AK Steel (AKS) Set to Announce Quarterly Earnings on Tuesday

AK Steel (NYSE:AKS) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, January 30th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.

AK Steel (NYSE:AKS) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). AK Steel had a net margin of 0.92% and a return on equity of 140.37%. On average, analysts expect AK Steel to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AK Steel (NYSE:AKS) opened at $6.22 on Tuesday. The company has a market cap of $2,027.82, a PE ratio of 44.43, a PEG ratio of 1.57 and a beta of 2.90. The company has a debt-to-equity ratio of 11.89, a quick ratio of 0.75 and a current ratio of 1.92. AK Steel has a one year low of $4.00 and a one year high of $10.26.

Several equities analysts have recently commented on the stock. Jefferies Group downgraded shares of AK Steel from a “buy” rating to a “hold” rating and lowered their price objective for the company from $6.64 to $6.50 in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of AK Steel from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Cowen reaffirmed a “hold” rating and set a $7.00 price objective on shares of AK Steel in a research note on Thursday, January 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $7.00 price objective on shares of AK Steel in a research note on Thursday, October 5th. Finally, Longbow Research reaffirmed a “neutral” rating on shares of AK Steel in a research note on Tuesday, October 3rd. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. AK Steel currently has an average rating of “Buy” and an average price target of $7.54.

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AK Steel Company Profile

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 for AK Steel (NYSE:AKS)

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