Metallus (NYSE:MTUS) Posts Quarterly Earnings Results

Metallus (NYSE:MTUS) posted its quarterly earnings results on Monday. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05, FiscalAI reports. The business had revenue of $337.20 million for the quarter, compared to analysts’ expectations of $345.15 million. Metallus had a net margin of 0.66% and a return on equity of 3.35%.

Metallus Price Performance

Metallus stock opened at $21.34 on Tuesday. Metallus has a 12-month low of $14.19 and a 12-month high of $22.58. The stock has a market capitalization of $884.75 million, a P/E ratio of 112.35, a P/E/G ratio of 1.72 and a beta of 1.37. The firm’s 50-day moving average is $19.82 and its two-hundred day moving average is $19.17.

Insider Buying and Selling at Metallus

In related news, EVP Kristine Syrvalin sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $21.12, for a total transaction of $105,600.00. Following the transaction, the executive vice president owned 101,078 shares of the company’s stock, valued at approximately $2,134,767.36. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MTUS. Weiss Ratings reiterated a “hold (c)” rating on shares of Metallus in a research note on Friday, September 4th. KeyCorp reissued a “sector weight” rating on shares of Metallus in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Metallus from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Metallus Company Profile

Metallus, Inc is a specialty metals manufacturer based in Canton, Ohio. The company produces alloy steel and other engineered materials for applications that require strength, durability, and precision. Its products are used in demanding industrial and transportation applications.

The company’s offerings include special bar quality steel, seamless mechanical tubing, and precision-engineered steel components. Metallus serves customers in markets such as automotive, aerospace and defense, energy, industrial equipment, and other manufacturing sectors.