Universal Stainless & Alloy Products (USAP) Set to Announce Quarterly Earnings on Wednesday
Universal Stainless & Alloy Products (NASDAQ:USAP) will be announcing its Q313 earnings results on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.06 per share and revenue of $43.83 million for the quarter.
Universal Stainless & Alloy Products (NASDAQ:USAP) last announced its earnings results on Wednesday, July 31st. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.05. The company had revenue of $42.89 million for the quarter, compared to the consensus estimate of $51.75 million. During the same quarter last year, the company posted $0.60 earnings per share. Universal Stainless & Alloy Products’s revenue was down 36.8% compared to the same quarter last year.
Shares of Universal Stainless & Alloy Products (NASDAQ:USAP) traded up 1.33% on Tuesday, hitting $33.40. 4,578 shares of the company’s stock traded hands. Universal Stainless & Alloy Products has a one year low of $19.28 and a one year high of $38.44. The stock has a 50-day moving average of $32.18 and a 200-day moving average of $30.56. The company has a market cap of $233.5 million and a price-to-earnings ratio of 54.48.
A number of research firms have recently commented on USAP. Analysts at Zacks upgraded shares of Universal Stainless & Alloy Products from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $33.80 price target on the stock.
Universal Stainless & Alloy Products, Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, tool steel and certain other alloyed steels.
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