ATI (NYSE:ATI – Get Free Report) updated its second quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.540-0.600 for the period, compared to the consensus EPS estimate of 0.520. The company issued revenue guidance of -. ATI also updated its FY 2024 guidance to 2.300-2.600 EPS.
ATI Price Performance
NYSE:ATI traded up $8.27 during trading hours on Tuesday, hitting $60.17. The company’s stock had a trading volume of 4,049,563 shares, compared to its average volume of 1,322,029. The stock has a fifty day simple moving average of $49.73 and a 200-day simple moving average of $44.75. The company has a market capitalization of $7.49 billion, a P/E ratio of 23.47, a PEG ratio of 1.46 and a beta of 1.22. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.80 and a quick ratio of 1.53. ATI has a twelve month low of $34.10 and a twelve month high of $61.58.
ATI (NYSE:ATI – Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. ATI had a return on equity of 24.64% and a net margin of 8.81%. ATI’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. On average, analysts anticipate that ATI will post 2.26 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on ATI
Insider Transactions at ATI
In related news, VP Timothy J. Harris sold 6,325 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.44, for a total transaction of $268,433.00. Following the completion of the sale, the vice president now directly owns 109,331 shares in the company, valued at approximately $4,640,007.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.05% of the company’s stock.
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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