This stock repurchase program renewal demonstrates ATI's confidence in its long-term financial performance, as well as its strong cash and liquidity position.
ATI's second-quarter earnings beat estimates, but sales lag the same amid aerospace and defense growth.
While the top- and bottom-line numbers for Allegheny Technologies (ATI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Allegheny Technologies (ATI) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.59 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Allegheny Technologies (ATI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Allegheny Technologies (ATI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the latest trading session, Allegheny Technologies (ATI) closed at $64.86, marking a -1.04% move from the previous day.
Allegheny Technologies (ATI) concluded the recent trading session at $65.54, signifying a +1.96% move from its prior day's close.
Allegheny Technologies (ATI) concluded the recent trading session at $59.06, signifying a -1.2% move from its prior day's close.
Allegheny Technologies (ATI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Here is how Allegheny Technologies (ATI) and Kronos Worldwide (KRO) have performed compared to their sector so far this year.
The AA&S segment remains weak but showing improvement, and the HPMC segment continues to show strength. Strong demand primarily in the A&D end market should continue to drive growth in the quarters ahead. Expected revenue growth, strong pricing and operational improvement should benefit margin.