Allegheny Technologies (NYSE:ATI) will post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Allegheny Technologies to post earnings of $0.24 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Allegheny Technologies (NYSE:ATI) last issued its quarterly earnings results on Tuesday, January 22nd. The basic materials company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Allegheny Technologies had a net margin of 5.50% and a return on equity of 10.28%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $991.88 million. During the same period last year, the company earned $0.27 earnings per share. Allegheny Technologies’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, analysts expect Allegheny Technologies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Allegheny Technologies stock opened at $26.14 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.68 and a debt-to-equity ratio of 0.77. Allegheny Technologies has a fifty-two week low of $20.84 and a fifty-two week high of $30.18. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.95 and a beta of 2.39.
A number of analysts have weighed in on the stock. Macquarie downgraded shares of Allegheny Technologies from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $34.00 to $28.00 in a report on Friday. Zacks Investment Research raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Buckingham Research set a $45.00 price target on shares of Allegheny Technologies and gave the company a “buy” rating in a report on Monday, April 8th. Finally, ValuEngine raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Allegheny Technologies has a consensus rating of “Buy” and a consensus target price of $33.36.
In other news, Director Barabara S. Jeremiah sold 7,500 shares of the firm’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $25.61, for a total transaction of $192,075.00. Following the completion of the transaction, the director now directly owns 33,833 shares of the company’s stock, valued at approximately $866,463.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard J. Harshman sold 7,140 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $28.99, for a total transaction of $206,988.60. The disclosure for this sale can be found here. Insiders have sold a total of 45,628 shares of company stock valued at $1,301,542 over the last ninety days. 1.06% of the stock is owned by insiders.
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Allegheny Technologies Company Profile
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.
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