Brokerages Anticipate AK Steel Holding Co. (AKS) to Announce $0.12 EPS

Equities analysts expect that AK Steel Holding Co. (NYSE:AKS) will announce $0.12 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for AK Steel’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.09. AK Steel posted earnings per share of ($0.06) in the same quarter last year, which would indicate a positive year-over-year growth rate of 300%. The company is expected to announce its next quarterly earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that AK Steel will report full year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.57 to $0.62. For the next fiscal year, analysts forecast that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.52 to $1.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover AK Steel.

AK Steel (NYSE:AKS) last issued its earnings results on Thursday, October 25th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). AK Steel had a return on equity of 45.52% and a net margin of 0.67%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.82 billion.

AKS has been the topic of several research reports. Clarkson Capital raised AK Steel from a “neutral” rating to a “buy” rating in a report on Tuesday, September 11th. Bank of America raised AK Steel from an “underperform” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Friday, September 7th. Morgan Stanley lowered AK Steel to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research upgraded AK Steel from a “sell” rating to a “hold” rating in a research report on Monday, November 12th. Finally, Seaport Global Securities initiated coverage on AK Steel in a research report on Thursday, October 11th. They issued a “neutral” rating and a $5.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. AK Steel currently has a consensus rating of “Hold” and a consensus price target of $5.36.

In other AK Steel news, CEO Roger K. Newport bought 10,000 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was acquired at an average price of $3.03 per share, for a total transaction of $30,300.00. Following the completion of the transaction, the chief executive officer now directly owns 461,297 shares of the company’s stock, valued at $1,397,729.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.13% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in shares of AK Steel by 1,136.9% during the third quarter. Tower Research Capital LLC TRC now owns 22,956 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 21,100 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of AK Steel during the second quarter valued at approximately $117,000. MML Investors Services LLC raised its stake in shares of AK Steel by 105.9% during the third quarter. MML Investors Services LLC now owns 25,343 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 13,037 shares in the last quarter. Truepoint Inc. raised its stake in shares of AK Steel by 21,958.8% during the second quarter. Truepoint Inc. now owns 30,000 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 29,864 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of AK Steel during the second quarter valued at approximately $140,000. Institutional investors and hedge funds own 66.53% of the company’s stock.

Shares of AKS stock traded down $0.05 during trading hours on Friday, hitting $3.08. The stock had a trading volume of 8,170,255 shares, compared to its average volume of 9,123,598. AK Steel has a one year low of $2.98 and a one year high of $6.80. The company has a current ratio of 2.03, a quick ratio of 0.77 and a debt-to-equity ratio of 4.65. The stock has a market capitalization of $987.65 million, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.04 and a beta of 2.85.

AK Steel Company Profile

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.

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