AK Steel (NYSE:AKS) is set to issue its Q3 2019 quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
AK Steel (NYSE:AKS) last released its quarterly earnings data on Monday, July 29th. The basic materials company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.15. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.73 billion. AK Steel had a net margin of 2.40% and a return on equity of 57.52%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. On average, analysts expect AK Steel to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
AK Steel stock opened at $2.68 on Tuesday. The firm has a market cap of $790.96 million, a PE ratio of 4.19, a P/E/G ratio of 1.20 and a beta of 3.02. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.76 and a current ratio of 2.02. The firm’s 50 day moving average price is $2.44 and its two-hundred day moving average price is $2.33. AK Steel has a twelve month low of $1.66 and a twelve month high of $4.03.
AKS has been the topic of several research reports. JPMorgan Chase & Co. lowered shares of AK Steel from an “overweight” rating to an “underweight” rating in a research note on Monday, September 23rd. ValuEngine raised shares of AK Steel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. BMO Capital Markets set a $3.00 target price on shares of AK Steel and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Cowen reissued a “market perform” rating and issued a $2.40 target price (up from $1.90) on shares of AK Steel in a research report on Wednesday, July 31st. Finally, Citigroup set a $3.00 target price on shares of AK Steel and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. AK Steel currently has a consensus rating of “Hold” and an average price target of $2.52.
AK Steel Company Profile
AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, and stainless and electrical steel products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.
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