Atkore Inc (NYSE: ATKR) closed the day trading at $179.52 down -4.35% from the previous closing price of $187.69. In other words, the price has decreased by -$8.17 from its previous closing price. On the day, 855393 shares were traded.
Ratios:
For a better understanding of ATKR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.99 and its Current Ratio is at 2.96. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.59.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on December 13, 2022, initiated with a Buy rating and assigned the stock a target price of $146.
On October 19, 2022, Loop Capital started tracking the stock assigning a Buy rating and target price of $110.
On March 18, 2021, CJS Securities started tracking the stock assigning a Market Outperform rating and target price of $90.CJS Securities initiated its Market Outperform rating on March 18, 2021, with a $90 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 14 ’24 when Lowe LeAngela W. sold 6,500 shares for $176.07 per share. The transaction valued at 1,144,435 led to the insider holds 25,590 shares of the business.
Kershaw Justin A sold 1,099 shares of ATKR for $188,773 on Mar 13 ’24. The Director now owns 16,686 shares after completing the transaction at $171.77 per share. On Mar 04 ’24, another insider, Waltz William E Jr., who serves as the President and CEO of the company, sold 50,000 shares for $173.85 each. As a result, the insider received 8,692,350 and left with 83,716 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ATKR now has a Market Capitalization of 6.60B and an Enterprise Value of 7.13B. As of this moment, Atkore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.76, and their Forward P/E ratio for the next fiscal year is 9.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 4.41. Its current Enterprise Value per Revenue stands at 2.05 whereas that against EBITDA is 7.34.
Stock Price History:
Over the past 52 weeks, ATKR has reached a high of $194.98, while it has fallen to a 52-week low of $116.14. The 50-Day Moving Average of the stock is 163.56, while the 200-Day Moving Average is calculated to be 150.03.
Shares Statistics:
Over the past 3-months, ATKR traded about 442.59K shares per day on average, while over the past 10 days, ATKR traded about 458.94k shares per day. A total of 37.32M shares are outstanding, with a floating share count of 36.24M. Insiders hold about 1.43% of the company’s shares, while institutions hold 108.10% stake in the company. Shares short for ATKR as of Mar 15, 2024 were 5.2M with a Short Ratio of 11.74, compared to 4.9M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.13% and a Short% of Float of 18.70%.
Dividends & Splits
ATKR’s forward annual dividend rate is 0.32, up from 0.00 a year ago. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 0.69%.
Earnings Estimates
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of $3.8 for the current quarter, with a high estimate of $4.12 and a low estimate of $3.69, while EPS last year was $4.87. The consensus estimate for the next quarter is $4.66, with high estimates of $4.74 and low estimates of $4.56.
Analysts are recommending an EPS of between $17.25 and $16.83 for the fiscal current year, implying an average EPS of $17.01. EPS for the following year is $17.98, with 4 analysts recommending between $18.14 and $17.8.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for ATKR’s current fiscal year. The highest revenue estimate was $3.56B, while the lowest revenue estimate was $3.5B, resulting in an average revenue estimate of $3.53B. In the same quarter a year ago, actual revenue was $3.52B, up 0.30% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $3.72B in the next fiscal year. The high estimate is $3.76B and the low estimate is $3.67B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
