Metallus (NYSE:MTUS) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• Metallus beat quarterly EPS estimates, reporting $0.35 per share versus the $0.30 consensus estimate. Revenue was $337.2 million, below analyst expectations of $345.15 million.
• Shares rose 1.1% to $21.34 following the results. The stock trades near its 52-week high of $22.58 and has a market capitalization of approximately $884.8 million.
• Analyst sentiment is mixed but leans positive, with one Strong Buy and two Hold ratings producing a “Moderate Buy” consensus. An executive vice president recently sold 5,000 shares worth $105,600.

Metallus (NYSE:MTUS - Get Free Report) announced its earnings results on Monday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05, FiscalAI reports. The company had revenue of $337.20 million for the quarter, compared to analyst estimates of $345.15 million. Metallus had a return on equity of 3.35% and a net margin of 0.66%.

Metallus Stock Up 1.1%

MTUS traded up $0.23 during trading on Monday, reaching $21.34. The company's stock had a trading volume of 350,873 shares, compared to its average volume of 372,751. The company has a market cap of $884.75 million, a price-to-earnings ratio of 112.35, a PEG ratio of 1.72 and a beta of 1.36. The firm has a fifty day simple moving average of $19.79 and a two-hundred day simple moving average of $19.16. Metallus has a 1 year low of $14.19 and a 1 year high of $22.58.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Metallus in a report on Friday, September 4th. KeyCorp restated a "sector weight" rating on shares of Metallus in a research report on Wednesday, August 5th. Finally, Zacks Research raised shares of Metallus from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Metallus currently has an average rating of "Moderate Buy".

Insider Activity

In related news, EVP Kristine Syrvalin sold 5,000 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $21.12, for a total value of $105,600.00. Following the completion of the sale, the executive vice president owned 101,078 shares of the company's stock, valued at approximately $2,134,767.36. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by company insiders.

About Metallus

Metallus, Inc is a specialty metals manufacturer based in Canton, Ohio. The company produces alloy steel and other engineered materials for applications that require strength, durability, and precision. Its products are used in demanding industrial and transportation applications.

The company's offerings include special bar quality steel, seamless mechanical tubing, and precision-engineered steel components. Metallus serves customers in markets such as automotive, aerospace and defense, energy, industrial equipment, and other manufacturing sectors.

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