AK Steel (AKS)

[oldberkeley]

AK Steel Holding (AKS) to Release Quarterly Earnings on Tuesday

http://www.tickerreport.com/banking-finance/659775/ak-steel-holding-aks-to-release-quarterly-earnings-on-tuesday/


Ticker Report
Joseph Griffin
Jul 26th, 2015

AK Steel Holding (NYSE:AKS) is set to issue its Q215 quarterly earnings data on Tuesday, July 28th. Analysts expect the company to announce earnings of ($0.27) per share and revenue of $1.72 billion for the quarter.

AK Steel Holding (NYSE:AKS) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.28) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.24) by $0.04. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company posted ($0.40) earnings per share. AK Steel Holding’s revenue was up 26.6% compared to the same quarter last year. On average, analysts expect AK Steel Holding to post $-0.96 EPS for the current fiscal year and $0.13 EPS for the next fiscal year.

Shares of AK Steel Holding (NYSE:AKS) opened at 2.53 on Friday. AK Steel Holding has a 52 week low of $2.46 and a 52 week high of $11.37. The stock has a 50-day moving average of $3.88 and a 200-day moving average of $4.45. The company’s market cap is $449.85 million.

A number of analysts have recently weighed in on AKS shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of AK Steel Holding in a research note on Thursday. Analysts at Vetr upgraded shares of AK Steel Holding from a “buy” rating to a “strong-buy” rating and set a $6.08 price target on the stock in a research note on Thursday, July 2nd. Analysts at Macquarie reiterated a “neutral” rating and set a $4.00 price target (down previously from $5.00) on shares of AK Steel Holding in a research note on Thursday, July 2nd. Analysts at Zacks upgraded shares of AK Steel Holding from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, analysts at Jefferies Group reiterated a “hold” rating and set a $5.00 price target (up previously from $3.75) on shares of AK Steel Holding in a research note on Monday, May 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.17.

AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly owned subsidiary, AK Steel Corporation. Its operations consist of 10 steelmaking and finishing plants and tubular production facilities located in Indiana, Kentucky, Ohio and Pennsylvania. It also owns and operates a cokemaking facility in West Virginia. The Company’s operations produce flat-rolled value-added carbon steels, including coated, cold-rolled and hot-rolled carbon steel products, and specialty stainless and electrical steels. It also produces carbon and stainless steel that is finished into welded steel tubing. Its operations also include European trading companies that buy and sell steel and steel products and other materials, AK Coal Resources, Inc., which produces metallurgical coal from reserves in Pennsylvania, and a 49.9% equity interest in Magnetation LLC, a joint venture that produces iron ore concentrate.