ATI (ATI) to Release Earnings on Tuesday

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

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

ATI Trading Down 1.6 %

NYSE:ATI opened at $49.75 on Tuesday. The company has a current ratio of 2.80, a quick ratio of 1.53 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $6.19 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.43 and a beta of 1.22. The firm’s 50 day moving average is $49.18 and its 200 day moving average is $44.39. ATI has a 12 month low of $34.10 and a 12 month high of $52.98.

Insider Buying and Selling

In other ATI news, VP Timothy J. Harris sold 6,325 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.44, for a total value of $268,433.00. Following the sale, the vice president now owns 109,331 shares in the company, valued at $4,640,007.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports 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 target price on the stock. TheStreet upgraded shares of ATI from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Finally, KeyCorp boosted their price target on shares of ATI from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.