AK Steel (NYSE:AKS) will announce its earnings results before the market opens on Tuesday, January 30th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.
AK Steel (NYSE:AKS) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). AK Steel had a net margin of 0.92% and a return on equity of 140.37%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. On average, analysts expect AK Steel to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
AK Steel (AKS) opened at $6.34 on Monday. The company has a debt-to-equity ratio of 11.89, a quick ratio of 0.75 and a current ratio of 1.92. AK Steel has a fifty-two week low of $4.00 and a fifty-two week high of $9.19. The company has a market cap of $2,000.00, a price-to-earnings ratio of 42.27, a PEG ratio of 1.53 and a beta of 2.90.
AKS has been the subject of several analyst reports. Longbow Research reaffirmed a “neutral” rating on shares of AK Steel in a research note on Tuesday, October 3rd. Jefferies Group lowered shares of AK Steel from a “buy” rating to a “hold” rating and reduced their price objective for the company from $6.64 to $6.50 in a research note on Tuesday, January 9th. Cowen reaffirmed a “hold” rating and issued a $6.00 price objective on shares of AK Steel in a research note on Tuesday, October 24th. BMO Capital Markets reaffirmed a “hold” rating on shares of AK Steel in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AK Steel from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $7.54.
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About AK Steel
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.
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