Atkore (ATKR) Set to Announce Quarterly Earnings on Thursday

Atkore (NYSE:ATKR) will issue its quarterly earnings data before the market opens on Thursday, November 21st. Analysts expect the company to announce earnings of $2.08 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Atkore Stock Performance

Shares of NYSE ATKR opened at $92.49 on Thursday. Atkore has a one year low of $80.11 and a one year high of $194.98. The business’s 50-day moving average price is $87.22 and its two-hundred day moving average price is $117.43. The company has a market capitalization of $3.32 billion, a P/E ratio of 6.49 and a beta of 2.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ATKR shares. Loop Capital cut their price objective on Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Royal Bank of Canada cut Atkore from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $175.00 to $100.00 in a research report on Wednesday, August 7th. B. Riley cut their price objective on Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, KeyCorp cut their price objective on Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Atkore has a consensus rating of “Moderate Buy” and a consensus target price of $131.60.

Insider Activity

In other news, insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the sale, the insider now directly owns 27,626 shares in the company, valued at approximately $2,667,290.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.56% of the company’s stock.

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.