RTI International Metals (RTI) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS
RTI International Metals (NYSE:RTI) posted its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06, American Banking News.com reports. The company had revenue of $205.30 million for the quarter, compared to the consensus estimate of $196.11 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis.
RTI International Metals (NYSE:RTI) traded up 10.75% on Tuesday, hitting $27.29. The stock had a trading volume of 140,551 shares. RTI International Metals has a 52-week low of $23.99 and a 52-week high of $36.09. The stock has a 50-day moving average of $26.07 and a 200-day moving average of $27.44. The company has a market cap of $837.7 million and a price-to-earnings ratio of 154.97.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of RTI International Metals from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 8th. They now have a $28.60 price target on the stock. On the ratings front, analysts at Cleveland Research upgraded shares of RTI International Metals from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of RTI International Metals from a “neutral” rating to an “overweight” rating in a research note on Friday, May 23rd. They now have a $34.00 price target on the stock, up previously from $32.00. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. RTI International Metals presently has an average rating of “Buy” and an average target price of $35.40.
RTI International Metals, Inc (NYSE:RTI) is a producer and global supplier of advanced titanium mill products, and a manufacturer of fabricated titanium and specialty metal components for the national and international aerospace, defense, energy, and industrial and consumer markets.
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