ATI (ATI) Scheduled to Post Quarterly Earnings on Tuesday

ATI (NYSE:ATI - Get Free Report) will announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. ATI had a net margin of 8.81% and a return on equity of 24.64%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. On average, analysts expect ATI to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

ATI Stock Performance

NYSE:ATI traded down $0.66 during trading hours on Tuesday, hitting $49.10. 1,272,203 shares of the company were exchanged, compared to its average volume of 1,290,983. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.80 and a quick ratio of 1.53. ATI has a 52-week low of $34.10 and a 52-week high of $52.98. The company's 50 day moving average price is $49.32 and its 200-day moving average price is $44.46. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.43 and a beta of 1.22.

Insider Buying and Selling at ATI

In other ATI news, VP Timothy J. Harris sold 6,325 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.44, for a total transaction of $268,433.00. Following the completion of the transaction, the vice president now owns 109,331 shares of the company's stock, valued at $4,640,007.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. KeyCorp increased their price target on shares of ATI from $56.00 to $58.00 and gave the company an "overweight" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on ATI in a research report on Thursday, April 11th. They set a "buy" rating and a $70.00 price target on the stock. Finally, TheStreet raised ATI from a "c+" rating to a "b-" rating in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

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.