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What Makes Allegheny Technologies (ATI) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-05-23 18:58
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Allegheny Technologies (ATI) - ATI currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, ATI shares increased by 6.75%, outperforming the Zacks Steel - Specialty industry, which rose by 5.81% [5] - In a longer timeframe, ATI's shares have risen by 43.28% over the past month, significantly higher than the industry's 6.73% [5] - Over the last quarter, ATI shares increased by 32.05%, while the S&P 500 saw a decline of 2.55% [6] - The average 20-day trading volume for ATI is 2,266,722 shares, indicating a bullish trend with above-average volume [7] Earnings Outlook - In the past two months, three earnings estimates for ATI have been revised upwards, with no downward revisions, boosting the consensus estimate from $2.89 to $3.01 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [9] Conclusion - Given the positive momentum indicators and earnings outlook, ATI is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for investment [11]
ATI CEO Kim Fields to speak at Bernstein Strategic Decisions Conference
Prnewswire· 2025-05-21 13:00
Company Overview - ATI Inc. is a producer of high-performance materials and solutions for the global aerospace and defense markets, as well as critical applications in electronics, medical, and specialty energy [2] - The company focuses on solving complex challenges through materials science and partners with customers to deliver extraordinary materials that enhance product performance [2] Upcoming Event - Kimberly A. Fields, President and CEO of ATI, will speak at the Bernstein 41st Annual Strategic Decisions Conference on May 29, 2025, at 11:00 a.m. ET [1] - An audio replay and full transcript of the event will be available after the presentation [1]
Altai Announces Senior Management Addition
Globenewswire· 2025-05-15 13:22
Core Insights - Altai Resources Inc. has appointed Yana Silina as the new Chief Financial Officer, bringing over 15 years of experience in financial reporting and corporate governance [1][2] - Ms. Silina has a background in venture capital and resource sectors, and currently serves as CFO for multiple companies [2] - Altai Resources is a resource company based in Toronto, with operations including a producing oil property in Alberta and an exploration gold property in Quebec [3] Company Overview - Altai Resources Inc. is involved in the resource sector with a focus on oil and gold [3] - The company maintains a Canadian investment portfolio that includes cash, cash equivalents, and marketable securities [3] - Additional information about Altai can be found on SEDAR+ and the company's website [3]
ATI: Poised For Robust Growth As Well As Tariff Challenges
Seeking Alpha· 2025-05-10 05:52
Group 1 - Robert F. Abbott has been managing family investments since 1995 and incorporated options trading in 2010, focusing on covered calls and collars with long stocks [1] - Abbott is a freelance writer with a project aimed at providing information for new and intermediate-level mutual fund investors [1] - He holds a Bachelor of Arts and a Master of Business Administration (MBA) degree [1]
ATI Inc.: Takes Off After Q1 Beat, Yet Still Undervalued And Poised To Climb Further
Seeking Alpha· 2025-05-08 07:21
Core Insights - ATI Inc. (NYSE: ATI) stock has experienced significant volatility in recent months, primarily due to uncertainties in the broader market and recent tariff developments [1] Company Analysis - The stock has moved in a wide range, indicating a reaction to external market factors [1] - Despite the volatility, the company is perceived to have strong foundations and potential for long-term success [1] Market Context - The broader market uncertainties are largely attributed to recent tariff developments, which have impacted investor sentiment [1]
Allegheny Technologies (ATI) Is Up 25.39% in One Week: What You Should Know
ZACKS· 2025-05-07 17:00
Company Overview - Allegheny Technologies (ATI) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a history of outperforming the market [4] Price Performance - ATI shares have increased by 25.39% over the past week, significantly outperforming the Zacks Steel - Specialty industry, which rose by 4.7% during the same period [6] - Over the past month, ATI's stock price has surged by 63.93%, compared to the industry's 16.3% [6] - In the last quarter, ATI shares rose by 11.22%, and over the past year, they gained 15.03%, while the S&P 500 experienced declines of -7.56% and a modest increase of 9.65%, respectively [7] Trading Volume - The average 20-day trading volume for ATI is 2,122,049 shares, which serves as a useful indicator of market interest and price movement [8] Earnings Outlook - In the past two months, three earnings estimates for ATI have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $2.89 to $2.96 [10] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10] Conclusion - Considering the strong price performance, positive earnings outlook, and high Momentum Style Score, ATI is positioned as a promising investment opportunity [12]
ATI's Earnings and Revenues Surpass Estimates in Q1, Rise Y/Y
ZACKS· 2025-05-07 13:51
Core Insights - ATI Inc. reported a profit of $97 million or 67 cents per share for Q1 2025, an increase from $66.1 million or 46 cents in the same quarter last year [1] - Adjusted earnings were 72 cents per share, up 50% from 48 cents year-over-year, exceeding the Zacks Consensus Estimate of 58 cents [1] Financial Performance - Net sales for Q1 2025 reached $1,144.4 million, surpassing the Zacks Consensus Estimate of $1,063.6 million, with a year-over-year increase of 9.7% [2] - High Performance Materials & Components (HPMC) segment sales were $584.1 million, up 10.2% year-over-year, exceeding the Zacks Consensus Estimate of $554.2 million, with segment EBITDA increasing 34.2% to $131 million [2] - Advanced Alloys & Solutions (AA&S) segment recorded sales of $560.3 million, a 9.2% increase from $513 million last year, also surpassing the Zacks Consensus Estimate of $494.9 million, with EBITDA rising 16.1% to $83.4 million [3] Financial Position - Cash and cash equivalents stood at $475.8 million, up from $394.4 million the previous year [4] - Long-term debt decreased by 20.1% to $1,713.3 million compared to the prior year [4] Future Outlook - For Q2 2025, ATI anticipates adjusted EBITDA between $195 million and $205 million and adjusted EPS between 67 cents and 73 cents [5] - Full-year 2025 guidance includes projected adjusted EBITDA of $800 million to $840 million and adjusted EPS ranging from $2.87 to $3.09, with expected adjusted free cash flow between $240 million and $360 million [5]
Altai Announces Initiation of Strategic Review
Globenewswire· 2025-05-01 20:35
TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that the Board of Directors (the “Board”) has initiated a strategic review process to identify, evaluate, and pursue a range of potential strategic alternatives with the goal of maximizing shareholder value and liquidity (the “Strategic Review”). As part of the Strategic Review, the potential strategic alternatives could include, amongst other things, either individually or in combination, t ...
ATI's Aerospace and Defense Leadership Recognized with GICS Code Update
Prnewswire· 2025-05-01 20:30
DALLAS, May 1, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announces that effective May 1, 2025, its Global Industry Classification Standard (GICS) code has been reclassified to Aerospace and Defense, providing further recognition of the Company's transformation into a world-class A&D supplier. Previously, ATI was categorized as Metals and Mining under the standardized industry classification system administered by S&P Dow Jones Indices and MSCI."This reclassification reaffirms ATI's continued transformation ...
Allegheny Technologies (ATI) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-05-01 14:35
For the quarter ended March 2025, Allegheny Technologies (ATI) reported revenue of $1.14 billion, up 9.7% over the same period last year. EPS came in at $0.72, compared to $0.48 in the year-ago quarter.The reported revenue represents a surprise of +7.60% over the Zacks Consensus Estimate of $1.06 billion. With the consensus EPS estimate being $0.58, the EPS surprise was +24.14%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...