Equities analysts expect AK Steel Holding Corporation (NYSE:AKS) to announce $0.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for AK Steel Holding Corporation’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.10. AK Steel Holding Corporation posted earnings per share of $0.21 in the same quarter last year, which would suggest a negative year over year growth rate of 76.2%. The business is scheduled to announce its next earnings results on Tuesday, October 24th.

On average, analysts expect that AK Steel Holding Corporation will report full-year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.37 to $0.80. For the next year, analysts anticipate that the company will report earnings of $0.85 per share, with EPS estimates ranging from $0.49 to $1.15. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for AK Steel Holding Corporation.

AK Steel Holding Corporation (NYSE:AKS) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis.

AKS has been the subject of a number of research reports. Macquarie upgraded shares of AK Steel Holding Corporation from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $7.30 to $8.10 in a research report on Monday, April 24th. Longbow Research began coverage on shares of AK Steel Holding Corporation in a report on Friday, May 19th. They set a “neutral” rating for the company. Jefferies Group LLC reiterated a “buy” rating and set a $9.00 price target on shares of AK Steel Holding Corporation in a report on Friday, April 28th. Deutsche Bank AG reiterated a “buy” rating and set a $10.00 price target on shares of AK Steel Holding Corporation in a report on Thursday, July 6th. Finally, BMO Capital Markets set a $7.00 price target on shares of AK Steel Holding Corporation and gave the stock a “hold” rating in a report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $8.06.

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A number of hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp bought a new stake in AK Steel Holding Corporation during the first quarter valued at about $110,000. Meadow Creek Investment Management LLC boosted its stake in AK Steel Holding Corporation by 14.6% in the first quarter. Meadow Creek Investment Management LLC now owns 16,016 shares of the basic materials company’s stock valued at $115,000 after buying an additional 2,044 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in AK Steel Holding Corporation by 12.2% in the first quarter. Concert Wealth Management Inc. now owns 16,600 shares of the basic materials company’s stock valued at $167,000 after buying an additional 1,800 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in AK Steel Holding Corporation by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock valued at $116,000 after buying an additional 7,516 shares in the last quarter. Finally, Alps Advisors Inc. boosted its stake in AK Steel Holding Corporation by 35.0% in the second quarter. Alps Advisors Inc. now owns 17,639 shares of the basic materials company’s stock valued at $116,000 after buying an additional 4,573 shares in the last quarter. 77.75% of the stock is currently owned by hedge funds and other institutional investors.

AK Steel Holding Corporation (NYSE:AKS) traded down 3.13% on Friday, hitting $5.26. 9,133,360 shares of the company traded hands. The stock has a market cap of $1.66 billion, a PE ratio of 13.77 and a beta of 2.86. AK Steel Holding Corporation has a 12 month low of $3.87 and a 12 month high of $11.39. The stock’s 50-day moving average is $5.92 and its 200 day moving average is $6.74.

AK Steel Holding Corporation Company Profile

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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Earnings History and Estimates for AK Steel Holding Corporation (NYSE:AKS)

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