Equities research analysts predict that AK Steel Holding Co. (NYSE:AKS) will report earnings per share of $0.03 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for AK Steel’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.02. AK Steel posted earnings per share of $0.22 in the same quarter last year, which suggests a negative year over year growth rate of 86.4%. The company is expected to announce its next quarterly earnings report on Monday, July 29th.
According to Zacks, analysts expect that AK Steel will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.27 to $0.52. For the next year, analysts expect that the company will report earnings of $0.39 per share, with EPS estimates ranging from $0.04 to $0.61. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow AK Steel.
AK Steel (NYSE:AKS) last released its quarterly earnings data on Monday, April 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.10. AK Steel had a return on equity of 61.44% and a net margin of 2.23%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of AKS. Vanguard Group Inc. raised its position in shares of AK Steel by 1.7% during the third quarter. Vanguard Group Inc. now owns 32,062,343 shares of the basic materials company’s stock worth $157,105,000 after purchasing an additional 531,265 shares during the period. Flagship Harbor Advisors LLC raised its position in AK Steel by 124.1% in the 4th quarter. Flagship Harbor Advisors LLC now owns 31,570 shares of the basic materials company’s stock valued at $71,000 after buying an additional 17,480 shares during the last quarter. Regal Investment Advisors LLC raised its position in AK Steel by 68.0% in the 4th quarter. Regal Investment Advisors LLC now owns 37,560 shares of the basic materials company’s stock valued at $85,000 after buying an additional 15,200 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in AK Steel by 434.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 83,503 shares of the basic materials company’s stock valued at $188,000 after buying an additional 67,869 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of AK Steel by 0.4% during the 4th quarter. BlackRock Inc. now owns 45,940,049 shares of the basic materials company’s stock valued at $103,367,000 after purchasing an additional 197,294 shares during the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.
Shares of AK Steel stock traded up $0.02 on Friday, hitting $2.35. The stock had a trading volume of 144,648 shares, compared to its average volume of 9,245,758. AK Steel has a twelve month low of $2.05 and a twelve month high of $5.40. The company has a debt-to-equity ratio of 4.74, a current ratio of 2.05 and a quick ratio of 0.78. The company has a market capitalization of $741.73 million, a P/E ratio of 3.66, a P/E/G ratio of 0.97 and a beta of 2.73.
AK Steel Company Profile
AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, and stainless and electrical steel 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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