Atkore Inc. (ATKR) to Issue Quarterly Dividend of $0.33 on May 29th

Atkore Inc. (NYSE:ATKR) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.33 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, May 19th.

Atkore has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Atkore to earn $5.50 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 24.0%.

Atkore Trading Down 2.8%

NYSE ATKR opened at $74.27 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.02 and a current ratio of 2.64. The firm has a market cap of $2.51 billion, a PE ratio of -20.75 and a beta of 1.67. Atkore has a one year low of $53.49 and a one year high of $80.06. The firm’s fifty day moving average is $66.22 and its two-hundred day moving average is $66.44.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. The company had revenue of $731.38 million for the quarter, compared to analyst estimates of $714.18 million. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. Atkore’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Analysts expect that Atkore will post 4.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ATKR shares. Citigroup lifted their price objective on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on shares of Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Roth Mkm lifted their price objective on shares of Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $81.67.

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.