ATI (NYSE:ATI) Issues FY25 Earnings Guidance

ATI (NYSE:ATI) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.80-3.00 for the period, compared to the consensus earnings per share estimate of $2.92. ATI also updated its FY 2025 guidance to 2.800-3.000 EPS.

ATI Stock Up 8.3 %

Shares of NYSE ATI traded up $4.84 during mid-day trading on Tuesday, reaching $62.80. 2,850,818 shares of the company’s stock were exchanged, compared to its average volume of 1,404,611. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.52 and a beta of 1.10. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The business has a fifty day simple moving average of $56.97 and a 200 day simple moving average of $60.13. ATI has a twelve month low of $38.08 and a twelve month high of $68.92.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. ATI’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. As a group, equities analysts expect that ATI will post 2.28 EPS for the current fiscal year.

Analysts Set New Price Targets

ATI has been the subject of several research analyst reports. KeyCorp downgraded ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. StockNews.com downgraded ATI from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. Finally, Susquehanna reduced their target price on ATI from $75.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, ATI has a consensus rating of “Hold” and an average price target of $73.71.

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value of $155,931.96. Following the sale, the senior vice president now owns 21,553 shares in the company, valued at approximately $1,293,611.06. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 436,443 shares in the company, valued at $25,745,772.57. This represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by corporate 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.