Allegheny Technologies Incorporated Company Profile (NYSE:ATI)

Allegheny Technologies Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATI."

Allegheny Technologies Incorporated (NYSE:ATI) issued its earnings results on Tuesday, July, 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.02. The business earned $880.20 million during the quarter, compared to analysts' expectations of $874.95 million. Allegheny Technologies Incorporated had a positive return on equity of 0.08% and a negative net margin of 14.89%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) EPS. View Allegheny Technologies Incorporated's Earnings History.

Allegheny Technologies Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Allegheny Technologies Incorporated.

Allegheny Technologies Incorporated issued an update on its second quarter earnings guidance on Thursday, June, 29th. The company provided earnings per share guidance of $0.04-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.15. The company issued revenue guidance of $865-890 million, compared to the consensus revenue estimate of $875.64 million.

8 brokers have issued 1 year target prices for Allegheny Technologies Incorporated's stock. Their predictions range from $17.20 to $24.00. On average, they anticipate Allegheny Technologies Incorporated's share price to reach $20.65 in the next twelve months. View Analyst Ratings for Allegheny Technologies Incorporated.

Here are some recent quotes from research analysts about Allegheny Technologies Incorporated stock:

• 1. According to Zacks Investment Research, "Allegheny swung to a profit in second-quarter 2017, supported by higher sales across the board. Both earnings and sales beat the respective Zacks Consensus Estimate. Allegheny should benefit from its diversified global growth markets as well as cost reduction and restructuring measures. The company is seeing healthy demand from aerospace OEMs which should spur growth. However, Allegheny has underperformed the industry it belongs to over the past six months. Allegheny remains exposed to certain challenges in its core Flat Rolled Products segment including weakness across some major end-use markets. Depressed oil prices are also expected to hurt demand for Allegheny's products in the oil and gas market in the short haul." (8/7/2017)
• 2. Cowen and Company analysts commented, "Q1 EPS was in line ex 1x items, with positive FR EBIT, the first time since Q3:14." (4/25/2017)
• 3. Seaport Global Securities analysts commented, "We are upgrading ATI to Buy from Neutral, as ATI has erased nearly all of the gains following Q4:16 results, and we believe the move is now overdone. We have lowered our price target to $22 from $24, given the pullback in the group. Historically, ATI has held a strong correlation to nickel commodity pricing given stainless steel operations in the de-emphasized Flat Rolled segment. However, over the last two years ATI has significantly reduced the size of the Flat Rolled segment, and therefore earnings contributions from the aerospace-dominated High Performance segment will be the key driver of future growth. In the short term as the Flat Rolled segment recovers, nickel will have an impact but much reduced. Further, the ITC trade decision in early March removed the specter of Chinese imports causing the harm seen in '13-'15 to the Flat Rolled segment. ATI's guidance for the Higher Performance segment continues to only assume 42 737s produced per month, while Boeing has already announced it would go to 47 later this year. While we expect ATI to continue to correlate with nickel until HP aerospace contributions accelerate over the next 12 months, at this point we believe the current pullback is overdone." (3/16/2017)

Some companies that are related to Allegheny Technologies Incorporated include Polymetal International PLC (POLY), KAZ Minerals PLC (KAZ), Yamana Gold (AUY), Vedanta Resources plc (VED), New Gold (NGD), New Gold (NGD), Pretium Resources (PVG), MAG Silver Corp (MAG), Fortuna Silver Mines (FSM), McEwen Mining (MUX), Seabridge Gold (SA), Northern Dynasty Minerals Ltd (NAK), Dorchester Minerals, L.P. (DMLP), SolGold plc (SOLG), Central Asia Metals Ltd (CAML), Anglo Pacific Group plc (APF), Rose Petroleum PLC (ROSE) and Gold Resource (GORO).

Allegheny Technologies Incorporated's management team includes the folowing people:

• Richard J. Harshman, Chairman of the Board, President, Chief Executive Officer
• Patrick J. DeCourcy, Chief Financial Officer, Senior Vice President - Finance
• Elizabeth C. Powers, Chief Human Resource Officer, Senior Vice President
• John D. Sims, Executive Vice President - High Performance Materials and Components Segment
• Robert S. Wetherbee, Executive Vice President - Flat Rolled Products
• Elliot S. Davis, Senior Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary
• Kevin B. Kramer, Senior Vice President, Chief Commercial
• Karl D. Schwartz, Chief Accounting Officer, Vice President, Controller
• Diane C. Creel, Lead Independent Director
• Carolyn Corvi, Independent Director

Allegheny Technologies Incorporated's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.39%), Iridian Asset Management LLC CT (8.01%), Sasco Capital Inc. CT (5.02%), State Street Corp (5.01%), Frontier Capital Management Co. LLC (4.96%) and Franklin Resources Inc. (4.81%). Company insiders that own Allegheny Technologies Incorporated stock include Elizabeth C Powers, Elliot S Davis, John R Pipski, Kevin B Kramer, Maria Pui-Ching Au and Richard J Harshman. View Institutional Ownership Trends for Allegheny Technologies Incorporated.

Allegheny Technologies Incorporated's stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Edmond DE Rothschild Holding S.A., Caxton Associates LP, Ameriprise Financial Inc., Franklin Resources Inc., Tricadia Capital Management LLC, Carmignac Gestion and Prudential PLC. View Insider Buying and Selling for Allegheny Technologies Incorporated.

Allegheny Technologies Incorporated's stock was purchased by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Monarch Partners Asset Management LLC, Frontier Capital Management Co. LLC, Sasco Capital Inc. CT, Broadview Advisors LLC, Neuberger Berman Group LLC, Balyasny Asset Management LLC and New York State Common Retirement Fund. Company insiders that have bought Allegheny Technologies Incorporated stock in the last two years include Elizabeth C Powers, Elliot S Davis, John R Pipski, Kevin B Kramer, Maria Pui-Ching Au and Richard J Harshman. View Insider Buying and Selling for Allegheny Technologies Incorporated.

Shares of Allegheny Technologies Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Allegheny Technologies Incorporated stock can currently be purchased for approximately $22.72.