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

Atkore (NYSE:ATKR) released its earnings results on Monday. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.39, Briefing.com reports. Atkore had a positive return on equity of 10.11% and a negative net margin of 5.55%.The business had revenue of $794.80 million for the quarter, compared to the consensus estimate of $756.23 million. During the same quarter in the previous year, the business earned $2.17 earnings per share.

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 Atkore stock opened at $93.49 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 2.02 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $3.16 billion, a PE ratio of -26.12 and a beta of 1.68. The business’s 50-day moving average price is $77.17 and its 200-day moving average price is $71.14. Atkore has a 12 month low of $53.49 and a 12 month high of $93.60.

Atkore Announces Dividend

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

Insider Transactions at Atkore

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

Institutional Investors Weigh In On Atkore

Institutional investors have recently made changes to their positions in the business. Kestra Investment Management LLC raised its position in Atkore by 710.9% in the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after purchasing an additional 391 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Atkore by 1,263.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after purchasing an additional 480 shares during the last quarter. Strs Ohio purchased a new stake in Atkore during the first quarter valued at about $36,000. Jones Financial Companies Lllp boosted its position in Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 246 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Atkore during the fourth quarter valued at about $77,000.

Analyst Ratings Changes

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

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.