FY2025 Earnings Forecast for ATI Issued By KeyCorp

ATI Inc. (NYSE:ATI - Free Report) - Equities research analysts at KeyCorp issued their FY2025 EPS estimates for shares of ATI in a report released on Tuesday, April 22nd. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings of $2.82 per share for the year. KeyCorp currently has a "Overweight" rating and a $55.00 target price on the stock. The consensus estimate for ATI's current full-year earnings is $2.89 per share.

Several other research analysts have also weighed in on the company. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Benchmark restated a "buy" rating and set a $81.00 price target on shares of ATI in a research report on Monday, April 21st. Barclays raised their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Finally, Susquehanna raised their price target on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $73.29.

ATI Trading Up 0.1 %

ATI stock traded up $0.04 during mid-day trading on Friday, hitting $53.81. The company's stock had a trading volume of 876,127 shares, compared to its average volume of 1,695,311. The firm has a market capitalization of $7.59 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. ATI has a 1 year low of $39.23 and a 1 year high of $68.92. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The stock's fifty day moving average is $51.22 and its two-hundred day moving average is $55.88.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share.

Institutional Trading of ATI

Several hedge funds have recently modified their holdings of the stock. Capital International Investors raised its stake in shares of ATI by 5.4% in the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock valued at $875,190,000 after acquiring an additional 817,182 shares in the last quarter. Vanguard Group Inc. raised its stake in ATI by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock valued at $844,061,000 after buying an additional 2,020,313 shares in the last quarter. Capital World Investors raised its stake in ATI by 100.5% in the fourth quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock valued at $378,432,000 after buying an additional 3,446,919 shares in the last quarter. Invesco Ltd. raised its stake in ATI by 4.5% in the fourth quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company's stock valued at $258,495,000 after buying an additional 203,742 shares in the last quarter. Finally, Dendur Capital LP raised its stake in ATI by 601.7% in the fourth quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock valued at $196,328,000 after buying an additional 3,058,628 shares in the last quarter.

Insider Activity

In other news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the sale, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% 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.