AK Steel Holding Co. (AKS) Expected to Earn Q2 2018 Earnings of $0.29 Per Share
AK Steel Holding Co. (NYSE:AKS) – Jefferies Group issued their Q2 2018 earnings estimates for AK Steel in a report released on Tuesday. Jefferies Group analyst S. Rosenfeld anticipates that the basic materials company will post earnings per share of $0.29 for the quarter. Jefferies Group currently has a “Hold” rating and a $6.00 price objective on the stock. Jefferies Group also issued estimates for AK Steel’s FY2019 earnings at $0.57 EPS.
AK Steel (NYSE:AKS) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. AK Steel had a return on equity of 70.67% and a net margin of 0.16%.
AK Steel (NYSE:AKS) opened at $4.76 on Thursday. The stock has a market cap of $1,574.42, a price-to-earnings ratio of 238.12, a price-to-earnings-growth ratio of 1.88 and a beta of 2.88. AK Steel has a fifty-two week low of $4.00 and a fifty-two week high of $9.19. The company has a quick ratio of 0.75, a current ratio of 1.83 and a debt-to-equity ratio of 15.72.
Large investors have recently added to or reduced their stakes in the company. Archford Capital Strategies LLC increased its stake in shares of AK Steel 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 acquiring an additional 14,205 shares during the period. Riverhead Capital Management LLC increased its stake in shares of AK Steel by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 7,516 shares during the period. Crow Point Partners LLC acquired a new stake in shares of AK Steel in the fourth quarter worth $110,000. MML Investors Services LLC acquired a new stake in shares of AK Steel in the second quarter worth $141,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of AK Steel by 0.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 65.39% of the company’s stock.
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AK Steel 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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