Brokerages expect Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) to report $0.15 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Universal Stainless & Alloy Products’ earnings. Universal Stainless & Alloy Products reported earnings of ($0.11) per share during the same quarter last year, which would indicate a positive year over year growth rate of 236.4%. The company is expected to report its next quarterly earnings report on Wednesday, July 26th.

On average, analysts expect that Universal Stainless & Alloy Products will report full year earnings of $0.30 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $0.65 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Universal Stainless & Alloy Products.

Universal Stainless & Alloy Products (NASDAQ:USAP) last posted its quarterly earnings data on Friday, April 28th. The basic materials company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. Universal Stainless & Alloy Products had a negative net margin of 2.52% and a negative return on equity of 2.03%. The company had revenue of $48.88 million for the quarter, compared to analyst estimates of $42.24 million. The company’s revenue was up 23.4% compared to the same quarter last year.

Separately, Zacks Investment Research upgraded shares of Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, April 19th.

Universal Stainless & Alloy Products (NASDAQ:USAP) traded down 1.837% on Monday, hitting $20.035. 5,875 shares of the company were exchanged. Universal Stainless & Alloy Products has a one year low of $9.13 and a one year high of $20.63. The stock has a 50 day moving average price of $18.30 and a 200 day moving average price of $16.35. The firm’s market cap is $144.61 million.

ILLEGAL ACTIVITY NOTICE: “$0.15 Earnings Per Share Expected for Universal Stainless & Alloy Products, Inc. (USAP) This Quarter” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/07/16/0-15-earnings-per-share-expected-for-universal-stainless-alloy-products-inc-usap-this-quarter-updated.html.

Several institutional investors have recently made changes to their positions in USAP. Thomson Horstmann & Bryant Inc. raised its position in shares of Universal Stainless & Alloy Products by 12.6% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 320,350 shares of the basic materials company’s stock worth $5,445,000 after buying an additional 35,900 shares during the last quarter. Boston Partners raised its position in shares of Universal Stainless & Alloy Products by 37.8% in the first quarter. Boston Partners now owns 115,908 shares of the basic materials company’s stock worth $1,970,000 after buying an additional 31,800 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Universal Stainless & Alloy Products during the fourth quarter worth about $349,000. Royce & Associates LP raised its position in shares of Universal Stainless & Alloy Products by 108.9% in the first quarter. Royce & Associates LP now owns 29,700 shares of the basic materials company’s stock worth $505,000 after buying an additional 15,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Universal Stainless & Alloy Products by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 502,094 shares of the basic materials company’s stock worth $8,536,000 after buying an additional 7,774 shares during the last quarter. Institutional investors own 78.41% of the company’s stock.

About Universal Stainless & Alloy Products

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.

Get a free copy of the Zacks research report on Universal Stainless & Alloy Products (USAP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Universal Stainless & Alloy Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Stainless & Alloy Products Inc. and related stocks with our FREE daily email newsletter.