Allegheny Technologies (ATI) to Release Quarterly Earnings on Tuesday

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Allegheny Technologies (NYSE:ATI) will be posting its quarterly earnings results before the market opens on Tuesday, July 24th. Analysts expect Allegheny Technologies to post earnings of $0.34 per share for the quarter.

Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings data on Tuesday, April 24th. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $979.00 million during the quarter, compared to analysts’ expectations of $932.86 million. Allegheny Technologies had a positive return on equity of 4.75% and a negative net margin of 1.41%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. On average, analysts expect Allegheny Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Allegheny Technologies opened at $26.27 on Tuesday, Marketbeat Ratings reports. The stock has a market cap of $3.36 billion, a P/E ratio of 55.75 and a beta of 2.43. Allegheny Technologies has a 52 week low of $16.82 and a 52 week high of $30.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.70 and a quick ratio of 1.11.

In other news, VP Karl D. Schwartz sold 1,000 shares of the business’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $27.34, for a total transaction of $27,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Sims sold 30,000 shares of the business’s stock in a transaction dated Thursday, April 26th. The stock was sold at an average price of $27.34, for a total value of $820,200.00. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock valued at $874,660 in the last 90 days. 1.00% of the stock is owned by company insiders.

ATI has been the subject of several recent analyst reports. ValuEngine upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Cowen restated a “buy” rating and issued a $35.00 price target on shares of Allegheny Technologies in a report on Tuesday, June 26th. Zacks Investment Research cut Allegheny Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, April 27th. Goldman Sachs Group upgraded Allegheny Technologies from a “sell” rating to a “neutral” rating and set a $29.00 price target for the company in a report on Tuesday, May 29th. Finally, Barclays initiated coverage on Allegheny Technologies in a report on Thursday, March 29th. They issued an “overweight” rating and a $33.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Allegheny Technologies presently has a consensus rating of “Hold” and a consensus price target of $29.70.

About Allegheny Technologies

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.

Further Reading: Book Value Per Share – BVPS

Earnings History for Allegheny Technologies (NYSE:ATI)

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