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Allegheny Technologies Inc. (NYSE:ATI) stock achieved a new 52-week high, reaching 85.78 USD, as investors respond positively to the company’s performance. According to InvestingPro data, the company maintains a healthy financial position with a current ratio of 2.53, indicating strong liquidity. However, technical indicators suggest the stock may be entering overbought territory. The stock’s impressive climb reflects a significant 1-year change of 56.11%, with a remarkable year-to-date return of 54.38% and a six-month gain of 50.31%, underscoring strong market confidence and the effectiveness of strategic initiatives undertaken by the industrial giant. InvestingPro analysis reveals 14 additional key insights about ATI’s performance and valuation metrics. This milestone highlights the resilience and growth potential within the specialty materials sector, where ATI continues to expand its influence, supported by a robust EBITDA of $710.7 million and revenue growth of 6.82% over the last twelve months. For comprehensive analysis of ATI’s market position and future prospects, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, ATI Inc. reported first-quarter earnings that surpassed analyst expectations, posting adjusted earnings per share of $0.72 compared to the anticipated $0.60. The company’s revenue for the quarter reached $1.14 billion, exceeding projections of $1.08 billion and marking a 10% increase year-over-year. ATI’s aerospace and defense segment contributed significantly to this performance, accounting for 66% of Q1 sales at $754 million, which is a 23% rise from the previous year. Additionally, ATI has entered a multi-year agreement with Airbus to supply titanium plate, sheet, and billet, enhancing its position as a leading supplier for Airbus’s titanium needs. This partnership is expected to foster mutual growth, supported by ATI’s investments in titanium production capacity, including a new facility in Pageland, South Carolina. The Pageland facility, designed with sustainability features, is already committed under long-term agreements with various aerospace customers. Looking forward, ATI has provided an optimistic earnings outlook for Q2 2025, forecasting adjusted EPS between $0.67 and $0.73, above the consensus of $0.67. For the full year, the company projects adjusted EPS of $2.87 to $3.09, surpassing analysts’ estimates of $2.86.
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