ATI (NYSE:ATI) Updates Q1 Earnings Guidance

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

ATI Stock Performance

Shares of ATI stock traded up $0.07 during trading on Thursday, reaching $65.93. 64,052 shares of the company’s stock traded hands, compared to its average volume of 1,455,765. The company has a market capitalization of $9.40 billion, a P/E ratio of 25.38, 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 firm’s 50-day moving average is $57.14 and its 200 day moving average is $60.20. ATI has a 1 year low of $39.04 and a 1 year high of $68.92.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a net margin of 8.85% and a return on equity of 21.39%. ATI’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. Equities research analysts expect that ATI will post 2.28 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on ATI shares. Susquehanna increased their target price on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research note on Wednesday. KeyCorp cut shares of ATI from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.14.

Insider Activity

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the transaction, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now directly owns 436,443 shares of the company’s stock, 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. Insiders own 1.05% of the company’s stock.

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.