Crispr Therapeutics shares tumble after significant earnings miss
HARVEY, Ill. - Atkore Inc. (NYSE:ATKR) announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.33 per share of common stock, representing a 1.7% yield. The dividend will be payable on August 29, 2025, to stockholders of record as of August 19, 2025. According to InvestingPro data, the company maintains strong financial health with a GOOD overall rating.
Atkore, which manufactures electrical products for commercial, industrial, data center, telecommunications, and solar applications, reported sales of $3.2 billion in fiscal year 2024. The company, currently valued at $2.61 billion in market capitalization, employs approximately 5,600 people. Trading at a P/E ratio of 14.17, InvestingPro analysis suggests the stock is currently undervalued. For detailed insights and 10+ additional ProTips about Atkore’s performance, visit InvestingPro.
The dividend announcement comes as part of the company’s regular quarterly distribution to shareholders. Atkore’s products serve the growing markets of electrification and digital transformation.
The announcement was made via a press release statement from the company.
In other recent news, Atkore International Group Inc. reported its second quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $2.04, exceeding the projected $1.58, and recorded revenue of $701.7 million, which was above the anticipated $698.5 million. In another development, KeyBanc Capital Markets raised its price target for Atkore from $70.00 to $80.00 while maintaining an Overweight rating. This revision was influenced by the positive impact of tariffs, which have eased pricing pressures in the Metal/PVC conduit segment. KeyBanc analyst Jeffrey Hammond emphasized the tariffs’ role in improving Atkore’s business conditions. These recent developments reflect positively on Atkore’s financial performance and strategic positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.