ATI Inc. (ATI) Soars to 52-Week High, Time to Cash Out?

Core Viewpoint - ATI shares have shown significant performance, increasing by 10.1% over the past month and reaching a 52-week high of $137.74, with a year-to-date gain of 19.4% compared to the Zacks Aerospace sector's 8.3% and the Aerospace - Defense Equipment industry's 8.6% [1] Financial Performance - ATI has consistently outperformed earnings expectations, beating the Zacks Consensus Estimate in the last four quarters, with the latest EPS reported at $0.93 against a consensus of $0.89 [2] - For the current fiscal year, ATI is projected to achieve earnings of $4.12 per share on revenues of $4.96 billion, reflecting a 27.16% increase in EPS and an 8.22% increase in revenues. For the next fiscal year, earnings are expected to rise to $5.02 per share on revenues of $5.37 billion, indicating a year-over-year change of 21.89% in EPS and 8.24% in revenues [3] Valuation Metrics - ATI's current valuation metrics indicate a trading multiple of 33.3X current fiscal year EPS estimates, which is below the peer industry average of 37X. The trailing cash flow basis shows a multiple of 29.6X compared to the peer group's average of 32.3X. The stock has a PEG ratio of 1.4, which does not position it among the top value stocks [7] Zacks Rank - ATI holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, aligning with the recommendation for investors to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, indicating potential for further growth in the coming weeks and months [8]