Allegheny Technologies (ATI) to Release Quarterly Earnings on Tuesday

Allegheny Technologies (NYSE:ATI) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

Allegheny Technologies (NYSE:ATI) last released its quarterly earnings results on Tuesday, January 23rd. The basic materials company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. Allegheny Technologies had a positive return on equity of 3.47% and a negative net margin of 2.61%. The firm had revenue of $909.90 million for the quarter, compared to analysts’ expectations of $898.22 million. During the same quarter last year, the firm posted ($0.04) EPS. The company’s revenue was up 14.3% compared to the same quarter last year. On average, analysts expect Allegheny Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:ATI opened at $25.94 on Monday. Allegheny Technologies has a twelve month low of $14.54 and a twelve month high of $30.25. The stock has a market capitalization of $3,259.65, a price-to-earnings ratio of 54.04 and a beta of 2.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 2.69.

ATI has been the topic of several recent analyst reports. Bank of America raised Allegheny Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $25.61 to $32.00 in a report on Friday, March 2nd. They noted that the move was a valuation call. Cowen reaffirmed a “buy” rating and issued a $35.00 price target on shares of Allegheny Technologies in a report on Friday, April 13th. KeyCorp set a $31.00 price target on Allegheny Technologies and gave the company a “buy” rating in a report on Tuesday, April 3rd. Buckingham Research raised their price target on Allegheny Technologies from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, JPMorgan Chase raised their price target on Allegheny Technologies from $18.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.22.

TRADEMARK VIOLATION NOTICE: “Allegheny Technologies (ATI) to Release Quarterly Earnings on Tuesday” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3380535/allegheny-technologies-ati-to-release-quarterly-earnings-on-tuesday.html.

Allegheny Technologies Company Profile

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces, converts, and distributes a range of high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.

Earnings History for Allegheny Technologies (NYSE:ATI)

Receive News & Ratings for Allegheny Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegheny Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

TopBuild  Hits New 52-Week High and Low at $84.52
TopBuild Hits New 52-Week High and Low at $84.52
Nu Skin Enterprises  Sets New 52-Week High and Low at $81.72
Nu Skin Enterprises Sets New 52-Week High and Low at $81.72
Jaguar Health  Shares Gap Down to $0.14
Jaguar Health Shares Gap Down to $0.14
ValuEngine Downgrades LG Display  to Strong Sell
ValuEngine Downgrades LG Display to Strong Sell
GTX  Upgraded at ValuEngine
GTX Upgraded at ValuEngine
Community Health Systems  Upgraded at ValuEngine
Community Health Systems Upgraded at ValuEngine


© 2006-2018 Ticker Report. Google+.