KeyCorp Research Analysts Lift Earnings Estimates for ATI

ATI Inc. (NYSE:ATI - Free Report) - Investment analysts at KeyCorp lifted their FY2025 earnings per share estimates for ATI in a research note issued to investors on Monday, May 19th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will earn $3.07 per share for the year, up from their previous 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.

Several other research analysts have also issued reports on ATI. Susquehanna increased their target price on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. BTIG Research set a $90.00 price objective on ATI and gave the company a "buy" rating in a research report on Monday, May 5th. StockNews.com 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 price objective on shares of ATI in a research note on Monday, April 21st. Finally, Barclays upped their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.14.

ATI Stock Performance

Shares of ATI opened at $75.23 on Thursday. The company has a 50-day simple moving average of $56.20 and a two-hundred day simple moving average of $57.05. 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 capitalization of $10.61 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. ATI has a one year low of $39.23 and a one year high of $76.74.

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

Institutional Trading of ATI

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of ATI during the 4th quarter valued at about $249,000. Inspire Investing LLC boosted its stake in ATI by 17.3% during the fourth quarter. Inspire Investing LLC now owns 7,265 shares of the basic materials company's stock valued at $400,000 after buying an additional 1,070 shares during the last quarter. Blue Trust Inc. boosted its stake in ATI by 137.7% during the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after buying an additional 1,516 shares during the last quarter. KBC Group NV grew its holdings in ATI by 50.5% during the 4th quarter. KBC Group NV now owns 5,059 shares of the basic materials company's stock valued at $278,000 after buying an additional 1,697 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in ATI by 2.1% in the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock worth $643,000 after acquiring an additional 240 shares during the last quarter.

Insiders Place Their Bets

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

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