Atkore (ATKR) Scheduled to Post Quarterly Earnings on Thursday

Atkore (NYSE:ATKR) is set to post its quarterly earnings results before the market opens on Thursday, November 21st. Analysts expect Atkore to post earnings of $2.08 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Atkore Stock Performance

NYSE:ATKR opened at $87.97 on Tuesday. The stock’s 50-day moving average is $87.56 and its 200-day moving average is $115.60. The stock has a market cap of $3.16 billion, a P/E ratio of 6.25 and a beta of 2.13. Atkore has a 1-year low of $80.11 and a 1-year high of $194.98. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 27,626 shares of the company’s stock, valued at $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.56% of the stock is currently owned by corporate 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.