Allegheny Technologies (ATI) Set to Announce Earnings on Tuesday

Allegheny Technologies (NYSE:ATI) is set to release its earnings data before the market opens on Tuesday, January 23rd. Analysts expect Allegheny Technologies to post earnings of $0.15 per share for the quarter.

Allegheny Technologies (NYSE:ATI) last announced its earnings results on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $869.10 million during the quarter, compared to analyst estimates of $866.94 million. Allegheny Technologies had a negative net margin of 2.45% and a positive return on equity of 1.09%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) EPS. On average, analysts expect Allegheny Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Allegheny Technologies (NYSE:ATI) opened at $28.70 on Tuesday. The firm has a market cap of $3,120.00, a price-to-earnings ratio of -35.00 and a beta of 2.39. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.04 and a current ratio of 2.68. Allegheny Technologies has a 12 month low of $14.54 and a 12 month high of $29.39.

A number of brokerages have weighed in on ATI. Zacks Investment Research lowered shares of Allegheny Technologies from a “hold” rating to a “sell” rating in a research note on Monday. Cowen reiterated a “hold” rating and set a $18.00 target price on shares of Allegheny Technologies in a research note on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Allegheny Technologies in a research note on Wednesday, October 11th. Finally, Berenberg Bank set a $17.00 price objective on Allegheny Technologies and gave the stock a “hold” rating in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Allegheny Technologies currently has an average rating of “Hold” and a consensus target price of $21.29.

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About Allegheny Technologies

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts.

Earnings History for Allegheny Technologies (NYSE:ATI)

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