ATI (NYSE:ATI) Releases Q1 Earnings Guidance

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

ATI Stock Performance

ATI traded up $0.41 during trading on Wednesday, reaching $64.13. 289,034 shares of the company’s stock were exchanged, compared to its average volume of 1,434,466. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.94 and a quick ratio of 1.44. The company’s fifty day simple moving average is $57.03 and its 200-day simple moving average is $60.16. ATI has a 1 year low of $38.42 and a 1 year high of $68.92. The stock has a market capitalization of $9.15 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.19. ATI had a return on equity of 21.39% and a net margin of 8.85%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $0.64 earnings per share. ATI’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, research analysts predict that ATI will post 2.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of recent analyst reports. StockNews.com downgraded ATI from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. Susquehanna decreased their price target on shares of ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a research note on Wednesday, October 30th. Finally, KeyCorp cut ATI from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.71.

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction dated Wednesday, December 4th. The shares were 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. The trade was a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tina Killough Busch sold 2,598 shares of the 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 sale, 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 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.