Metallus (NYSE:MTUS) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Metallus (NYSE:MTUS) posted its quarterly earnings data on Monday. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02, Zacks reports. Metallus had a return on equity of 2.96% and a net margin of 0.24%.

Metallus Stock Performance

MTUS stock traded up $0.36 during trading on Monday, reaching $20.48. 299,192 shares of the company were exchanged, compared to its average volume of 389,613. The company has a market cap of $852.71 million, a P/E ratio of 292.67, a PEG ratio of 1.59 and a beta of 1.36. Metallus has a 52-week low of $14.19 and a 52-week high of $21.74. The stock’s 50 day moving average price is $19.58 and its 200 day moving average price is $18.71.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MTUS shares. Zacks Research upgraded Metallus from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Metallus currently has an average rating of “Hold”.

Institutional Investors Weigh In On Metallus

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Metallus in the 3rd quarter worth approximately $33,000. iSAM Funds UK Ltd acquired a new position in Metallus during the third quarter worth $53,000. Quantbot Technologies LP acquired a new position in Metallus during the second quarter worth $110,000. State of Wyoming grew its holdings in Metallus by 1,215.5% in the fourth quarter. State of Wyoming now owns 8,998 shares of the company’s stock valued at $154,000 after purchasing an additional 8,314 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Metallus by 138.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock worth $149,000 after buying an additional 5,246 shares in the last quarter. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Metallus Company Profile

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.