AK Steel Holding Corporation (AKS) Set to Announce Earnings on Tuesday
AK Steel Holding Corporation (NYSE:AKS) will post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect AK Steel Holding Corporation to post earnings of $0.03 per share for the quarter.
AK Steel Holding Corporation (NYSE:AKS) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business posted $0.08 EPS. AK Steel Holding Corporation’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts expect AK Steel Holding Corporation to post $0.45 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.
AK Steel Holding Corporation (NYSE:AKS) traded up 1.30% during trading on Tuesday, reaching $6.23. The company had a trading volume of 6,822,928 shares. The company has a 50-day moving average of $5.66 and a 200-day moving average of $5.93. The firm has a market capitalization of $1.96 billion, a P/E ratio of 16.31 and a beta of 2.91. AK Steel Holding Corporation has a 52-week low of $4.93 and a 52-week high of $11.39.
A number of brokerages have recently commented on AKS. Zacks Investment Research upgraded AK Steel Holding Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Jefferies Group LLC reiterated a “buy” rating and set a $9.00 price objective on shares of AK Steel Holding Corporation in a research report on Wednesday, June 28th. Deutsche Bank AG reiterated a “buy” rating and set a $10.00 price objective on shares of AK Steel Holding Corporation in a research report on Thursday, July 6th. Longbow Research downgraded AK Steel Holding Corporation from a “buy” rating to a “neutral” rating and increased their price objective for the company from $6.20 to $6.24 in a research report on Thursday, July 27th. Finally, ValuEngine downgraded AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.28.
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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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