Published: Sun, August 13, 2017
Global News | By Stacy Ballard

AK Steel Holding Corporation (NYSE:AKS) EPS Analysis


Trading was heavy with 15,154K shares changing hands on Friday. State of New Jersey Common Pension Fund D purchased a new stake in shares of United States Steel Corporation during the second quarter worth $37,749,000. Wedbush Securities Inc. purchased a new position in shares of AK Steel Holding Corporation during the first quarter worth about $128,000.

Dimensional Fund Advisors Lp isn't the only one who has changed their investment in TMST. As of quarter end Parametric Portfolio Associates LLC had disposed of a total of 28,959 shares trimming its stake by 12.4%. BlackRock Inc. now owns 14,279,755 shares of the basic materials company's stock valued at $482,799,000 after buying an additional 14,161,952 shares during the period. The institutional investor owned 598,670 shares of the basic materials company's stock after buying an additional 62,070 shares during the period. Arizona State Retirement System increased its stake in United States Steel Corporation by 0.9% in the first quarter. Hodges Capital Management Inc. now owns 1,588,774 shares of the basic materials company's stock worth $35,175,000 after buying an additional 978,199 shares in the last quarter. United States Steel Corporation's quarterly revenue was up 21.7% compared to the same quarter previous year. The company's shares were assimilated at $3.12 per share worth to an investment of some $15,600 on account of Newport Roger K.

Several analysts have released their opinion on AK Steel Holding Corporation (NYSE:AKS), with 5 analysts believing it is a strong buy. The company's stock had a trading volume of 10,807,188 shares. The company has a 50 day moving average price of $23.18 and a 200-day moving average price of $27.83.

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The company is now down from yesterday's close of $5.37. United States Steel Corporation has a 12 month low of $15.72 and a 12 month high of $41.83. Lastly, Research firm Zacks lifted Timken Steel Corporation from a "hold" recommendation to a "buy" recommendation and fixed a $17.00 price objective on the shares in a study note published on Fri, Aug 4th. The analysts estimated EPS for the higher end at 0.1 and lower end at 0.01 while the year ago reported earnings per share was 0.17. The business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $2.98 billion. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The company's quarterly revenue was up 21.7% on a year-over-year basis. However the company reported $0.21 earnings per share for the same quarter during past year. Analysts expect next quarter's EPS will be $-0.31 and the next full year EPS is projected to be $0.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.86%. Citigroup initiated AK Steel Holding Corporation (NYSE:AKS) on Monday, August 22 with "Neutral" rating. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in United States Steel Corporation by 21.4% in the first quarter.

Goldman Sachs Group Inc bolstered its stake by buying 5,269,717 shares an increase of 29,203.2% in the quarter. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and worldwide copyright and trademark law. LLC boosted its position in United States Steel Corporation by 221.0% in the second quarter. The stock of AK Steel Holding Corporation (NYSE:AKS) earned "Hold" rating by Jefferies on Wednesday, January 13.

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Currently AK Steel Holding Corp (NYSE:AKS)'s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 79.9%. 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 note on Thursday, May 25th.

On August 3 Barclays maintained a company rating of "Equal-Weight" and lowered the price target from $9.00 to $7.00. The company presently has an average rating of Hold and an average target price of $8.06. Morgan Stanley upgraded the stock to "Overweight" rating in Monday, November 14 report. The total value of its holdings decreased 35.5%. Also, Director Paul Anthony Mascarenas purchased 1,500 shares of the stock in a transaction on Thursday, May 18th. In a transaction dated Jul. 30, 2015, the shares were bought at an average price of $3.35, giving away a sum of $7,370. Morgan Stanley now owns 71,345 shares valued at $513,000. The disclosure for this purchase can be found here. The Company's divisions include Gabon, Angola, Equatorial Guinea, the United States, and Corporate and other, which includes corporate and activities support.

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