ATKR Stock Recent 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 John Deitzer, Chief Financial Officer, is scheduled to attend the 2024 RBC Capital Markets Global Industrials Conference on Wednesday, September 25, 2024. To learn more about Atkore Inc. please visit the company's website at https://investors.atkore.com/. About Atkore Inc.

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.

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 David Johnson has submitted his resignation as Vice President, Chief Financial Officer and Chief Accounting Officer, effective close of business on August 9, 2024, to pursue a career opportunity outside of the electrical industry. The Company has appointed John Deitzer as i.