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

Key Points

• EPS beat: Metallus reported Q earnings of $0.18 per share versus $0.13 expected, beating estimates by $0.05, while posting a 2.30% return on equity but a slight negative net margin (-0.10%).
• Shares fell to $18.65 on Monday with 305,072 traded; the company has a $778.1M market cap, a 52-week range of $11.00–$21.73, and a negative PE ratio (-621.36), reflecting limited/negative trailing earnings.
• Analysts' consensus is a Hold with a $24 target (1 Buy, 3 Hold, 1 Sell), and insider activity included COO Kristopher Westbrooks selling 2,951 shares; institutional investors own about 77.6% of the stock.

Metallus (NYSE:MTUS - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05, Zacks reports. Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%.

Metallus Stock Performance

MTUS traded down $0.49 during trading on Monday, reaching $18.65. 305,072 shares of the company's stock were exchanged, compared to its average volume of 408,494. The company's fifty day moving average price is $16.99 and its 200-day moving average price is $17.85. Metallus has a fifty-two week low of $11.00 and a fifty-two week high of $21.73. The firm has a market capitalization of $778.14 million, a PE ratio of -621.36, a P/E/G ratio of 1.34 and a beta of 1.35.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTUS. Weiss Ratings reissued a "sell (d)" rating on shares of Metallus in a research note on Tuesday, April 21st. Zacks Research raised Metallus from a "strong sell" rating to a "hold" rating in a research note on Monday, April 27th. Wall Street Zen cut Metallus from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Finally, KeyCorp started coverage on Metallus in a research report on Wednesday, March 25th. They issued a "sector weight" rating for the company. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $24.00.

Insider Buying and Selling at Metallus

In other news, COO Kristopher R. Westbrooks sold 2,951 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $21.03, for a total value of $62,059.53. Following the transaction, the chief operating officer owned 189,076 shares of the company's stock, valued at $3,976,268.28. This represents a 1.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Metallus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTUS. OpenArc Corporate Advisory LLC bought a new position in Metallus during the fourth quarter worth about $7,026,000. Ameriprise Financial Inc. increased its stake in shares of Metallus by 51.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company's stock valued at $10,099,000 after acquiring an additional 221,828 shares during the last quarter. Invesco Ltd. increased its stake in shares of Metallus by 71.7% in the 4th quarter. Invesco Ltd. now owns 496,150 shares of the company's stock valued at $8,514,000 after acquiring an additional 207,227 shares during the last quarter. Manatuck Hill Partners LLC acquired a new stake in shares of Metallus in the 2nd quarter valued at approximately $2,312,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Metallus by 17.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 881,941 shares of the company's stock valued at $15,134,000 after acquiring an additional 130,752 shares during the period. Institutional investors own 77.58% of the company's stock.

About Metallus

Metallus, Inc NYSE: MTUS is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.

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