AtkoreNYSE: ATKR

Atkore shares have fallen recently, but the company remains a long-term growth play on the electrification of the economy. Despite peak earnings coming down, Atkore's earnings power remains impressive in relation to its valuation, making it an appealing investment opportunity. The company's balanced capital allocation model, focus on share buybacks, and modest leverage ratios contribute to its attractiveness as an investment.

HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the “Company” or “Atkore”) (NYSE: ATKR) today announced it has published Environmental Product Declarations (EPDs) for its Galvanized Steel, Stainless Steel, and PVC Conduit & Fittings portfolios. Verified by an independent third party, each EPD contains a product's life cycle assessment that measures its environmental impact, such as greenhouse gas emissions, energy use, water consumption, waste generation, and other factors. “Atkore has a long-s.

Increased volatility on Wall Street has some investors concerned about the possibility of double-digit declines or a crash in the near future. Despite the potential for disruption to portfolios, savvy investors view a significant drop in stock prices as a chance to purchase high-quality assets, such as small-cap shares, at appealing prices.

All investors should consider Russell 2000 stocks that have strong buy ratings, as these stocks typically have lower valuations than the more expensive large-cap stocks in the FAANG group and the Nasdaq composite.

A hardware and software company helps infrastructure builders generate significant productivity. Copper is a key component in global infrastructure, and in electrification in particular.

Sirius XM just unveiled its first direct bet on AI technologies to boost its advertising efficiency. Atkore benefits directly from the AI and semiconductor manufacturing boom, offering robust growth at a bargain price.

Atkore Inc. has reported a decline in net sales and adjusted EBITDA for the first quarter of 2024. Despite economic headwinds, the company showed strong organic volume growth in the electrical sector. Atkore has introduced a dividend with potential for significant future growth, given its low payout ratio.

Atkore Inc. (ATKR) Q1 2024 Earnings Call Transcript

Atkore Inc. (ATKR) came out with quarterly earnings of $4.12 per share, beating the Zacks Consensus Estimate of $3.54 per share. This compares to earnings of $4.61 per share a year ago.