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Here is how Atkore Inc. (ATKR) and Barnes Group (B) have performed compared to their sector so far this year.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Atkore Inc. (ATKR) came out with quarterly earnings of $4.87 per share, beating the Zacks Consensus Estimate of $4.11 per share. This compares to earnings of $5.39 per share a year ago.
Atkore is growing both organically and by acquisition with demand for products accelerating in multiple industries that they serve. Strong tailwinds in data center expansion, solar, and digital infrastructure buildout is supporting the growth into 2024 and beyond.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the “Company”) (NYSE: ATKR), a leading provider of electrical, safety and infrastructure solutions, today announced that the Company will release its Second Quarter Fiscal Year 2023 results before the market opens on Tuesday, May 9, 2023. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
IFNNY, ATKR, BLMN, ARLP and APG have been added to the Zacks Rank #1 (Strong Buy) List on April 3, 2023.
Here is how Atkore Inc. (ATKR) and Cintas (CTAS) have performed compared to their sector so far this year.
Atkore is a disciplined capital allocator that is executing well operationally and is benefiting from secular mega-trends such as the growth of data centers and renewable energy. However, the company benefited from a COVID-induced windfall pricing that is now normalizing and is also a cyclical stock that could see fundamental deteriorate in an upcoming recession.