Equities analysts forecast that AK Steel Holding Corporation (NYSE:AKS) will announce earnings of $0.05 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for AK Steel Holding Corporation’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.10. AK Steel Holding Corporation reported earnings of $0.21 per share in the same quarter last year, which indicates a negative year over year growth rate of 76.2%. The company is scheduled to report its next quarterly earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that AK Steel Holding Corporation will report full-year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.80. For the next year, analysts anticipate that the company will post earnings of $0.86 per share, with EPS estimates ranging from $0.49 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow AK Steel Holding Corporation.

AK Steel Holding Corporation (NYSE:AKS) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.06. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share.

A number of research analysts have recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and issued a $9.00 price target on shares of AK Steel Holding Corporation in a research report on Wednesday, June 28th. Longbow Research assumed coverage on AK Steel Holding Corporation in a research report on Friday, May 19th. They issued a “neutral” rating for the company. BMO Capital Markets set a $7.00 price target on AK Steel Holding Corporation and gave the company a “hold” rating in a research report on Sunday, July 30th. Zacks Investment Research cut AK Steel Holding Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Clarkson Capital upgraded AK Steel Holding Corporation from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Thursday, May 25th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $8.47.

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Shares of AK Steel Holding Corporation (NYSE AKS) traded up 4.91% during mid-day trading on Wednesday, hitting $5.77. 22,066,205 shares of the stock were exchanged. AK Steel Holding Corporation has a 52-week low of $3.87 and a 52-week high of $11.39. The stock’s 50-day moving average price is $5.74 and its 200-day moving average price is $6.62. The company has a market cap of $1.82 billion, a P/E ratio of 15.10 and a beta of 2.86. AK Steel Holding Corporation also was the recipient of unusually large options trading on Monday. Stock traders purchased 12,641 call options on the stock. This represents an increase of approximately 121% compared to the typical volume of 5,715 call options.

A number of hedge funds have recently modified their holdings of AKS. Stifel Financial Corp purchased a new position in AK Steel Holding Corporation during the first quarter valued at $110,000. Meadow Creek Investment Management LLC raised its position in AK Steel Holding Corporation by 14.6% in the first quarter. Meadow Creek Investment Management LLC now owns 16,016 shares of the basic materials company’s stock valued at $115,000 after buying an additional 2,044 shares in the last quarter. Alps Advisors Inc. raised its position in AK Steel Holding Corporation by 35.0% in the second quarter. Alps Advisors Inc. now owns 17,639 shares of the basic materials company’s stock valued at $116,000 after buying an additional 4,573 shares in the last quarter. Riverhead Capital Management LLC raised its position in AK Steel Holding Corporation by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock valued at $116,000 after buying an additional 7,516 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in AK Steel Holding Corporation during the first quarter valued at $128,000. 72.86% of the stock is currently 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.

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

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