Equities analysts expect AK Steel Holding Corporation (NYSE:AKS) to announce sales of $1.51 billion for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for AK Steel Holding Corporation’s earnings. The highest sales estimate is $1.52 billion and the lowest is $1.50 billion. AK Steel Holding Corporation reported sales of $1.45 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The company is scheduled to announce its next quarterly earnings results 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 fiscal year, with estimates ranging from $6.04 billion to $6.14 billion. For the next financial year, analysts forecast that the business will post sales of $6.27 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 research analysts that follow 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 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 business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year.

A number of research analysts recently issued reports on AKS shares. Deutsche Bank AG restated a “buy” rating and set a $10.00 price objective on shares of AK Steel Holding Corporation in a research report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $9.00 price objective on shares of AK Steel Holding Corporation in a research report on Wednesday, June 28th. Longbow Research upgraded AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Clarkson Capital upgraded AK Steel Holding Corporation from a “neutral” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Thursday, May 25th. Finally, ValuEngine lowered AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $8.46.

AK Steel Holding Corporation (NYSE AKS) traded up 0.71% during midday trading on Wednesday, hitting $5.65. The stock had a trading volume of 6,999,213 shares. The stock has a 50-day moving average price of $5.49 and a 200 day moving average price of $6.27. AK Steel Holding Corporation has a one year low of $4.38 and a one year high of $11.39. The firm has a market cap of $1.78 billion, a PE ratio of 14.79 and a beta of 2.87.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Benefit Street Partners LLC bought a new stake in shares of AK Steel Holding Corporation in the 2nd quarter worth $4,008,000. Archford Capital Strategies LLC raised its stake in shares of AK Steel Holding Corporation by 12,352.2% in the 2nd 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 raised its stake in shares of AK Steel Holding Corporation by 139.2% in the 2nd 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 raised its stake in shares of AK Steel Holding Corporation by 2.7% in the 2nd 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. Finally, BW Gestao de Investimentos Ltda. bought a new stake in shares of AK Steel Holding Corporation in the 2nd quarter worth $9,855,000. 72.86% of the stock is currently owned by institutional investors.

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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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