ATI (NYSE:ATI) Updates Q1 Earnings Guidance

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

ATI Stock Up 9.8 %

ATI traded up $5.69 during trading on Tuesday, reaching $63.65. The company had a trading volume of 4,114,411 shares, compared to its average volume of 1,434,266. The company has a market cap of $9.08 billion, a P/E ratio of 24.48, a PEG ratio of 1.52 and a beta of 1.10. ATI has a 12 month low of $38.08 and a 12 month high of $68.92. The business’s fifty day moving average price is $56.97 and its 200 day moving average price is $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 (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, topping analysts’ consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. ATI’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. Equities analysts anticipate that ATI will post 2.28 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was 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 of the company’s stock, valued at $1,293,611.06. This represents a 10.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total value of $1,474,750.00. Following the transaction, the chairman now owns 436,443 shares in the company, 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. 1.05% of the stock is currently owned by corporate insiders.

ATI Company Profile

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.