Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.02 for the period, compared to the Thomson Reuters consensus estimate of $0.18. The company issued revenue guidance of $51 million, compared to the consensus revenue estimate of $53.29 million.
A number of analysts recently issued reports on the company. Zacks Investment Research lowered Universal Stainless & Alloy Products from a hold rating to a sell rating in a research note on Thursday. KeyCorp reiterated a hold rating on shares of Universal Stainless & Alloy Products in a research note on Sunday, October 15th.
Shares of Universal Stainless & Alloy Products, Inc. (NASDAQ USAP) traded down 1.98% during trading on Friday, reaching $20.75. The company’s stock had a trading volume of 20,627 shares. The company has a 50 day moving average of $20.54 and a 200 day moving average of $18.96. Universal Stainless & Alloy Products, Inc. has a 12-month low of $9.13 and a 12-month high of $23.04. The company’s market cap is $149.98 million.
Universal Stainless & Alloy Products (NASDAQ:USAP) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. The business had revenue of $50.90 million during the quarter, compared to the consensus estimate of $51.19 million. Universal Stainless & Alloy Products had a negative net margin of 1.08% and a negative return on equity of 0.53%. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. On average, analysts anticipate that Universal Stainless & Alloy Products, Inc. will post $0.17 EPS for the current fiscal year.
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Universal Stainless & Alloy Products Company Profile
Universal Stainless & Alloy Products, Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company’s manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.
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