ATI (NYSE:ATI – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.300-2.600 for the period, compared to the consensus EPS estimate of 2.280. The company issued revenue guidance of -. ATI also updated its FY24 guidance to $2.30-2.60 EPS.
ATI Stock Performance
ATI stock traded up $8.27 during midday trading on Tuesday, hitting $60.17. The stock had a trading volume of 4,049,563 shares, compared to its average volume of 1,322,029. The firm’s fifty day moving average is $49.73 and its two-hundred day moving average is $44.75. The company has a market capitalization of $7.49 billion, a PE ratio of 23.47, a P/E/G ratio of 1.46 and a beta of 1.22. ATI has a 52-week low of $34.10 and a 52-week high of $61.58. The company has a current ratio of 2.80, a quick ratio of 1.53 and a debt-to-equity ratio of 1.45.
ATI (NYSE:ATI – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. ATI had a net margin of 8.81% and a return on equity of 24.64%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted $0.53 EPS. The company’s revenue was up 5.3% on a year-over-year basis. On average, research analysts forecast that ATI will post 2.26 EPS for the current year.
Analysts Set New Price Targets
Get Our Latest Analysis on ATI
Insider Buying and Selling at ATI
In other news, VP Timothy J. Harris sold 6,325 shares of the business’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 completion of the sale, the vice president now directly owns 109,331 shares in the company, valued at $4,640,007.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.05% of the stock is currently owned by corporate insiders.
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.
Recommended Stories
- Five stocks we like better than ATI
- What is Short Interest? How to Use It
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Hilton Demonstrates Asset Light is Right for Investors
- What Are the U.K. Market Holidays? How to Invest and Trade
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for ATI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATI and related companies with MarketBeat.com's FREE daily email newsletter.