ATI (ATI) to Release Earnings on Tuesday

ATI (NYSE:ATI) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect ATI to post earnings of $0.60 per share and revenue of $1.07 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

ATI Trading Down 1.1 %

NYSE:ATI opened at $57.16 on Monday. ATI has a 52 week low of $38.04 and a 52 week high of $68.92. The company has a quick ratio of 1.44, a current ratio of 2.94 and a debt-to-equity ratio of 0.97. The company has a market cap of $8.15 billion, a PE ratio of 21.99, a P/E/G ratio of 1.60 and a beta of 1.12. The business’s 50 day moving average is $57.01 and its two-hundred day moving average is $60.14.

Insider Transactions at ATI

In related news, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now directly owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. The trade was a 5.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the transaction, the senior vice president now directly owns 21,553 shares in the company, valued at approximately $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ATI shares. StockNews.com lowered ATI from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. KeyCorp downgraded ATI from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Susquehanna cut their price objective on ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.71.

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.