Allegheny Technologies (ATI) Scheduled to Post Earnings on Tuesday

Allegheny Technologies (NYSE:ATI) is set to post its quarterly earnings results before the market opens on Tuesday, July 23rd. Analysts expect Allegheny Technologies to post earnings of $0.33 per share for the quarter.

Allegheny Technologies (NYSE:ATI) last released its earnings results on Tuesday, April 23rd. The basic materials company reported $0.12 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $991.18 million. Allegheny Technologies had a return on equity of 8.79% and a net margin of 4.41%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, analysts expect Allegheny Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Allegheny Technologies stock opened at $25.26 on Monday. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.13 and a beta of 2.34. The firm has a fifty day simple moving average of $24.30. Allegheny Technologies has a 52 week low of $20.84 and a 52 week high of $30.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.87 and a quick ratio of 1.22.

In other Allegheny Technologies news, Director James C. Diggs sold 4,000 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $23.65, for a total transaction of $94,600.00. Following the completion of the sale, the director now directly owns 36,458 shares in the company, valued at $862,231.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Several equities analysts recently commented on the company. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. KeyCorp reiterated a “hold” rating on shares of Silgan in a research note on Wednesday, April 24th. Macquarie lowered TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, April 12th. Buckingham Research dropped their price target on American Axle & Manufact. from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Finally, Zacks Investment Research lowered Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.25.

About Allegheny Technologies

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.

Further Reading: Price to Earnings Ratio (PE)

Earnings History for Allegheny Technologies (NYSE:ATI)

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