$0.15 EPS Expected for Allegheny Technologies Incorporated (ATI)

December 25, 2017 - By Louis Casey


Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.71, from 1.57 in 2017Q2. It is negative, as 28 investors sold Allegheny Technologies Incorporated shares while 87 reduced holdings. 44 funds opened positions while 55 raised stakes. 116.44 million shares or 0.85% less from 117.44 million shares in 2017Q2 were reported.
Comerica Bancorporation owns 87,208 shares. Advantus Mgmt Inc has invested 0.01% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Northrock Partners Limited Company has invested 0.09% in Allegheny Technologies Incorporated (NYSE:ATI). Broadview Ltd Co holds 1.78% or 509,850 shares. Private Harbour Investment And Counsel Ltd Liability owns 1.83% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 91,500 shares. Quantitative Inv Mgmt holds 161,100 shares or 0.04% of its portfolio. Gamco Investors Et Al stated it has 947,200 shares or 0.14% of all its holdings. Point72 Asset Mngmt Ltd Partnership invested 0.02% in Allegheny Technologies Incorporated (NYSE:ATI). South Dakota Invest Council, South Dakota-based fund reported 25,200 shares. The Pennsylvania-based Nationwide Fund Advisors has invested 0.02% in Allegheny Technologies Incorporated (NYSE:ATI). Moreover, Ledyard Retail Bank has 0.01% invested in Allegheny Technologies Incorporated (NYSE:ATI). Nomura Hldgs Inc reported 0% stake. Jane Street Gru Ltd Company reported 21,657 shares. Bowen Hanes Com holds 1.65% or 1.47 million shares. Bb&T Secs Llc owns 0.01% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 17,633 shares.

Analysts expect Allegheny Technologies Incorporated (NYSE:ATI) to report $0.15 EPS on January, 23.They anticipate $0.19 EPS change or 475.00 % from last quarter’s $-0.04 EPS. ATI’s profit would be $16.33M giving it 41.03 P/E if the $0.15 EPS is correct. After having $-0.07 EPS previously, Allegheny Technologies Incorporated’s analysts see -314.29 % EPS growth. The stock increased 0.24% or $0.06 during the last trading session, reaching $24.62. About 736,657 shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 40.09% since December 25, 2016 and is uptrending. It has outperformed by 23.39% the S&P500.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Among 13 analysts covering Allegheny Tech (NYSE:ATI), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Allegheny Tech had 34 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, January 5, the company rating was downgraded by Seaport Global. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Underperform” rating given on Tuesday, October 20 by Bank of America. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Buy” rating given on Monday, October 5 by Deutsche Bank. On Thursday, March 16 the stock rating was upgraded by Seaport Global to “Buy”. Rosenblatt maintained the shares of ATI in report on Thursday, February 11 with “Buy” rating. The firm earned “Buy” rating on Tuesday, February 9 by Buckingham Research. Cowen & Co maintained Allegheny Technologies Incorporated (NYSE:ATI) rating on Tuesday, July 25. Cowen & Co has “Hold” rating and $1800 target. The rating was upgraded by Rosenblatt on Friday, December 11 to “Buy”. The stock has “Market Perform” rating by Cowen & Co on Monday, April 4. Berenberg upgraded the shares of ATI in report on Monday, April 24 to “Hold” rating.

Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company has market cap of $2.68 billion. The firm operates through two divisions, High Performance Materials & Components; and Flat-Rolled Products. It currently has negative earnings. The High Performance Materials & Components segment provides various high performance materials, including titanium and titanium alloys; nickel-and cobalt alloys and superalloys; zirconium and related alloys, such as hafnium and niobium, advanced powder alloys, and other specialty materials, in long product forms of ingots, billets, bars, rods, wires, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components, and machined parts.

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