AK Steel Holding Corporation (NYSE:AKS) – Equities researchers at KeyCorp lifted their FY2017 earnings per share estimates for shares of AK Steel Holding Corporation in a research report issued on Wednesday. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings per share of $0.38 for the year, up from their previous estimate of $0.37.

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

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Other research analysts have also recently issued reports about the stock. Deutsche Bank AG reissued a “buy” rating and issued a $10.00 price objective on shares of AK Steel Holding Corporation in a research note on Thursday, July 6th. Jefferies Group LLC reissued 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. Longbow Research raised shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Clarkson Capital raised shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Thursday, May 25th. Finally, ValuEngine cut shares of AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $8.31.

Shares of AK Steel Holding Corporation (NYSE AKS) traded up 0.38% during trading on Monday, reaching $5.22. The company had a trading volume of 1,916,620 shares. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 13.66 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 firm has a 50 day moving average price of $5.84 and a 200 day moving average price of $6.68.

Several hedge funds have recently modified their holdings of AKS. Stifel Financial Corp acquired a new stake in shares of AK Steel Holding Corporation during the first quarter valued at $110,000. Meadow Creek Investment Management LLC boosted its stake in shares of 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. Alps Advisors Inc. boosted its stake in shares of 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. Riverhead Capital Management LLC boosted its stake in shares of 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, Wedbush Securities Inc. acquired a new stake in shares of AK Steel Holding Corporation during the first quarter valued at $128,000. 77.75% of the stock is currently owned by institutional investors.

About AK Steel Holding Corporation

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.

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

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