$0.04 EPS Expected for AK Steel Holding Corporation (AKS)

October 9, 2017 - By Ellis Scott

 $0.04 EPS Expected for AK Steel Holding Corporation (AKS)
Investors sentiment increased to 1.32 in Q2 2017. Its up 0.35, from 0.97 in 2017Q1. It improved, as 46 investors sold AK Steel Holding Corporation shares while 57 reduced holdings. 45 funds opened positions while 91 raised stakes. 224.47 million shares or 4.37% less from 234.74 million shares in 2017Q1 were reported.
Van Eck Associate reported 584,504 shares. Tci Wealth Advsr owns 268 shares. 106,889 were accumulated by Aperio Grp Limited Liability Corporation. Indexiq Limited Company accumulated 65,840 shares or 0.02% of the stock. Archford Capital Strategies Limited Company holds 1% or 14,320 shares in its portfolio. Texas-based Carlson Cap Limited Partnership has invested 0.03% in AK Steel Holding Corporation (NYSE:AKS). Hanson Mcclain stated it has 14 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Systems holds 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 156,436 shares. Saba Capital Mgmt Lp holds 0.52% in AK Steel Holding Corporation (NYSE:AKS) or 867,390 shares. Jefferies Gru Limited Liability Company invested in 145,480 shares. Css Ltd Liability Co Il has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Massmutual Company Fsb Adv accumulated 50 shares. 145 were reported by Parkside Retail Bank And Trust. 10,000 were reported by Nj State Employees Deferred Compensation Plan. Shikiar Asset Mgmt, New York-based fund reported 62,500 shares.

Investors wait AK Steel Holding Corporation (NYSE:AKS) to report on October, 24. its quarterly earnings Wall Street analysts expect $0.04 EPS, down $0.17 or 80.95 % from last year’s $0.21 same quarter earnings. This translates into $12.62 million profit for AKS giving the stock a 34.88 P/E. This is assuming the current $0.04 EPS is accurate. AK Steel Holding Corporation’s Wall Street analysts see -78.95 % negative EPS growth, taking into account the $0.19 EPS reproted in the previous quarter, The stock decreased 1.59% or $0.09 on October 6, reaching $5.58. About 7.57M shares traded. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since October 9, 2016 and is uptrending. It has outperformed by 41.42% the S&P500.

AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage

Among 18 analysts covering AK Steel Holding Corporation (NYSE:AKS), 6 have Buy rating, 1 Sell and 11 Hold. Therefore 33% are positive. AK Steel Holding Corporation had 64 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Clarkson Capital on Friday, May 26 to “Buy”. On Wednesday, July 29 the stock rating was upgraded by Macquarie Research to “Outperform”. Bank of America downgraded the shares of AKS in report on Monday, October 26 to “Underperform” rating. On Tuesday, June 27 the stock rating was maintained by BMO Capital Markets with “Hold”. BMO Capital Markets maintained AK Steel Holding Corporation (NYSE:AKS) on Friday, July 28 with “Hold” rating. The company was maintained on Thursday, September 15 by Jefferies. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, August 29 report. The rating was maintained by Cowen & Co on Thursday, October 29 with “Market Perform”. BB&T Capital initiated AK Steel Holding Corporation (NYSE:AKS) on Thursday, September 10 with “Hold” rating. The firm has “Buy” rating by Jefferies given on Monday, May 1.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation . The company has market cap of $1.76 billion. The Firm also operates blast furnaces and electric arc furnaces. It has a 14.65 P/E ratio. As of December 31, 2016, its activities 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.

More recent AK Steel Holding Corporation (NYSE:AKS) news were published by: Seekingalpha.com which released: “AK Steel Could Be A Steal” on September 15, 2017. Also Zacks.com published the news titled: “Is the Options Market Predicting a Spike in AK Steel Holding (AKS) Stock …” on September 21, 2017. Nasdaq.com‘s news article titled: “AK Steel (AKS) Reaches New Labor Deal at Rockport Works” with publication date: October 03, 2017 was also an interesting one.

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