Atkore Inc. (NYSE:ATKR), a leading manufacturer of electrical raceway products, primarily serves the construction and industrial markets. The company operates in the Zacks Wire and Cable Products industry, competing with other key players in the sector. On February 10, 2025, Mark F. Lamps, President of Safety & Infrastructure at ATKR, sold 500 shares of the company's common stock at $65 each. This transaction, classified as an S-Sale, leaves Lamps with approximately 33,760 shares of ATKR.
Atkore's recent financial performance shows mixed results. The company reported quarterly earnings of $1.63 per share, surpassing the Zacks Consensus Estimate of $1.50, resulting in an earnings surprise of 8.67%. However, this is a significant decrease from the $4.12 per share reported in the same quarter a year ago. Despite this decline, the company has exceeded consensus EPS estimates twice in the last four quarters.
Revenue for the quarter ending December 2024 was $661.6 million, falling short of the Zacks Consensus Estimate by 2.52% and down from $798.48 million in the previous year. Despite this, Atkore's President and CEO, Bill Waltz, highlighted a mid-single-digit increase in net sales from their metal framing, cable management, and construction services product areas. Waltz remains optimistic about continued momentum in these segments over the next three quarters.
Atkore's valuation metrics suggest a relatively low market valuation. The company's price-to-earnings (P/E) ratio is approximately 6.34, and its price-to-sales ratio is about 0.78. The enterprise value to sales ratio is 0.98, slightly higher when considering debt and cash. The enterprise value to operating cash flow ratio is around 6.46, indicating a strong cash generation ability relative to its valuation.
The company's financial health is further supported by an earnings yield of approximately 15.76%, a debt-to-equity ratio of 0.61, and a current ratio of 3.03. These figures indicate a moderate level of debt, strong liquidity, and potential returns for investors. Atkore remains focused on executing its strategy and investing in growth initiatives, particularly in water and global construction services.
