ATI (NYSE:ATI) Issues Q1 Earnings Guidance

ATI (NYSE:ATI) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.55-0.61 for the period, compared to the consensus earnings per share estimate of $0.59. ATI also updated its FY 2025 guidance to 2.800-3.000 EPS.

Analysts Set New Price Targets

A number of research firms have commented on ATI. StockNews.com downgraded shares of ATI from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. KeyCorp cut shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Susquehanna dropped their price objective on ATI from $75.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $73.71.

ATI Price Performance

ATI stock traded up $0.41 during trading on Wednesday, hitting $64.13. 289,034 shares of the company’s stock traded hands, compared to its average volume of 1,434,466. The business has a fifty day simple moving average of $57.03 and a 200 day simple moving average of $60.16. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.52 and a beta of 1.10. ATI has a 52 week low of $38.42 and a 52 week high of $68.92.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.19. ATI had a return on equity of 21.39% and a net margin of 8.85%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.64 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts expect that ATI will post 2.28 EPS for the current fiscal year.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total value of $155,931.96. Following the transaction, the senior vice president now directly owns 21,553 shares in the company, valued at approximately $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chairman now owns 436,443 shares of the company’s stock, valued at $25,745,772.57. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

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.