ATI Inc (NYSE: ATI) has reported earnings for its second fiscal quarter (ending June 30) of $0.66 versus $0.59 for the same period a year ago — an increase of 12%. This result exceeded the consensus estimate of $0.58 by $0.08. For the latest four quarters through June 30, E.P.S. were $3.15 versus $2.21 for the same period a year ago — an increase of 43%.
Recent Price Action
ATI Inc (NYSE: ATI) stock declined modestly by -1.8% on 8/6/24. The stock closed at $59.86. Moreover, this decline was accompanied by above average trading volume at 145% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -7.7% during the last week.
Current PriceTarget Research Rating
ATI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
ATI has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ATI has a poor Appreciation Score of 20 but a very high Power Rating of 97, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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