ATI (NYSE:ATI) Updates Q1 Earnings Guidance

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

Analysts Set New Price Targets

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

ATI Trading Up 9.8 %

NYSE ATI traded up $5.69 during trading hours on Tuesday, reaching $63.65. The company’s stock had a trading volume of 4,114,411 shares, compared to its average volume of 1,434,266. The stock has a market cap of $9.08 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.52 and a beta of 1.10. The firm has a fifty day simple moving average of $56.97 and a 200-day simple moving average of $60.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.94 and a quick ratio of 1.44. ATI has a 52 week low of $38.08 and a 52 week high of $68.92.

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

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the transaction, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This represents a 10.76 % 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.