ATKR Stock Forecast & Price Target

Atkore Inc. exhibits a healthy balance sheet with a leverage ratio of approximately 1.3x, indicating financial stability and capacity for consistent capital allocation strategies, such as ongoing buybacks projected at a minimum of $150 million. Despite a slight reduction in EPS estimates to $6.68, concerns over lower volume and pricing within the Electrical segment, driven by costs related to PVC and steel conduit, suggest a proactive approach to managing operational expenses and aligning pricing strategies. The company’s diversified product offerings across its Electrical and Safety and Infrastructure segments, along with cost mitigation initiatives, position Atkore favorably for sustained revenue generation, particularly in its primary market of the United States.

Atkore Inc.'s negative outlook stems from a significant reduction in FY26 EPS estimates from $7.30 to $5.55 due to ongoing adverse price/cost trends affecting Steel and PVC Conduit. The company's limited capital deployment is also expected to exacerbate EBITDA declines, further impacting earnings per share. Additionally, with over 70% of Atkore's business tied to the cyclical nature of residential and non-residential construction, any downturns in these markets pose considerable earnings risk.