Equities analysts expect that AK Steel Holding Corporation (NYSE:AKS) will post $1.51 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for AK Steel Holding Corporation’s earnings, with the lowest sales estimate coming in at $1.50 billion and the highest estimate coming in at $1.52 billion. AK Steel Holding Corporation posted sales of $1.45 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The company is scheduled to announce its next quarterly earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that AK Steel Holding Corporation will report full-year sales of $1.51 billion for the current year, with estimates ranging from $6.05 billion to $6.14 billion. For the next year, analysts anticipate that the firm will post sales of $6.30 billion per share, with estimates ranging from $6.06 billion to $6.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover AK Steel Holding Corporation.

AK Steel Holding Corporation (NYSE:AKS) last released its earnings results on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.08 EPS. AK Steel Holding Corporation’s revenue for the quarter was up 4.4% on a year-over-year basis.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of AK Steel Holding Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Jefferies Group LLC reiterated a “buy” rating and set a $9.00 target price on shares of AK Steel Holding Corporation in a research report on Wednesday, June 28th. Deutsche Bank AG upgraded shares of AK Steel Holding Corporation from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, June 23rd. Longbow Research lowered shares of AK Steel Holding Corporation from a “buy” rating to a “neutral” rating and raised their price objective for the company from $6.20 to $6.24 in a research report on Thursday, July 27th. Finally, ValuEngine lowered shares of AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $8.47.

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Large investors have recently made changes to their positions in the stock. Archford Capital Strategies LLC increased its stake in shares of AK Steel Holding Corporation by 12,352.2% in the second quarter. Archford Capital Strategies LLC now owns 14,320 shares of the basic materials company’s stock worth $1,909,000 after buying an additional 14,205 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of AK Steel Holding Corporation by 139.2% in the second quarter. Dynamic Technology Lab Private Ltd now owns 155,698 shares of the basic materials company’s stock worth $1,024,000 after buying an additional 90,618 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of AK Steel Holding Corporation by 2.7% in the second quarter. Public Employees Retirement System of Ohio now owns 61,271 shares of the basic materials company’s stock worth $403,000 after buying an additional 1,605 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new stake in shares of AK Steel Holding Corporation during the second quarter worth $9,855,000. Finally, Piedmont Investment Advisors LLC increased its stake in shares of AK Steel Holding Corporation by 261.5% in the second quarter. Piedmont Investment Advisors LLC now owns 68,064 shares of the basic materials company’s stock worth $447,000 after buying an additional 49,236 shares in the last quarter. 72.86% of the stock is currently owned by institutional investors and hedge funds.

AK Steel Holding Corporation (NYSE AKS) opened at 5.60 on Friday. The company’s 50-day moving average price is $5.69 and its 200 day moving average price is $6.54. The firm has a market capitalization of $1.76 billion, a PE ratio of 14.66 and a beta of 2.86. AK Steel Holding Corporation has a 1-year low of $3.87 and a 1-year 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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