Atkore (NYSE:ATKR – Get Free Report) posted its quarterly earnings results on Monday. The company reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.86, Briefing.com reports. The firm had revenue of $792.90 million during the quarter, compared to the consensus estimate of $808.22 million. Atkore had a return on equity of 46.79% and a net margin of 18.80%. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.31 earnings per share.
Atkore Trading Up 2.0 %
ATKR opened at $157.35 on Wednesday. The firm has a market capitalization of $5.79 billion, a P/E ratio of 9.25 and a beta of 2.19. The firm’s 50 day moving average is $176.72 and its 200-day moving average is $155.41. The company has a quick ratio of 1.99, a current ratio of 2.96 and a debt-to-equity ratio of 0.51. Atkore has a 52-week low of $116.14 and a 52-week high of $194.98.
Atkore Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, May 20th. Atkore’s dividend payout ratio (DPR) is 7.67%.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Atkore
Insider Activity
In other news, insider John W. Pregenzer sold 6,548 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $158.49, for a total transaction of $1,037,792.52. Following the completion of the sale, the insider now directly owns 30,430 shares in the company, valued at $4,822,850.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Atkore news, insider John W. Pregenzer sold 6,548 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $158.49, for a total value of $1,037,792.52. Following the transaction, the insider now directly owns 30,430 shares of the company’s stock, valued at approximately $4,822,850.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Justin A. Kershaw sold 1,099 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $171.77, for a total transaction of $188,775.23. Following the sale, the director now directly owns 16,686 shares of the company’s stock, valued at approximately $2,866,154.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,464 shares of company stock worth $25,124,751. 2.56% of the stock is currently owned by company insiders.
Atkore Company Profile
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.
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