Allegheny Technologies (NYSE:ATI) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.15 per share for the quarter.

Allegheny Technologies (NYSE:ATI) last released its earnings results on Tuesday, October 24th. The basic materials company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). Allegheny Technologies had a negative net margin of 2.45% and a positive return on equity of 1.09%. The business had revenue of $869.10 million for the quarter, compared to the consensus estimate of $866.94 million. During the same period in the previous year, the firm earned ($0.21) EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect Allegheny Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Allegheny Technologies (NYSE:ATI) opened at $28.17 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.68 and a debt-to-equity ratio of 1.30. Allegheny Technologies has a fifty-two week low of $14.54 and a fifty-two week high of $29.39. The company has a market cap of $3,070.00, a P/E ratio of -34.35 and a beta of 2.39.

ATI has been the topic of a number of research reports. Cowen upgraded shares of Allegheny Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. KeyCorp reiterated a “hold” rating on shares of Allegheny Technologies in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of Allegheny Technologies from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Finally, Berenberg Bank set a $17.00 price target on shares of Allegheny Technologies and gave the company a “hold” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Allegheny Technologies presently has a consensus rating of “Hold” and a consensus target price of $21.29.

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About Allegheny Technologies

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts.

Earnings History for Allegheny Technologies (NYSE:ATI)

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