ATI (NYSE:ATI) Issues Quarterly Earnings Results, Beats Estimates By $0.19 EPS

ATI (NYSE:ATI) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19, Zacks reports. ATI had a net margin of 8.85% and a return on equity of 21.39%. ATI updated its FY 2025 guidance to 2.800-3.000 EPS and its Q1 2025 guidance to 0.550-0.610 EPS.

ATI Stock Up 8.3 %

ATI stock traded up $4.83 on Tuesday, hitting $62.79. 525,148 shares of the company’s stock were exchanged, compared to its average volume of 1,293,143. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94. The stock has a market cap of $8.96 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10. The firm has a 50 day moving average price of $56.97 and a two-hundred day moving average price of $60.13. ATI has a 12-month low of $38.08 and a 12-month high of $68.92.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ATI shares. Susquehanna reduced their target price on ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a research note on Wednesday, October 30th. KeyCorp downgraded shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, StockNews.com lowered ATI from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.71.

Insider Transactions at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the transaction, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the completion of the sale, the chairman now directly owns 436,443 shares in the company, valued at $25,745,772.57. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.