Allegheny Technologies (ATI) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS
Allegheny Technologies (NYSE:ATI) announced its earnings results on Tuesday. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.07) by $0.10, Analyst Ratings Network reports. The company had revenue of $98.00 billion for the quarter, compared to the consensus estimate of $1.02 billion.
Shares of Allegheny Technologies (NYSE:ATI) opened at 40.67 on Tuesday. Allegheny Technologies has a 1-year low of $25.60 and a 1-year high of $41.47. The stock’s 50-day moving average is $36.85 and its 200-day moving average is $33.93. The company has a market cap of $4.390 billion and a price-to-earnings ratio of 28.70.
A number of analysts have recently weighed in on ATI shares. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Allegheny Technologies in a research note on Wednesday, April 16th. They now have a $25.00 price target on the stock. On a related note, analysts at Sterne Agee upgraded shares of Allegheny Technologies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $39.00 price target on the stock, up previously from $27.00. Finally, analysts at Buckingham Research raised their price target on shares of Allegheny Technologies from $40.00 to $44.00 in a research note on Friday, April 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Allegheny Technologies presently has a consensus rating of “Hold” and a consensus price target of $36.10.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.
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