$0.12 Earnings Per Share Expected for AK Steel Holding Co. (AKS) This Quarter

Equities analysts forecast that AK Steel Holding Co. (NYSE:AKS) will announce $0.12 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for AK Steel’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.07. AK Steel reported earnings per share of $0.09 in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is scheduled to announce its next earnings results after the market closes on Monday, April 29th.

According to Zacks, analysts expect that AK Steel will report full-year earnings of $0.45 per share for the current fiscal year, with EPS estimates ranging from $0.27 to $0.55. For the next fiscal year, analysts anticipate that the business will report earnings of $0.41 per share, with EPS estimates ranging from $0.20 to $0.59. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow AK Steel.

AK Steel (NYSE:AKS) last posted its quarterly earnings results on Monday, January 28th. The basic materials company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. AK Steel had a net margin of 2.73% and a return on equity of 54.01%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue was up 12.1% on a year-over-year basis.

Several research firms have recently weighed in on AKS. Longbow Research downgraded shares of AK Steel from a “buy” rating to a “neutral” rating and set a $2.77 price target for the company. in a research note on Wednesday, January 30th. Cowen began coverage on shares of AK Steel in a research note on Tuesday, January 8th. They set a “market perform” rating and a $2.50 price target for the company. Macquarie downgraded shares of AK Steel from an “outperform” rating to a “neutral” rating and set a $3.00 price target for the company. in a research note on Tuesday, January 29th. Zacks Investment Research raised shares of AK Steel from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Tuesday, February 12th. Finally, TheStreet raised shares of AK Steel from a “d+” rating to a “c-” rating in a research note on Thursday, February 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $3.57.

AK Steel stock opened at $2.45 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.95 and a debt-to-equity ratio of 4.64. AK Steel has a fifty-two week low of $2.05 and a fifty-two week high of $5.40. The company has a market cap of $774.95 million, a PE ratio of 3.60, a P/E/G ratio of 1.10 and a beta of 2.83.

Large investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. bought a new position in AK Steel in the fourth quarter worth approximately $25,000. Claybrook Capital LLC bought a new position in AK Steel in the fourth quarter worth approximately $38,000. Magnus Financial Group LLC acquired a new position in shares of AK Steel during the fourth quarter worth $40,000. Blueshift Asset Management LLC acquired a new position in shares of AK Steel during the fourth quarter worth $45,000. Finally, Heritage Investors Management Corp acquired a new position in shares of AK Steel during the first quarter worth $52,000. 62.61% of the stock is owned by institutional investors.

About AK Steel

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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