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

AK Steel Holding Corporation (NYSE:AKS) will be issuing its quarterly earnings data before the market opens on Tuesday, July 25th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

AK Steel Holding Corporation (NYSE:AKS) last posted its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.49 billion. AK Steel Holding Corporation had a net margin of 1.16% and a negative return on equity of 235.11%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. On average, analysts expect AK Steel Holding Corporation to post $0.67 EPS for the current fiscal year and $0.9 EPS for the next fiscal year.

Shares of AK Steel Holding Corporation (NYSE:AKS) opened at 6.49 on Tuesday. AK Steel Holding Corporation has a 52-week low of $3.87 and a 52-week high of $11.39. The firm has a 50-day moving average of $6.07 and a 200 day moving average of $7.72. The firm has a market cap of $2.04 billion, a PE ratio of 25.16 and a beta of 2.88.

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Several research analysts have recently issued reports on AKS shares. Zacks Investment Research downgraded AK Steel Holding Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, March 21st. Vetr raised AK Steel Holding Corporation from a “buy” rating to a “strong-buy” rating and set a $9.14 price objective for the company in a research note on Tuesday, March 21st. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $9.00 price objective (up previously from $8.00) on shares of AK Steel Holding Corporation in a research note on Wednesday, March 22nd. Citigroup Inc. raised AK Steel Holding Corporation from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $8.00 to $7.00 in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC upped their price objective on AK Steel Holding Corporation from $9.00 to $11.50 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AK Steel Holding Corporation has an average rating of “Hold” and a consensus price target of $8.32.

AK Steel Holding Corporation 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 Holding Corporation (NYSE:AKS)

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