ATMI (ATMI) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
ATMI (NASDAQ:ATMI) released its earnings data on Wednesday. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.03, AnalystRatingsNetwork.com reports. The company had revenue of $100.20 million for the quarter, compared to the consensus estimate of $105.22 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis.
Shares of ATMI (NASDAQ:ATMI) opened at 27.78 on Wednesday. ATMI has a 52 week low of $17.59 and a 52 week high of $27.53. The stock has a 50-day moving average of $24.79 and a 200-day moving average of $23.63. The company has a market cap of $886.2 million and a price-to-earnings ratio of 20.13.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of ATMI from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 7th. On a related note, analysts at Zacks downgraded shares of ATMI from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, July 29th. They now have a $23.50 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of ATMI in a research note to investors on Monday, July 29th. They now have a $26.00 price target on the stock, up previously from $22.00. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.75.
ATMI, Inc (NASDAQ:ATMI) is a supplier of materials, materials packaging and materials delivery systems used globally in the manufacture of microelectronics devices.
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