Seaport Res Ptn Weighs in on ATI Inc.’s Q4 2024 Earnings (NYSE:ATI)

ATI Inc. (NYSE:ATI) – Equities researchers at Seaport Res Ptn upped their Q4 2024 earnings estimates for shares of ATI in a report issued on Sunday, June 16th. Seaport Res Ptn analyst R. Safran now anticipates that the basic materials company will post earnings per share of $0.78 for the quarter, up from their previous estimate of $0.69. The consensus estimate for ATI’s current full-year earnings is $2.45 per share. Seaport Res Ptn also issued estimates for ATI’s Q1 2025 earnings at $0.66 EPS and FY2025 earnings at $3.10 EPS.

A number of other equities analysts also recently issued reports on the stock. Northcoast Research downgraded shares of ATI from a “neutral” rating to a “sell” rating in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft began coverage on ATI in a research note on Thursday, April 11th. They issued a “buy” rating and a $70.00 price objective on the stock. Barclays boosted their price objective on ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Finally, KeyCorp lifted their target price on ATI from $58.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

ATI Price Performance

ATI opened at $55.20 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.37. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 1.39 and a beta of 1.12. The firm’s fifty day moving average price is $56.92 and its two-hundred day moving average price is $49.37. ATI has a 1 year low of $35.03 and a 1 year high of $62.44.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.07. ATI had a net margin of 8.70% and a return on equity of 23.72%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm posted $0.49 EPS. ATI’s revenue was up .5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. purchased a new stake in ATI in the fourth quarter worth approximately $1,698,000. Ballentine Partners LLC purchased a new stake in shares of ATI in the fourth quarter worth $1,100,000. Louisiana State Employees Retirement System purchased a new stake in shares of ATI in the fourth quarter worth $2,901,000. Bornite Capital Management LP purchased a new stake in shares of ATI during the fourth quarter valued at $10,003,000. Finally, UBS Group AG boosted its position in shares of ATI by 156.8% during the fourth quarter. UBS Group AG now owns 157,369 shares of the basic materials company’s stock valued at $7,156,000 after buying an additional 96,078 shares during the last quarter.

ATI Company Profile

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.