AK Steel Holding Corp (NYSE:AKS) now has a trailing P/E of 23.37 while its forward P/E according to Thomson Reuters is 8.38. AK Steel Holding Corporation posted earnings per share of $0.08 in the same quarter last year, which suggests a positive year over year growth rate of 62.5%. The company is expected to issue its next earnings results before the market opens on Tuesday, July 25th.
After a recent spot-check, AK Steel Holding Corporation (NYSE:AKS)'s ATR is 0.30. Analysts were expecting the company to report revenue of $1.55 billion in the second quarter of 2017. This rebound was ignored by mainstream analysts, which were way off with their predictions for AK Steel second-quarter earnings.
By having an overview of the Income statement for AK Steel Holding Corp (NYSE:AKS) the Revenue for the trailing twelve months is 5.9 Billion.
According to Balance Sheet of AKS, Total cash on most recent quarter is 185.7 Million.
The stock has Return on Assets (ROA) of 1.7 percent.
Analysts are also projecting an Average Revenue Estimate for AK Steel Holding Corporation as $1.55 Million in the Current Quarter. During the same quarter in the previous year, the firm earned ($0.08) EPS.
Second-quarter shipments declined 6% to 1,465,200 tons compared to a year ago, primarily as a result of a decrease in automotive demand.
Several equities analysts have recently weighed in on AKS shares. Analysts set a 12-month price target of $6.46 a share.
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AKS has been the subject of a number of research analyst reports. Finally, TheStreet upgraded shares of AK Steel Holding Corporation from a "d+" rating to a "c" rating in a research report on Tuesday, April 25th.
The results topped Wall Street expectations. Macquarie upgraded shares of AK Steel Holding Corporation from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $7.30 to $8.10 in a research report on Monday, April 24th.
A number of analysts offered their Estimated Earnings analysis for AK Steel Holding Corporation (AKS) for the current quarter. The share price has moved backward from its 20 days moving average, trading at a distance of -5.94% and stays -1.98% away from its 50 days moving average. The company stock experienced a -2.74% move to arrive at $6.03.
AK Steel Holding Corporation (AKS) lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark laws. Meadow Creek Investment Management LLC now owns 16,016 shares of the basic materials company's stock worth $115,000 after buying an additional 2,044 shares during the period.
The increase in net sales, along with the firm's continued focus on cost management, helped contribute to the 43% increase in adjusted EBITDA to $142.0 million for this quarter.
The counter witnessed a trading volume of 0.8 million shares versus an average volume of 1.06 million shares during last trading session. Last week, it was -7.09%, -15.31% over the last quarter, and -35.09% for the past half-year. Finally, Dimensional Fund Advisors LP boosted its stake in AK Steel Holding Corporation by 82.5% in the first quarter.
Price/Earnings to growth ratio for the company is 0.29 and the stock shows its Price/Sales (ttm) of 0.32.
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