ATI (ATI) to Release Earnings on Tuesday

ATI (NYSE:ATI) will announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. ATI had a net margin of 8.81% and a return on equity of 24.64%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts expect ATI to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

ATI Price Performance

ATI stock opened at $51.75 on Friday. The firm has a market capitalization of $6.44 billion, a PE ratio of 20.62, a P/E/G ratio of 1.41 and a beta of 1.22. The company has a quick ratio of 1.53, a current ratio of 2.80 and a debt-to-equity ratio of 1.45. The firm’s 50-day simple moving average is $49.61 and its 200 day simple moving average is $44.64. ATI has a 52 week low of $34.10 and a 52 week high of $52.98.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ATI. Deutsche Bank Aktiengesellschaft began coverage on shares of ATI in a report on Thursday, April 11th. They set a “buy” rating and a $70.00 price objective on the stock. TheStreet raised shares of ATI from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Finally, KeyCorp increased their target price on shares of ATI from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Insider Buying and Selling

In other ATI news, VP Timothy J. Harris sold 6,325 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.44, for a total value of $268,433.00. Following the sale, the vice president now directly owns 109,331 shares in the company, valued at $4,640,007.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.71% of the stock is currently owned by company insiders.

About ATI

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.