Wall Street brokerages expect AK Steel Holding Co. (NYSE:AKS) to post earnings of $0.13 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for AK Steel’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.15. AK Steel posted earnings per share of $0.09 during the same quarter last year, which would indicate a positive year-over-year growth rate of 44.4%. The company is expected to announce its next earnings report on Monday, April 29th.
According to Zacks, analysts expect that AK Steel will report full year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.37 to $1.00. For the next financial year, analysts expect that the business will post earnings of $0.46 per share, with EPS estimates ranging from $0.33 to $0.58. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for AK Steel.
Get AK Steel alerts:
AK Steel (NYSE:AKS) last posted its earnings results on Monday, January 28th. The basic materials company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. AK Steel had a return on equity of 54.01% and a net margin of 2.73%. AK Steel’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS.
Several equities analysts recently commented on AKS shares. Morgan Stanley set a $5.00 target price on AK Steel and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Longbow Research downgraded AK Steel from a “buy” rating to a “neutral” rating and set a $2.77 target price for the company. in a research report on Wednesday, January 30th. Zacks Investment Research downgraded AK Steel from a “buy” rating to a “hold” rating in a research report on Thursday. Macquarie downgraded AK Steel from an “outperform” rating to a “neutral” rating and set a $3.00 price objective for the company. in a research report on Tuesday, January 29th. Finally, ValuEngine downgraded AK Steel from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $3.76.
Shares of AK Steel stock traded down $0.01 during midday trading on Friday, hitting $2.98. 8,701,756 shares of the company were exchanged, compared to its average volume of 11,691,463. The company has a debt-to-equity ratio of 4.64, a current ratio of 1.95 and a quick ratio of 0.69. The company has a market capitalization of $968.71 million, a PE ratio of 4.66, a price-to-earnings-growth ratio of 1.06 and a beta of 2.73. AK Steel has a 52 week low of $2.05 and a 52 week high of $6.14.
In other AK Steel news, CEO Roger K. Newport acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 27th. The stock was purchased at an average price of $3.03 per share, for a total transaction of $30,300.00. Following the transaction, the chief executive officer now owns 461,297 shares in the company, valued at approximately $1,397,729.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.13% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position 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 worth $113,000 after acquiring an additional 21,100 shares during the last quarter. 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 acquiring an additional 531,265 shares during the last quarter. Teachers Advisors LLC raised its position in shares of AK Steel by 374.7% during the third quarter. Teachers Advisors LLC now owns 2,908,497 shares of the basic materials company’s stock worth $14,252,000 after acquiring an additional 2,295,750 shares during the last quarter. FMR LLC bought a new stake in shares of AK Steel during the third quarter worth $3,971,000. Finally, New Jersey Better Educational Savings Trust raised its position in shares of AK Steel by 20.0% during the fourth quarter. New Jersey Better Educational Savings Trust now owns 120,000 shares of the basic materials company’s stock worth $270,000 after acquiring an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.
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.
Featured Story: Quiet Period Expirations
Get a free copy of the Zacks research report on AK Steel (AKS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com