AK Steel (NYSE:AKS) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 25th. Analysts expect AK Steel to post earnings of $0.23 per share for the quarter.
AK Steel (NYSE:AKS) last posted its quarterly earnings results on Monday, July 30th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). AK Steel had a positive return on equity of 33.56% and a negative net margin of 0.44%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company earned $0.19 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts expect AK Steel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE:AKS opened at $4.81 on Thursday. AK Steel has a 12-month low of $4.00 and a 12-month high of $6.80. The company has a debt-to-equity ratio of 5.49, a current ratio of 2.01 and a quick ratio of 0.76. The stock has a market capitalization of $1.55 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.35 and a beta of 2.82.
In other news, CEO Roger K. Newport acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was bought at an average price of $4.03 per share, with a total value of $40,300.00. Following the completion of the acquisition, the chief executive officer now owns 451,297 shares in the company, valued at approximately $1,818,726.91. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.13% of the company’s stock.
About AK Steel
AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.
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