Allegheny Technologies (NYSE:ATI) is scheduled to post its quarterly earnings results 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 issued its earnings results on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $869.10 million during the quarter, compared to the consensus estimate of $866.94 million. Allegheny Technologies had a negative net margin of 2.45% and a positive return on equity of 1.09%. Allegheny Technologies’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($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.

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 quick ratio of 1.04, a current ratio of 2.68 and a debt-to-equity ratio of 1.30. Allegheny Technologies has a 1-year low of $14.54 and a 1-year high of $29.39.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Allegheny Technologies from a “hold” rating to a “sell” rating in a report on Monday. KeyCorp reaffirmed a “hold” rating on shares of Allegheny Technologies in a report on Wednesday, October 11th. Cowen reaffirmed a “hold” rating and issued a $23.00 target price on shares of Allegheny Technologies in a report on Tuesday, December 12th. Finally, Berenberg Bank set a $17.00 price objective on shares of Allegheny Technologies and gave the company a “hold” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.29.

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Allegheny Technologies Company Profile

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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