Steel Dynamics, Inc. (STLD) Trend of Beating EPS and Revenue Estimates
- Author: Darren Santiago May 13, 2017,
May 13, 2017, 0:56
AKS's profit will be $45.21M for 9.40 P/E if the $0.15 EPS becomes a reality.
The Company has 324.64 million shares outstanding and 310.11 million shares were floated in market. Its quick ratio for most recent quarter is 1.60 along with current ratio for most recent quarter of 1.90. Total debt to equity ratio of the company for most recent quarter is 1.40 whereas long term debt to equity ratio for most recent quarter is 1.27. Concert Wealth Management Inc. now owns 16,600 shares of the basic materials company's stock worth $167,000 after buying an additional 1,800 shares in the last quarter.
On 4/26/2016 United States Steel announced a quarterly dividend of $0.05 with an ex dividend date of 5/9/2016 which will be payable on 6/10/2016. Kcg owns 0.04% invested in AK Steel Holding Corporation (NYSE:AKS) for 171,238 shares.
13 analysts on average are expecting AK Steel Holding Corporation to report earnings of $0.13 per share for the current quarter. Geode Capital Management LLC increased its stake in United States Steel by 10.1% in the first quarter. They could continue to retain the profits within the company, or they could pay out the profits to the owners of the firm in the form of dividends.
AK Steel Holding Co. has a one year low of $3.31 and a one year high of $11.39.
This recommendation lands on a scale between 1 and 5. Given that its average daily volume over the 30 days has been 0.96 million shares a day, this signifies a pretty significant change over the norm. Odey Asset Management Limited stated it has 0.27% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Shares are trading 7.06% above their 50-day moving average, and 37.10% below their 200-day moving average. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures. Investors purchased 810 put options on the company. AK Steel Holding Corporation (NYSE:AKS) has risen 23.49% since October 5, 2016 and is uptrending. The stock rose 1.17% or $0.07 reaching $6.05. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.91 billion. Presently, it has a Return on Equity (ROE) of -12.50% and Return on Investment (ROI) of -4.00%. Moreover, First Allied Advisory has 0.01% invested in AK Steel Holding Corporation (NYSE:AKS) for 20,245 shares.
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United States Steel Corporation (NYSE:X) price is pointing towards neither exit nor entry barriers, according to a technical analysis tool called the Relative Strength Index (RSI).
AKS has been the subject of a number of research reports. The company has a consensus rating of Hold and a consensus target price of $8.05. Credit Suisse Group AG downgraded AK Steel Holding from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from $8.00 to $9.50 in a report on Thursday, January 12th. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 7.835996, and a current Price to Earnings ratio of -13.405150.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -25.23%, and has a poor year to date (YTD) performance of -36.23% which means the stock is constantly subtracting to its value from the previous fiscal year end price.
AK Steel Holding Corporation (AKS) closed its previous trading session at $5.98 with the gain of 1.87%. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company's stock. The stock of AK Steel Holding Corporation (NYSE:AKS) earned "Neutral" rating by Citigroup on Wednesday, April 19.
AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Firm also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.