Atkore Stock Analysis

ATKR -  USA Stock  

USD 71.25  0.66  0.92%

Atkore Inc price fall over the last few months could raise concerns from retail investors as the firm it trading at a share price of 71.25 on 209,700 in volume. The company executives were not very successful in positioning the firm resources to exploit market volatility in June. However, diversifying your holdings with Atkore Inc or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.4. The current volatility is consistent with the ongoing market swings in June 2021 as well as with Atkore unsystematic, company-specific events.
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The Atkore stock analysis report makes it easy to digest most publicly released information about Atkore and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Atkore Stock analysis module also helps to analyze the Atkore price relationship with some important fundamental indicators such as market cap and management efficiency.

Atkore Stock Analysis Notes

About 100.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 0.37. Atkore Inc recorded earning per share (EPS) of 5.92. The entity had not issued any dividends in recent years. Atkore Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions in the United States and internationally. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois. Atkore operates under Electrical Equipment Parts classification in the United States and is traded on New York Stock Exchange. It employs 3256 people. For more info on Atkore Inc please contact John Williamson at 708 339-1610 or go to www.atkore.com.

Atkore Quarterly Cost of Revenue

399.69 MillionShare

Atkore Inc Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Atkore's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Atkore Inc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Atkore Inc generates negative expected return over the last 90 days
Over 100.0% of the company shares are held by institutions such as insurance companies
Latest headline from markets.businessinsider.com: Atkore International, Inc. -- Moodys announces completion of a periodic review of ratings of Atkore Inc. - Markets Insider

Atkore Inc Upcoming and Recent Events

Earnings reports are used by Atkore to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Atkore previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report3rd of August 2021
Next Fiscal Quarter End30th of June 2021

Atkore SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Atkore prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Atkore investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Atkore Inc specific information freely available to individual and institutional investors to make a timely investment decision.
12th of July 2021
Financial Statements and Exhibits. Regulation FD Disclosure
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2nd of June 2021
Financial Statements and Exhibits. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Termination of a Material Definitive Agreement. Entry into a Material Definitive Agreement
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18th of May 2021
Financial Statements and Exhibits. Other Events
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28th of April 2021
Financial Statements and Exhibits. Regulation FD Disclosure. Results of Operations and Financial Condition
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24th of February 2021
Financial Statements and Exhibits. Regulation FD Disclosure
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16th of February 2021
Financial Statements and Exhibits. Regulation FD Disclosure
View
12th of February 2021
Financial Statements and Exhibits. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year
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11th of February 2021
Unclassified Corporate Event
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Atkore Thematic Classifications

In addition to having Atkore stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Electrical Equipment IdeaElectrical Equipment
USA Equities from Electrical Equipment industry as classified by Fama & French

Atkore Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 3.38 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Atkore's market, we take the total number of its shares issued and multiply it by Atkore's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Atkore Profitablity

Atkore's profitability indicators refer to fundamental financial ratios that showcase Atkore's ability to generate income relative to its revenue or operating costs. If, let's say, Atkore is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Atkore's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Atkore's profitability requires more research than a typical breakdown of Atkore's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 14.32 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 24.14 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.24.
Last ReportedProjected for 2021
Return on Investment 19.08  15.18 
Return on Average Assets 0.12  0.11 
Return on Average Equity 0.55  0.54 
Return on Invested Capital 0.19  0.17 
Return on Sales 0.16  0.17 

Management Efficiency

The entity has return on total asset (ROA) of 15.72 % which means that it generated profit of $15.72 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on stockholders equity (ROE) of 66.62 %, meaning that it created $66.62 on every $100 dollars invested by stockholders. Atkore management efficiency ratios could be used to measure how well atkore inc manages its routine affairs as well as how well it operates its assets and liabilities. As of 07/28/2021, Return on Sales is likely to grow to 0.17, while Return on Investment is likely to drop 15.18. Atkore Goodwill and Intangible Assets are relatively stable at the moment as compared to the past year. Atkore reported last year Goodwill and Intangible Assets of 510.13 Million. As of 07/28/2021, Tax Assets is likely to grow to about 769 K, while Current Assets are likely to drop slightly above 853.5 M.
Last ReportedProjected for 2021
Book Value per Share 9.21  7.45 
Enterprise Value over EBIT 6.30  7.53 
Enterprise Value over EBITDA 4.68  5.56 
Price to Book Value 2.56  3.62 
Tangible Assets Book Value per Share 27.13  23.70 
Enterprise ValueB2.1 B
Tangible Asset Value1.3 B1.2 B

Technical Drivers

As of the 28th of July, Atkore shows the mean deviation of 1.86, and Risk Adjusted Performance of (0.016413). Atkore Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for Atkore Inc, which can be compared to its rivals. Please confirm Atkore Inc information ratio, as well as the relationship between the potential upside and kurtosis to decide if Atkore Inc is priced correctly, providing market reflects its regular price of 71.25 per share. Given that Atkore has jensen alpha of (0.17), we suggest you to validate Atkore Inc's prevailing market performance to make sure the company can sustain itself at a future point.

Atkore Inc Price Movement Analysis

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Triple Exponential Moving Average (T3) indicator is developed by Tim Tillson as Atkore Inc price series composite of a single exponential moving average, a double exponential moving average and a triple exponential moving average. View also all equity analysis or get more info about triple exponential moving average t3 overlap studies indicator.

Atkore Inc Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Atkore insiders, such as employees or executives, is commonly permitted as long as it does not rely on Atkore's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Atkore insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Atkore Predictive Daily Indicators

Atkore intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Atkore stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Atkore Forecast Models

Atkore time-series forecasting models is one of many Atkore's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Atkore's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Atkore Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Atkore stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Atkore shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Atkore. By using and applying Atkore Stock analysis, traders can create a robust methodology for identifying Atkore entry and exit points for their positions.
Last ReportedProjected for 2021
Operating Margin 12.21  13.17 
EBITDA Margin 0.22  0.17 
Gross Margin 0.32  0.29 
Profit Margin 0.1  0.10 
Atkore Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions in the United States and internationally. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois. Atkore operates under Electrical Equipment Parts classification in the United States and is traded on New York Stock Exchange. It employs 3256 people.

Current Atkore Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Atkore analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Atkore analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
68.0Buy2Odds
Atkore Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Atkore analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Atkore stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Atkore Inc, talking to its executives and customers, or listening to Atkore conference calls.
Atkore Analyst Advice Details

Atkore Stock Analysis Indicators

Atkore Inc stock analysis indicators help investors evaluate how Atkore stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Atkore shares will generate the highest return on investment. By understating and applying Atkore stock analysis, traders can identify Atkore position entry and exit signals to maximize returns.
Quick Ratio2.26
Fifty Two Week Low20.42
Revenue Growth40.40%
Average Daily Volume Last 10 Day283.46k
Shares Short Prior Month871.03k
Average Daily Volume In Three Month428.63k
Earnings Growth222.50%
Shares Percent Shares Out1.82%
Earnings Quarterly Growth218.80%
Gross Margins33.38%
Forward Price Earnings12.65
Short Percent Of Float2.07%
Float Shares46.59M
Fifty Two Week High90.08
Fifty Day Average71.66
Enterprise Value To Ebitda7.84
Two Hundred Day Average68.53
Enterprise Value To Revenue1.89
Please continue to Trending Equities. Note that the Atkore Inc information on this page should be used as a complementary analysis to other Atkore's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.

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When running Atkore Inc price analysis, check to measure Atkore's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atkore is operating at the current time. Most of Atkore's value examination focuses on studying past and present price action to predict the probability of Atkore's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Atkore's price. Additionally, you may evaluate how the addition of Atkore to your portfolios can decrease your overall portfolio volatility.
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The market value of Atkore Inc is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore's value that differs from its market value or its book value, called intrinsic value, which is Atkore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atkore's market value can be influenced by many factors that don't directly affect Atkore Inc underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atkore's value and its price as these two are different measures arrived at by different means. Investors typically determine Atkore value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.