ATI (NYSE:ATI) Releases Q1 Earnings Guidance

ATI (NYSE:ATI - Get Free Report) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.55-0.61 for the period, compared to the consensus estimate of $0.59. ATI also updated its FY 2025 guidance to 2.800-3.000 EPS.

ATI Stock Down 1.2 %

ATI stock traded down $0.78 during midday trading on Friday, reaching $62.73. The company had a trading volume of 1,654,742 shares, compared to its average volume of 1,519,570. The company has a 50 day moving average of $57.26 and a two-hundred day moving average of $60.23. The company has a market capitalization of $8.95 billion, a P/E ratio of 24.60, a PEG ratio of 1.69 and a beta of 1.10. ATI has a 1 year low of $39.71 and a 1 year high of $68.92. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.64 earnings per share. ATI's quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that ATI will post 2.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ATI. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a report on Thursday. KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Finally, Susquehanna lifted their price objective on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.14.

Insider Activity at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value of $1,474,750.00. Following the sale, the chairman now owns 436,443 shares of the company's stock, valued at $25,745,772.57. The trade was a 5.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Tina Killough Busch sold 9,900 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company's stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,498 shares of company stock worth $2,288,141. 0.71% of the stock is owned by insiders.

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.