Universal Stainless & Alloy Products, Inc. (USAP) Expected to Post Earnings of $0.23 Per Share

Analysts predict that Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) will post earnings of $0.23 per share for the current quarter, according to Zacks. Zero analysts have made estimates for Universal Stainless & Alloy Products’ earnings. Universal Stainless & Alloy Products reported earnings per share of ($0.11) during the same quarter last year, which suggests a positive year over year growth rate of 309.1%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, April 25th.

On average, analysts expect that Universal Stainless & Alloy Products will report full-year earnings of $1.20 per share for the current year. For the next financial year, analysts expect that the company will post earnings of $1.60 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Universal Stainless & Alloy Products.

Universal Stainless & Alloy Products (NASDAQ:USAP) last released its quarterly earnings data on Wednesday, January 24th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The business had revenue of $50.30 million during the quarter, compared to analyst estimates of $47.17 million. Universal Stainless & Alloy Products had a net margin of 4.09% and a return on equity of 0.33%. The business’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period last year, the business earned ($0.22) earnings per share.

Several analysts recently weighed in on the company. Zacks Investment Research raised Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, April 19th. ValuEngine raised Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd.

NASDAQ:USAP traded down $0.93 during trading hours on Friday, hitting $28.16. The company’s stock had a trading volume of 59,618 shares, compared to its average volume of 39,917. The firm has a market capitalization of $215.62, a PE ratio of 371.13 and a beta of 0.99. The company has a quick ratio of 0.66, a current ratio of 3.25 and a debt-to-equity ratio of 0.39. Universal Stainless & Alloy Products has a twelve month low of $16.21 and a twelve month high of $31.20.

In other news, Chairman Dennis M. Oates purchased 1,059 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average cost of $23.61 per share, with a total value of $25,002.99. Following the completion of the purchase, the chairman now owns 95,369 shares of the company’s stock, valued at approximately $2,251,662.09. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 10.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Universal Stainless & Alloy Products by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 545,910 shares of the basic materials company’s stock worth $11,382,000 after acquiring an additional 19,781 shares during the period. Royce & Associates LP lifted its stake in shares of Universal Stainless & Alloy Products by 12.5% in the fourth quarter. Royce & Associates LP now owns 434,907 shares of the basic materials company’s stock worth $9,316,000 after acquiring an additional 48,329 shares during the period. Boston Partners lifted its stake in shares of Universal Stainless & Alloy Products by 14.3% in the fourth quarter. Boston Partners now owns 247,192 shares of the basic materials company’s stock worth $5,295,000 after acquiring an additional 30,992 shares during the period. Forest Hill Capital LLC lifted its stake in shares of Universal Stainless & Alloy Products by 49.0% in the fourth quarter. Forest Hill Capital LLC now owns 167,074 shares of the basic materials company’s stock worth $3,579,000 after acquiring an additional 54,973 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Universal Stainless & Alloy Products by 16.0% in the fourth quarter. Renaissance Technologies LLC now owns 124,800 shares of the basic materials company’s stock worth $2,673,000 after acquiring an additional 17,174 shares during the period. 85.98% of the stock is currently owned by institutional investors.

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Universal Stainless & Alloy Products Company Profile

Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

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