Mix Stock In Focus: Allegheny Technologies (NYSE:ATI), Webster Financial (NYSE:WBS)
Allegheny Technologies Incorporated (NYSE:ATI) stock finished trading at $19.89 in last trading day. Allegheny Technologies Inc. (ATI) declared that its Q1 net income of $17.5 million, after reporting a loss in the same period a year earlier. The Pittsburgh-based company said it had profit of 16 cents per share. The results surpassed Wall Street expectations.
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. The maker of steel and specialty metals posted revenue of $865.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $850.5 million.
The stock has a 52-week high price of $-16.04% and its 52-week low was recorded at $84.06%. How NYSE:ATI Taste Ups And Down-
Stocks of Webster Financial Corporation (NYSE:WBS) closed at $51.98 in last session with the total traded volume of 1.07 Million. The holding company for Webster Bank, N.A., Webster Financial Corporation (WBS) reported that its BOD declared a quarterly cash dividend of $.26 per share on its common stock, an increase of $.01 from the previous $.25 per share.
James C. Smith, chairman and CEO, said, “In light of Webster’s continued solid financial performance and strong capital position, the Board of Directors voted to increase the dividend on our common shares.”The dividend on the common shares will be payable May 22, 2017 to shareholders of record on May 8, 2017.On its Series E Preferred Stock, Webster declared a quarterly cash dividend of $400.00 per share ($.40 per each depository share, 1,000 of which represent one share of Series E Preferred Stock), payable June 15, 2017 to shareholders of record on June 1, 2017.
As took short look on the firm profit margin which was recorded 24.10%, and operating margin was recorded 80.60%. The Financial Institutional ownership of the firm was 99.10% while by insiders was 1.00%. On Vigorous Sprint, Is NYSE:WBS Going to Bullish or Bearish?