Metallus (NYSE:MTUS) Shares Gap Up Following Better-Than-Expected Earnings

Metallus Inc. (NYSE:MTUS) shares gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $20.63, but opened at $22.89. Metallus shares last traded at $22.53, with a volume of 97,930 shares trading hands.

The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.21. The business had revenue of $321.60 million for the quarter, compared to analyst estimates of $319.80 million. Metallus had a net margin of 5.09% and a return on equity of 12.54%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share.

Insider Activity

In related news, EVP Kevin A. Raketich sold 10,354 shares of Metallus stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $20.37, for a total value of $210,910.98. Following the sale, the executive vice president now owns 88,551 shares of the company’s stock, valued at approximately $1,803,783.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Metallus news, EVP Kevin A. Raketich sold 2,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $23.00, for a total transaction of $46,000.00. Following the sale, the executive vice president now directly owns 84,551 shares of the company’s stock, valued at approximately $1,944,673. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin A. Raketich sold 10,354 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $20.37, for a total transaction of $210,910.98. Following the transaction, the executive vice president now owns 88,551 shares of the company’s stock, valued at $1,803,783.87. The disclosure for this sale can be found here. Insiders have sold a total of 145,654 shares of company stock worth $3,074,093 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Metallus Trading Up 9.2 %

The stock has a fifty day moving average price of $21.36. The company has a market cap of $988.40 million, a price-to-earnings ratio of 15.42, a P/E/G ratio of 0.74 and a beta of 1.55.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.