AK Steel Holding Co. (AKS) Expected to Post Earnings of $0.03 Per Share

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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 research analysts have recently issued reports on AKS shares. Longbow Research downgraded AK Steel from a “buy” rating to a “neutral” rating and set a $2.77 price objective for the company. in a research note on Wednesday, January 30th. Zacks Investment Research cut AK Steel from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Macquarie cut AK Steel from an “outperform” rating to a “neutral” rating and set a $3.00 target price on the stock. in a report on Tuesday, January 29th. Morgan Stanley cut AK Steel from an “overweight” rating to an “equal weight” rating and set a $2.80 target price on the stock. in a report on Monday, January 28th. Finally, TheStreet upgraded AK Steel from a “d+” rating to a “c-” rating in a report on Thursday, February 21st. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $3.15.

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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Earnings History and Estimates for AK Steel (NYSE:AKS)

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