AK Steel Holding Corporation (NYSE:AKS) – Research analysts at KeyCorp issued their Q3 2017 EPS estimates for shares of AK Steel Holding Corporation in a research note issued to investors on Wednesday. KeyCorp analyst P. Gibbs anticipates that the basic materials company will earn $0.02 per share for the quarter. KeyCorp also issued estimates for AK Steel Holding Corporation’s FY2018 earnings at $0.60 EPS.

AK Steel Holding Corporation (NYSE:AKS) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.06. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. TRADEMARK VIOLATION NOTICE: This news story was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/18/ak-steel-holding-corporation-to-post-q3-2017-earnings-of-0-02-per-share-keycorp-forecasts-aks.html.

Other research analysts have also issued reports about the stock. Deutsche Bank AG restated a “buy” rating and set a $10.00 price objective on shares of AK Steel Holding Corporation in a research note on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $9.00 price objective on shares of AK Steel Holding Corporation in a research note on Wednesday, June 28th. Longbow Research upgraded shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Clarkson Capital upgraded shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Thursday, May 25th. Finally, ValuEngine lowered shares of AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.06.

AK Steel Holding Corporation (NYSE AKS) opened at 5.26 on Friday. AK Steel Holding Corporation has a 52-week low of $3.87 and a 52-week high of $11.39. The firm’s 50-day moving average is $5.92 and its 200 day moving average is $6.74. The firm has a market capitalization of $1.66 billion, a P/E ratio of 13.77 and a beta of 2.86.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in AK Steel Holding Corporation by 52,055.2% in the first quarter. BlackRock Inc. now owns 39,293,178 shares of the basic materials company’s stock worth $282,518,000 after buying an additional 39,217,839 shares in the last quarter. Vanguard Group Inc. increased its stake in AK Steel Holding Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 37,074,630 shares of the basic materials company’s stock worth $266,566,000 after buying an additional 2,308,220 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in AK Steel Holding Corporation by 25.6% in the first quarter. TIAA CREF Investment Management LLC now owns 16,463,348 shares of the basic materials company’s stock worth $118,371,000 after buying an additional 3,357,464 shares in the last quarter. State Street Corp increased its stake in AK Steel Holding Corporation by 20.3% in the first quarter. State Street Corp now owns 12,737,201 shares of the basic materials company’s stock worth $91,579,000 after buying an additional 2,151,457 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in AK Steel Holding Corporation by 63.5% in the first quarter. Teachers Advisors LLC now owns 8,114,044 shares of the basic materials company’s stock worth $58,340,000 after buying an additional 3,150,282 shares in the last quarter. 77.75% of the stock is owned by hedge funds and other institutional investors.

About AK Steel Holding Corporation

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.

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

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