AK Steel Holding Corporation (NYSE:AKS) is scheduled to release its earnings data before the market opens on Tuesday, July 25th. Analysts expect AK Steel Holding Corporation to post earnings of $0.13 per share for the quarter.
AK Steel Holding Corporation (NYSE:AKS) last issued its earnings results on Tuesday, April 25th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. AK Steel Holding Corporation had a negative return on equity of 235.11% and a net margin of 1.16%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned ($0.08) EPS. AK Steel Holding Corporation’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts expect AK Steel Holding Corporation to post $0.67 EPS for the current fiscal year and $0.9 EPS for the next fiscal year.
AK Steel Holding Corporation (NYSE:AKS) opened at 6.49 on Tuesday. AK Steel Holding Corporation has a one year low of $3.87 and a one year high of $11.39. The company has a 50 day moving average price of $6.07 and a 200-day moving average price of $7.72. The company has a market capitalization of $2.04 billion, a PE ratio of 25.16 and a beta of 2.88.
Several brokerages recently weighed in on AKS. Zacks Investment Research cut AK Steel Holding Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $10.00 price target on shares of AK Steel Holding Corporation in a research note on Thursday, July 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $9.00 price target on shares of AK Steel Holding Corporation in a research note on Wednesday, June 28th. Longbow Research raised AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Finally, Clarkson Capital raised AK Steel Holding Corporation from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $8.32.
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About AK Steel Holding Corporation
AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.
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