(AKS) Posts Earnings Results, Beats Estimates By $0.04 EPS
- Author: Zachary Reyes May 07, 2017,
May 07, 2017, 22:59
The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.91 billion. However a year ago during same quarter United States Steel Corporation (NYSE:X) reported -$0.31 EPS. The basic materials company reported $0.25 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.07 by $0.18.
These analysts also forecasted Growth Estimates for the Current Quarter for AKS to be 87.5%. UBS downgraded AK Steel Holding Corporation (NYSE:AKS) on Friday, April 8 to "Sell" rating. The business's quarterly revenue was up 1.0% compared to the same quarter a year ago. During the same period past year, the company posted ($2.15) earnings per share. The difference between the expected and actual EPS was $0.05/share, which represents an Earnings surprise of 35.7%. The stock's price is floating in a range of $5.71 and $5.87 whereas, it's 52-week High Price is $11.39 with respect to its 52-week Low Price of $3.31. It would take about 1.03 days to cover all short positions.
The company's 50 day moving average is 30.86 and its 200 day moving average is 31.69.
Market Capitalization can be thought of as the overall price to buy the company.
Shares of United States Steel Corp. Jefferies Group also issued estimates for United States Steel's Q3 2017 earnings at $0.88 EPS, Q4 2017 earnings at $0.98 EPS, FY2017 earnings at $1.81 EPS and FY2018 earnings at $3.45 EPS.
"COPYRIGHT VIOLATION WARNING: "[[title]]" was originally posted by [[site]] and is the property of of [[site]]. The legal version of this report can be viewed at https://transcriptdaily.com/2017/05/07/brokerages-anticipate-ak-steel-holding-co-aks-to-announce-0-15-earnings-per-share-updated.html. Capstone Asset Management Co owns 200,613 shares or 0.14% of their USA portfolio. Alpha Windward LLC acquired a new position in United States Steel during the third quarter worth approximately $402,000. If AKS is undervalued and the market situation is in decline stage, it might be a good investment too.
Many investors think of dividend-paying companies as boring, low-return investment opportunities. Tracking most recent quarter period, Price to book (P/B) ration is at 1.90 and Price to cash per share ration is at 34.64. Elkfork Partners LLC bought a new stake in AK Steel Holding during the fourth quarter valued at $112,000. Finally, Glen Harbor Capital Management LLC increased its stake in shares of AK Steel Holding by 14.6% in the first quarter. LS Investment Advisors LLC now owns 10,911 shares of the basic materials company's stock worth $206,000 after buying an additional 2,124 shares during the period. The senior management bring insider ownership to 0.70%, and institutional ownership is at 83.30%. The share price is trading in a range of $5.71 - 5.87. Finally, BMO Capital Markets reissued a "hold" rating and issued a $40.00 price target on shares of United States Steel in a report on Monday, April 24th.
AK Steel Holding Corporation was covered by a number of analysts recently, 2 rated the stock as Buy, 10 rated Hold, 0 rated sell and 0 gave an Underperform. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $9.00 price target (up previously from $8.00) on shares of AK Steel Holding in a report on Wednesday, March 22nd. The recommendation scale measures the value from 1 to 5, where 1 means "Strong Buy" and 5 stands for "Sell". Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering.
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).