Allegheny Guides to Surprisingly Weak 1Q; Reducing Our FVE to $31 on Lower Near-Term Profits
Allegheny Technologies shares traded sharply lower on April 12 after the company guided to soft first-quarter profits. Management expects earnings per share of $0.10-$0.13, a significant decrease from adjusted EPS of $0.32 in the same period last year.Although our long-term outlook is effectively unchanged, we've tempered our near-term profit outlook for both segments. For 2019, our companywide adjusted EBITDA forecast falls to $558 million from $593 million, a material decrease. Our revenue fo...
Allegheny Technologies is a manufacturer of specialty materials and components. The company operates in two business segments: High Performance Materials and Components, which produces a range of specialty materials, parts and components for several main end markets, including aerospace and defense, medical, and energy; and Flat Rolled Products, which produces nickel-based alloys, specialty alloys, titanium and titanium-based alloys, and stainless steel in a variety of forms including plate, sheet, engineered strip, and Precision Rolled Strip? products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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