KeyCorp Has Positive Forecast for ATI FY2025 Earnings

ATI Inc. (NYSE:ATI - Free Report) - Research analysts at KeyCorp lifted their FY2025 earnings estimates for shares of ATI in a research note issued to investors on Monday, May 19th. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings per share of $3.07 for the year, up from their prior forecast of $2.82. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for ATI's current full-year earnings is $2.89 per share.

A number of other research analysts also recently commented on the stock. BTIG Research set a $90.00 target price on shares of ATI and gave the company a "buy" rating in a research report on Monday, May 5th. Wall Street Zen raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Benchmark reissued a "buy" rating and set a $81.00 target price on shares of ATI in a research report on Monday, April 21st. Citigroup raised shares of ATI to a "positive" rating in a research report on Tuesday, May 20th. Finally, Susquehanna lifted their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $76.14.

ATI Stock Up 4.8%

NYSE ATI traded up $3.61 during trading on Thursday, reaching $79.25. 658,253 shares of the company's stock traded hands, compared to its average volume of 1,749,684. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The company's 50 day simple moving average is $57.65 and its two-hundred day simple moving average is $57.46. ATI has a 12-month low of $39.23 and a 12-month high of $79.35.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS.

Insiders Place Their Bets

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total transaction of $3,409,000.00. Following the sale, the chairman now owns 506,538 shares of the company's stock, valued at approximately $34,535,760.84. The trade was a 8.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

Institutional Trading of ATI

Several large investors have recently bought and sold shares of the stock. Intech Investment Management LLC grew its position in ATI by 104.3% during the 1st quarter. Intech Investment Management LLC now owns 58,458 shares of the basic materials company's stock worth $3,042,000 after purchasing an additional 29,838 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in ATI by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 658,195 shares of the basic materials company's stock worth $34,246,000 after purchasing an additional 61,021 shares during the last quarter. United Services Automobile Association purchased a new stake in ATI during the 1st quarter worth approximately $460,000. Goldman Sachs Group Inc. grew its position in ATI by 49.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock worth $32,984,000 after purchasing an additional 209,480 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in ATI during the 1st quarter worth approximately $324,000.

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.