ATI (NYSE:ATI – Get Free Report) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.54-0.60 for the period, compared to the consensus earnings per share estimate of $0.52. ATI also updated its FY 2024 guidance to 2.300-2.600 EPS.
ATI Price Performance
ATI traded up $8.98 during midday trading on Tuesday, reaching $60.88. 2,871,010 shares of the company’s stock were exchanged, compared to its average volume of 1,308,239. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.80 and a quick ratio of 1.53. The business’s 50-day moving average price is $49.73 and its 200 day moving average price is $44.75. ATI has a 1-year low of $34.10 and a 1-year high of $61.58. The stock has a market capitalization of $7.58 billion, a PE ratio of 23.47, a P/E/G ratio of 1.46 and a beta of 1.22.
ATI (NYSE:ATI – Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. ATI had a return on equity of 24.64% and a net margin of 8.81%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. As a group, equities analysts anticipate that ATI will post 2.26 EPS for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on ATI
Insider Buying and Selling at ATI
In other ATI news, VP Timothy J. Harris sold 6,325 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.44, for a total value of $268,433.00. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. 1.05% of the stock is owned by 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.
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