Alliant Techsystems (ATK) Scheduled to Post Quarterly Earnings on Thursday
Alliant Techsystems (NYSE:ATK) is scheduled to be issuing its Q115 quarterly earnings data on Thursday, July 31st. Analysts expect the company to announce earnings of $2.44 per share and revenue of $1.24 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Alliant Techsystems (NYSE:ATK) last issued its quarterly earnings data on Thursday, May 15th. The company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.50. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, analysts expect Alliant Techsystems to post $11.29 EPS for the current fiscal year and $12.51 EPS for the next fiscal year.
Shares of Alliant Techsystems (NYSE:ATK) opened at 126.90 on Wednesday. Alliant Techsystems has a 52 week low of $91.99 and a 52 week high of $158.13. The stock’s 50-day moving average is $134.4 and its 200-day moving average is $136.1. The company has a market cap of $4.043 billion and a P/E ratio of 12.42. Alliant Techsystems also saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 837,087 shares, a drop of 48.4% from the June 13th total of 1,620,696 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily volume of 479,583 shares, the short-interest ratio is currently 1.7 days.
A number of analysts have recently weighed in on ATK shares. Analysts at Zacks downgraded shares of Alliant Techsystems from an “outperform” rating to a “neutral” rating in a research note on Friday, June 27th. They now have a $143.00 price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. cut their price target on shares of Alliant Techsystems from $162.00 to $150.00 in a research note on Thursday, May 29th. Finally, analysts at Monness Crespi & Hardt downgraded shares of Alliant Techsystems from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $150.82.
Alliant Techsystems Inc (NYSE:ATK) is an aerospace, defense, and commercial products company that operates in 22 states, Puerto Rico, and internationally.
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