$0.06 EPS Expected for Allegheny Technologies Incorporated (ATI)

September 29, 2017 – By Linda Rogers

 $0.06 EPS Expected for Allegheny Technologies Incorporated (ATI)
Investors sentiment increased to 1.57 in 2017 Q2. Its up 0.32, from 1.25 in 2017Q1. It is positive, as 26 investors sold Allegheny Technologies Incorporated shares while 55 reduced holdings. 44 funds opened positions while 83 raised stakes. 117.44 million shares or 4.05% more from 112.87 million shares in 2017Q1 were reported.
Stifel Fincl holds 0.02% or 317,483 shares. Assetmark accumulated 2,192 shares or 0% of the stock. Goldman Sachs Grp holds 819,614 shares. Iridian Asset Mgmt Ltd Liability Ct reported 8.73 million shares. Global X Company Ltd Company owns 3,456 shares. Millennium Management Limited Liability Company holds 2.34M shares. Glenmede Tru Na stated it has 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Financial Bank Of Montreal Can holds 0% or 8,276 shares. Mai Management holds 0.01% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 10,670 shares. Kennedy Cap reported 549,626 shares. Pinnacle Associate Limited holds 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 10,115 shares. Moreover, Bancorp Of America De has 0% invested in Allegheny Technologies Incorporated (NYSE:ATI). Prelude Capital Mgmt Limited Liability Corporation holds 0% in Allegheny Technologies Incorporated (NYSE:ATI) or 180 shares. Strategic Wealth Advsrs Grp Inc Limited Liability Company stated it has 0.04% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). State Treasurer State Of Michigan invested in 44,900 shares or 0.01% of the stock.

Analysts await Allegheny Technologies Incorporated (NYSE:ATI) to report earnings on October, 24. They expect $0.06 earnings per share, up 128.57 % or $0.27 from last year’s $-0.21 per share. ATI’s profit will be $6.54M for 98.29 P/E if the $0.06 EPS becomes a reality. After $0.09 actual earnings per share reported by Allegheny Technologies Incorporated for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth. The stock increased 0.55% or $0.13 during the last trading session, reaching $23.59. About 1.73M shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 40.09% since September 29, 2016 and is uptrending. It has outperformed by 23.39% the S&P500.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Among 12 analysts covering Allegheny Tech (NYSE:ATI), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Allegheny Tech had 31 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of ATI in report on Wednesday, April 26 with “Hold” rating. The company was maintained on Thursday, July 6 by Cowen & Co. Cowen & Co maintained the stock with “Hold” rating in Tuesday, July 25 report. The firm has “Buy” rating given on Thursday, February 11 by Rosenblatt. J.P. Morgan upgraded Allegheny Technologies Incorporated (NYSE:ATI) on Wednesday, July 26 to “Hold” rating. JP Morgan upgraded the shares of ATI in report on Wednesday, July 26 to “Neutral” rating. The rating was downgraded by Berenberg to “Sell” on Thursday, February 2. Seaport Global initiated Allegheny Technologies Incorporated (NYSE:ATI) on Friday, September 9 with “Buy” rating. Bank of America downgraded the stock to “Underperform” rating in Tuesday, October 20 report. As per Wednesday, October 21, the company rating was downgraded by Deutsche Bank.

Allegheny Technologies Incorporated is a maker of specialty materials and complex components. The company has market cap of $2.57 billion. The Firm operates through two business divisions: High Performance Materials & Components , and Flat Rolled Products (FRP). It currently has negative earnings. The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium alloys, nickel- and cobalt 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.

More news for Allegheny Technologies Incorporated (NYSE:ATI) were recently published by: Seekingalpha.com, which released: “Allegheny Technologies Inc.: Many New Positives” on July 31, 2017. Fool.com‘s article titled: “Here’s Why Allegheny Technologies Incorporated Gained 13.3% in August” and published on September 08, 2017 is yet another important article.

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