Allegheny Technologies (ATI) to Release Quarterly Earnings on Wednesday
Allegheny Technologies (NYSE:ATI) is scheduled to announce its earnings results on Wednesday, January 22nd. Investors that wish to listen to the company’s conference call can do so using this link.
Allegheny Technologies (NYSE:ATI) last released its earnings data on Wednesday, October 23rd. The company reported ($0.27) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.30) by $0.03. The company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.32 earnings per share. Allegheny Technologies’s revenue was down 14.1% compared to the same quarter last year. On average, analysts expect Allegheny Technologies to post $-0.35 EPS for the current fiscal year and $0.74 EPS for the next fiscal year.
Allegheny Technologies (NYSE:ATI) opened at 36.30 on Tuesday. Allegheny Technologies has a 1-year low of $25.60 and a 1-year high of $36.70. The stock has a 50-day moving average of $34.20 and a 200-day moving average of $30.92. The company’s market cap is $3.920 billion.
Several analysts have recently commented on the stock. Analysts at KeyCorp raised their price target on shares of Allegheny Technologies from $40.00 to $44.00 in a research note to investors on Wednesday, January 15th. On the ratings front, analysts at Deutsche Bank downgraded shares of Allegheny Technologies from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 10th. They now have a $36.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Allegheny Technologies from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, December 9th. They now have a $30.00 price target on the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Allegheny Technologies currently has an average rating of “Hold” and a consensus price target of $31.82.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.
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