ATI (ATI) Projected to Post Earnings on Tuesday

ATI (NYSE:ATI) is projected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.60 per share and revenue of $1,068,719.52 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.12 billion. ATI had a net margin of 8.85% and a return on equity of 21.39%. During the same quarter last year, the business posted $0.55 earnings per share. The business’s revenue was up 2.5% 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 Stock Down 4.0 %

Shares of NYSE ATI opened at $56.19 on Tuesday. The firm’s 50-day moving average is $57.02 and its two-hundred day moving average is $60.18. The company has a market capitalization of $8.02 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.53 and a beta of 1.12. ATI has a 12-month low of $38.04 and a 12-month high of $68.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.94 and a quick ratio of 1.44.

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the sale, the senior vice president now directly owns 21,553 shares in the company, valued at $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value of $1,474,750.00. Following the completion of the transaction, the chairman now directly owns 436,443 shares in the company, valued at $25,745,772.57. This represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of analyst reports. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a report on Friday, January 17th. KeyCorp lowered ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Susquehanna reduced their target price on shares of ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of ATI from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.71.

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.