ATI (NYSE:ATI – Get Free Report) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.54-0.60 for the period, compared to the consensus estimate of $0.52. ATI also updated its FY 2024 guidance to 2.300-2.600 EPS.
ATI Trading Down 0.9 %
ATI stock traded down $0.55 during trading on Thursday, reaching $58.30. 788,103 shares of the company were exchanged, compared to its average volume of 1,349,328. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.53. The stock’s 50 day simple moving average is $50.29 and its two-hundred day simple moving average is $45.00. The company has a market capitalization of $7.25 billion, a P/E ratio of 23.63, a PEG ratio of 1.69 and a beta of 1.16. ATI has a 52-week low of $34.10 and a 52-week high of $61.58.
ATI (NYSE:ATI – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. ATI had a return on equity of 23.72% and a net margin of 8.70%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts expect that ATI will post 2.26 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on ATI
Insider Activity at ATI
In other ATI news, VP Timothy J. Harris sold 6,325 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.44, for a total value of $268,433.00. Following the sale, the vice president now directly owns 109,331 shares of the company’s stock, valued at approximately $4,640,007.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.71% of the stock is owned by corporate insiders.
ATI Company Profile
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.
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