Profile
Sector:
IndustrialsIndustry:
Electrical Equipment & PartsCountry:
United StatesIPO:
10 June 2016Website:
http://www.atkore.comNext earnings report:
21 November 2024Last dividends:
20 August 2024Next dividends:
N/APrice
after hours | Mon, 04 Nov 2024 23:20:44 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
ATKR Latest News
HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that the Company will release its Fourth Quarter Fiscal Year 2024 results before the market opens on Thursday, November 21, 2024. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day. Conference Call Information Dial In: 888-330-2446 (US.
Atkore stock has recently experienced a significant price crash, presenting a potential buying opportunity for retail investors. Discounted Cash Flow analysis supports ATKR stock's undervaluation and highlights its long-term growth prospects. Despite certain risks, the recommendation is to buy, based on strong fundamentals and substantial upside potential.
Atkore's shares have dropped significantly since June, but I see value based on the initial outlook for 2025, and a balanced capital allocation model. The company is seeing margin revert to normal after they rose spectacularly in a post-pandemic environment. Continued softness in pricing and demand, alongside an antitrust lawsuit, impacts the short-term outlook, but fundamental earnings support remains at 15 times earnings.
Valuation suggests Atkore is moderately undervalued, with potential upside of 27% based on continued aggressive buybacks and assuming market recovery from 2025 onwards. DMI indicates non-residential construction activity is going to increase over the coming 12 months, which will benefit ATKR. The Company's margins are expected to remain above pre-2020 levels due to increased electrical conduit and tubing demands, especially from data centers and renewables buildout.
ATKR stock has lost almost half its value in the last 4 months, and is currently trading below its key moving averages. We examine some of the key drivers behind the ongoing weakness. We then touch upon a few reasons why investors can afford to be hopeful at this stage.
Call Start: 08:00 January 1, 0000 8:45 AM ET Atkore Inc. (NYSE:ATKR ) Q3 2024 Earnings Conference Call August 6, 2024 08:00 ET Company Participants Matthew Kline - Vice President of Treasury & Investor Relations Bill Waltz - President & Chief Executive Officer David Johnson - Chief Financial Officer Conference Call Participants Andrew Kaplowitz - Citigroup Alex Rygiel - B. Riley Deane Dray - RBC Chris Moore - CJS Securities Chris Dankert - Loop Capital Operator Good morning.
Atkore Inc. (ATKR) came out with quarterly earnings of $3.80 per share, missing the Zacks Consensus Estimate of $4.03 per share. This compares to earnings of $5.72 per share a year ago.
HARVEY, Ill.--(BUSINESS WIRE)--The Board of Directors of Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today declared a quarterly cash dividend of $0.32 per share of common stock payable on August 30, 2024, to stockholders of record on August 20, 2024. About Atkore Inc. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, tele.
Investors need to pay close attention to Atkore (ATKR) stock based on the movements in the options market lately.
Atkore (ATKR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
What type of business is 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. The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Kaf-Tech, Heritage Plastics, Unistrut, Power-Strut, Cope, US Tray, FRE Composites, United Poly Systems, Calbond, and Calpipe. It serves various end markets, including new construction; maintenance, repair, and remodel; infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and governments through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers. The company was formerly known as Atkore International Group Inc. and changed its name to Atkore Inc. in February 2021. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois.
What sector is Atkore in?
Atkore is in the Industrials sector
What industry is Atkore in?
Atkore is in the Electrical Equipment & Parts industry
What country is Atkore from?
Atkore is headquartered in United States
When did Atkore go public?
Atkore initial public offering (IPO) was on 10 June 2016
What is Atkore website?
https://www.atkore.com
Is Atkore in the S&P 500?
No, Atkore is not included in the S&P 500 index
Is Atkore in the NASDAQ 100?
No, Atkore is not included in the NASDAQ 100 index
Is Atkore in the Dow Jones?
No, Atkore is not included in the Dow Jones index
When was Atkore the previous earnings report?
No data
When does Atkore earnings report?
The next expected earnings date for Atkore is 21 November 2024