ATI - Allegheny Technologies Incorporated

NYSE - NYSE Delayed Price. Currency in USD
20.36
+0.49 (+2.47%)
At close: 4:02PM EST
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Previous Close19.87
Open19.97
Bid20.37 x 900
Ask20.40 x 800
Day's Range19.82 - 20.45
52 Week Range16.65 - 29.50
Volume1,182,009
Avg. Volume1,437,411
Market Cap2.567B
Beta (5Y Monthly)2.20
PE Ratio (TTM)11.03
EPS (TTM)1.85
Earnings DateApr 20, 2020 - Apr 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateAug 15, 2016
1y Target Est23.57
  • Thomson Reuters StreetEvents

    Edited Transcript of ATI earnings conference call or presentation 4-Feb-20 1:30pm GMT

    Q4 2019 Allegheny Technologies Inc Earnings Call

  • Allegheny's (ATI) Earnings and Revenues Beat Estimates in Q4
    Zacks

    Allegheny's (ATI) Earnings and Revenues Beat Estimates in Q4

    Higher sales from aerospace and defense markets boosts Allegheny's (ATI) HPMC unit margins in Q4.

  • Benzinga

    Recap: Allegheny Technologies Q4 Earnings

    View more earnings on ATI See more from Benzinga Recap: Aramark Q1 Earnings Recap: Allot Q4 Earnings Chipotle Mexican Grill Q4 Earnings Preview © 2020 Benzinga.com. Benzinga does not provide investment ...

  • ATI says time is near to determine potential Midland facility closure
    American City Business Journals

    ATI says time is near to determine potential Midland facility closure

    Patience is running thin for Allegheny Technologies Inc. (NYSE: ATI) as it awaits a response from the U.S. government to its Section 232 tariff exemption request. ATI reported its fourth quarter and full year 2019 results during an earnings call Tuesday, which included an $11.4 million impairment reserve for the company’s A&T Stainless joint venture. As previously announced, ATI is weighing the possibility of closing the Midland facility, and Kim Fields, executive vice president of flat rolled products, said ATI is prepared to idle the facility, which employs about 100 workers.

  • Business Wire

    ATI Announces Fourth Quarter and Full Year 2019 Results

    ATI Announces Fourth Quarter and Full Year 2019 Results

  • Are Insiders Buying Allegheny Technologies Incorporated (NYSE:ATI) Stock?
    Simply Wall St.

    Are Insiders Buying Allegheny Technologies Incorporated (NYSE:ATI) Stock?

    We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

  • Business Wire

    Allegheny Technologies Announces Webcast of Conference Call for Fourth Quarter and Full-Year 2019 Results

    Allegheny Technologies Announces Webcast of Conference Call for Fourth Quarter and Full-Year 2019 Results

  • Bloomberg

    Supporting Trump Tariffs, One Exemption at a Time

    (Bloomberg Opinion) -- Robert Wetherbee, CEO of steelmaker Allegheny Technologies Inc., has penned an op-ed in the Wall Street Journal sporting a headline for the ages:I Support Trump’s Tariffs But Need An ExemptionIt’s tough to know if this is merely a straight summation of the piece (which it is) or the pointed effort of some wag on the copy desk. Either way, as pithy distillations of the tricky trade-offs of tariffs go, it is tough to beat.Allegheny’s management wasn’t always so down on the trade war. Back in the summer of 2017, some months before President Donald Trump imposed tariffs on steel and aluminum imports, Wetherbee’s predecessor Richard Harshman told analysts on an earnings call that tariffs held “direct upside potential” for the company.  By early 2018, however, it became clear that semi-finished slabs from Indonesia needed by Allegheny’s A&T stainless-steel joint venture were swept up by the new trade broom. The company filed for an exemption in March of that year, a request that was denied last April.Wetherbee’s op-ed looks like another attempt, albeit with different paperwork. After acknowledging the wisdom of Trump’s approach in broad terms (read the headline), it then calls tariffs “blunt instruments” that will force the closure of a Pennsylvania plant, risking 300 direct and indirect jobs in a “vital swing state.” (That sound you just heard is the sledgehammer of subtlety being hurled at the Oval Office.) It goes on to say that only three companies in the U.S. produce those slabs, but that doesn’t help because they are direct competitors who have “zero interest” in helping Allegheny prosper (which sounds par for the course, really). The piece closes with a plaintive “Mr. President, we implore you: Save our jobs.”On the one hand, the U.S. has legitimate trade grievances with China, and commodity industries such as steel are at the bleeding edge of that. Utilization at steel plants has risen since the trade war began, according to a recent report from ClearView Energy Partners.On the other hand, decades of globalization championed by the very superpower now decrying it have created webs of supply chains that are fiendishly hard to unravel. Case in point: Indonesian semi-finished slabs — who knew? Hence, while everyone in the chosen field supports the blunt instrument in principle, the complex realities beneath demand an edifice of waivers be built, with tariffs generally agreed to work best when they affect one’s competitors only.Leaving aside Allegheny’s specific woes, the price of protecting steelworkers from foreign competition via tariffs is, as with most any product, higher prices for consumers. In our populist age, that is a price Americans may be willing to vote for again. Besides that gorgeous headline, Wetherbee’s op-ed is a timely reminder that the recent sigh of relief in financial markets about the phase one trade agreement with China looks premature. Given the depth and breadth of the Sino-U.S. rivalry — with geopolitical aspects far beyond mere tariffs and bipartisan antipathy to Beijing — the deal is more partial ceasefire than treaty.Moreover, it has sprung up in the middle of Trump’s impeachment saga and the final stretch of the 2020 election. It’s very hard to predict how the president will balance a desire to keep stocks humming with an impulse to deliver on years of tough talk about Beijing. Speaking publicly on Thursday morning, he mentioned again the notion that “phase two” might have to wait until after November. For anyone worried, call your representative. Or write an op-ed.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Here's How P/E Ratios Can Help Us Understand Allegheny Technologies Incorporated (NYSE:ATI)
    Simply Wall St.

    Here's How P/E Ratios Can Help Us Understand Allegheny Technologies Incorporated (NYSE:ATI)

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...

  • ATI names new chief financial officer
    American City Business Journals

    ATI names new chief financial officer

    Allegheny Technologies Inc. announced Wednesay that Don Newman would become the company's next chief financial officer. Newman will begin his tenure as CFO and senior vice president of finance on Jan. 6, 2020. ATI said that DeCourcy will remain as senior vice president and special advisor to the CEO until he retires on March 31.

  • How will Boeing's halted production impact its Pittsburgh supply chain?
    American City Business Journals

    How will Boeing's halted production impact its Pittsburgh supply chain?

    Analysts say the companies could feel impact by Q1 of 2020, but it won't "crush them."

  • Allegheny Inks Long-term Agreement With GE Aviation
    Zacks

    Allegheny Inks Long-term Agreement With GE Aviation

    Allegheny (ATI) to supply GE Aviation production lines with the highest quality materials and components on time.

  • New Strong Sell Stocks for December 12th
    Zacks

    New Strong Sell Stocks for December 12th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • Hedge Funds Aren’t Crazy About Allegheny Technologies Incorporated (ATI) Anymore
    Insider Monkey

    Hedge Funds Aren’t Crazy About Allegheny Technologies Incorporated (ATI) Anymore

    Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]

  • Value Investors May Be Interested in These 3 Fairly Priced Stocks
    GuruFocus.com

    Value Investors May Be Interested in These 3 Fairly Priced Stocks

    Regal Beloit tops the list Continue reading...

  • Investors Who Bought Allegheny Technologies (NYSE:ATI) Shares Three Years Ago Are Now Down 38%
    Simply Wall St.

    Investors Who Bought Allegheny Technologies (NYSE:ATI) Shares Three Years Ago Are Now Down 38%

    Investors can buy low cost index fund if they want to receive the average market return. But in any diversified...

  • Allegheny Technologies Issues $350M Senior Unsecured Notes
    Zacks

    Allegheny Technologies Issues $350M Senior Unsecured Notes

    Allegheny Technologies (ATI) plans to use net proceeds from the issuance to fund the redemption of its outstanding 5.95% senior notes due January 2021.

  • Allegheny Technologies (ATI) Prices Senior Notes Offering
    Zacks

    Allegheny Technologies (ATI) Prices Senior Notes Offering

    Allegheny Technologies (ATI) plans to use net proceeds from the senior notes offering to fund the redemption of its outstanding 5.950% senior notes due 2021.

  • Benzinga

    Solid Nine-Month Financials But Weaker Third Quarter For Asian Terminals

    Manila, Philippines-based Asian Terminals Inc. The damage to the third quarter results was done by a surge in costs and expenses, which rose  from 1.24 billion pesos ($22.96 million) in the third quarter of 2018 to 1.47 billion pesos ($28.41 million) in the third quarter of this year. Unfortunately, the company does not provide commentary on its third quarter results, but it does provide commentary on its nine-month results.

  • Moody's

    Allegheny Technologies Incorporated -- Moody's rates ATI's sr. unsec. notes B2

    Moody's Investors Service ("Moody's") assigned a B2 rating to Allegheny Technologies Incorporated's ("ATI") senior unsecured notes due 2027. The notes are being issued under the company's WKSI shelf (P)B2 for senior unsecured debt and the proceeds, together with cash on hand, will be used to redeem the 5.95% senior notes due in 2021. All other ratings for Allegheny Technologies and Allegheny Ludlum remain unchanged.