Universal Stainless & Alloy Products Forecasted to Earn FY2021 Earnings of $1.00 Per Share (NASDAQ:USAP)

Universal Stainless & Alloy Products (NASDAQ:USAP) – Equities researchers at KeyCorp issued their FY2021 EPS estimates for shares of Universal Stainless & Alloy Products in a research note issued to investors on Wednesday, January 15th. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings of $1.00 per share for the year. KeyCorp currently has a “Overweight” rating and a $20.00 price target on the stock.

Universal Stainless & Alloy Products (NASDAQ:USAP) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.12). The business had revenue of $56.57 million for the quarter, compared to analysts’ expectations of $65.80 million. Universal Stainless & Alloy Products had a return on equity of 1.90% and a net margin of 1.90%.

USAP has been the subject of a number of other reports. Zacks Investment Research downgraded Universal Stainless & Alloy Products from a “hold” rating to a “strong sell” rating in a report on Saturday, October 19th. ValuEngine raised Universal Stainless & Alloy Products from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

NASDAQ USAP traded down $0.15 during trading on Friday, reaching $14.12. 300 shares of the company’s stock were exchanged, compared to its average volume of 30,473. The stock has a market cap of $125.41 million, a P/E ratio of 11.74 and a beta of 1.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 4.51. The company has a 50 day moving average price of $14.49 and a two-hundred day moving average price of $14.97. Universal Stainless & Alloy Products has a 1 year low of $12.30 and a 1 year high of $19.16.

Several institutional investors have recently bought and sold shares of the company. Monarch Partners Asset Management LLC lifted its holdings in shares of Universal Stainless & Alloy Products by 25.5% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 32,810 shares of the basic materials company’s stock valued at $512,000 after purchasing an additional 6,660 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Universal Stainless & Alloy Products by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 127,400 shares of the basic materials company’s stock valued at $1,987,000 after purchasing an additional 7,000 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Universal Stainless & Alloy Products by 44.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 23,772 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 7,330 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Universal Stainless & Alloy Products in the 2nd quarter valued at about $204,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Universal Stainless & Alloy Products by 4.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 507,436 shares of the basic materials company’s stock valued at $7,913,000 after purchasing an additional 19,377 shares during the last quarter. 75.35% of the stock is owned by institutional investors and hedge funds.

About Universal Stainless & Alloy Products

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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