkore

In related news, Director Wilbert W. James, Jr. sold 3,299 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $73.61, for a total value of $242,839.39. Following the transaction, the director directly owned 17,063 shares of the company’s stock, valued at $1,256,007.43. This trade represents a 16.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Justin A. Kershaw sold 2,799 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $73.67, for a total value of $206,202.33. Following the completion of the sale, the director directly owned 18,610 shares of the company’s stock, valued at $1,370,998.70. The trade was a 13.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATKR. EP Wealth Advisors LLC purchased a new stake in Atkore during the fourth quarter worth $232,000. &PARTNERS purchased a new position in Atkore during the 4th quarter valued at about $228,000. CIBC Bancorp USA Inc. acquired a new position in Atkore during the third quarter worth about $225,000. State of Tennessee Department of Treasury acquired a new position in Atkore during the second quarter worth about $202,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Atkore by 29.2% in the fourth quarter. Osaic Holdings Inc. now owns 2,143 shares of the company’s stock valued at $136,000 after purchasing an additional 484 shares in the last quarter.

Atkore Company Profile

Atkore International Group Inc (NYSE: ATKR) is a diversified global manufacturer of electrical raceway and mechanical products, serving a broad range of end markets including commercial construction, industrial facilities and energy infrastructure. The company’s electrical product portfolio encompasses conduit, tubing, fittings, connectors and cable management systems designed for use in residential, commercial and industrial wiring applications. On the mechanical side, Atkore offers pipe support solutions, seismic bracing, HVAC hangers and other mechanical products that address critical building and process piping needs.

Founded as a family-owned business before its reorganization into a standalone public company in 2016, Atkore has grown through both organic investment and targeted acquisitions.