Wall Street analysts expect AK Steel Holding Corporation (NYSE:AKS) to announce earnings of $0.13 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for AK Steel Holding Corporation’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.16. AK Steel Holding Corporation reported earnings per share of $0.08 during the same quarter last year, which would suggest a positive year-over-year growth rate of 62.5%. The company is expected to issue its next earnings results before the market opens on Tuesday, July 25th.

According to Zacks, analysts expect that AK Steel Holding Corporation will report full-year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.37 to $0.92. For the next financial year, analysts expect that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.55 to $1.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover AK Steel Holding Corporation.

AK Steel Holding Corporation (NYSE:AKS) last posted its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.49 billion. AK Steel Holding Corporation had a negative return on equity of 235.11% and a net margin of 1.16%. AK Steel Holding Corporation’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS.

AKS has been the subject of a number of research analyst reports. Macquarie upgraded AK Steel Holding Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the company from $7.30 to $8.10 in a research note on Monday, April 24th. Zacks Investment Research upgraded AK Steel Holding Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Jefferies Group LLC restated a “buy” rating and issued a $9.00 price objective on shares of AK Steel Holding Corporation in a research note on Wednesday, June 28th. Cowen and Company dropped their target price on AK Steel Holding Corporation from $9.00 to $7.00 and set a “market perform” rating on the stock in a report on Thursday, April 27th. Finally, TheStreet raised AK Steel Holding Corporation from a “d+” rating to a “c” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $8.32.

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Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in AK Steel Holding Corporation by 52,055.2% in the first quarter. BlackRock Inc. now owns 39,293,178 shares of the basic materials company’s stock worth $282,518,000 after buying an additional 39,217,839 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in AK Steel Holding Corporation by 25.6% in the first quarter. TIAA CREF Investment Management LLC now owns 16,463,348 shares of the basic materials company’s stock worth $118,371,000 after buying an additional 3,357,464 shares in the last quarter. Teachers Advisors LLC boosted its stake in AK Steel Holding Corporation by 63.5% in the first quarter. Teachers Advisors LLC now owns 8,114,044 shares of the basic materials company’s stock worth $58,340,000 after buying an additional 3,150,282 shares in the last quarter. Norges Bank purchased a new stake in AK Steel Holding Corporation during the fourth quarter worth $30,527,000. Finally, Dimensional Fund Advisors LP boosted its stake in AK Steel Holding Corporation by 82.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,389,630 shares of the basic materials company’s stock worth $38,751,000 after buying an additional 2,436,564 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Shares of AK Steel Holding Corporation (NYSE:AKS) opened at 6.03 on Tuesday. The company has a 50-day moving average price of $6.32 and a 200 day moving average price of $7.21. The company has a market capitalization of $1.90 billion, a P/E ratio of 23.37 and a beta of 2.88. AK Steel Holding Corporation has a 12-month low of $3.87 and a 12-month high of $11.39.

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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