AK Steel Holding Company Profile (NYSE:AKS)

About AK Steel Holding (NYSE:AKS)

AK Steel Holding logoAK 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 Company 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. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. It also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Steel & Iron
  • Sub-Industry: Steel
  • Symbol: NYSE:AKS
  • CUSIP: 00154710
  • Web: www.aksteel.com
Capitalization:
  • Market Cap: $1.84 billion
  • Outstanding Shares: 314,825,000
Average Prices:
  • 50 Day Moving Avg: $6.27
  • 200 Day Moving Avg: $8.18
  • 52 Week Range: $3.61 - $11.39
P/E:
  • Trailing P/E Ratio: 22.67
  • Foreward P/E Ratio: 7.91
  • P/E Growth: 0.26
Sales & Book Value:
  • Annual Revenue: $5.9 billion
  • Price / Sales: 0.31
  • Book Value: ($0.73) per share
  • Price / Book: -8.01
Profitability:
  • EBIDTA: $670.6 million
  • Net Margins: -0.13%
  • Return on Equity: -47.34%
  • Return on Assets: 3.27%
Debt:
  • Debt-to-Equity Ratio: 20.03%
  • Current Ratio: 2.11%
  • Quick Ratio: 0.82%
Misc:
  • Average Volume: 17.93 million shs.
  • Beta: 2.6
  • Short Ratio: 2.77
 

Frequently Asked Questions for AK Steel Holding (NYSE:AKS)

What is AK Steel Holding's stock symbol?

AK Steel Holding trades on the New York Stock Exchange (NYSE) under the ticker symbol "AKS."

How were AK Steel Holding's earnings last quarter?

AK Steel Holding Co. (NYSE:AKS) issued its quarterly earnings data on Tuesday, April, 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.04. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.49 billion. AK Steel Holding had a negative net margin of 0.13% and a negative return on equity of 47.34%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) EPS. View AK Steel Holding's Earnings History.

When will AK Steel Holding make its next earnings announcement?

AK Steel Holding is scheduled to release their next quarterly earnings announcement on Monday, July, 24th 2017. View Earnings Estimates for AK Steel Holding.

Where is AK Steel Holding's stock going? Where will AK Steel Holding's stock price be in 2017?

13 equities research analysts have issued 12 month target prices for AK Steel Holding's shares. Their forecasts range from $4.00 to $11.00. On average, they anticipate AK Steel Holding's stock price to reach $7.72 in the next twelve months. View Analyst Ratings for AK Steel Holding.

What are analysts saying about AK Steel Holding stock?

Here are some recent quotes from research analysts about AK Steel Holding stock:

  • 1. According to Zacks Investment Research, "Estimates for AK Steel have been going down of late. AK Steel underperformed the Zacks categorized 'Steel-Producers' industry over the last three months. The company continues to face a challenging macroeconomic environment and weakness in the electrical steel market. It is also exposed to a volatile raw material pricing environment. Moreover, the company is witnessing volatility in steel pricing. The U.S. steel industry is also not out of the woods yet." (3/21/2017)
  • 2. Citigroup Inc analysts commented, "We believe that in addition to lower iron ore input costs and the acquisition of Dearborn Works, the changes that the company has made in its contract mix and operating footprint should help their competitive position and forecast AKS returning to positive FCF over the next several years," Hacking wrote in a note. In 2015, the company was able to achieve a breakeven cash flow result. In the first half of 2016, AK Steel generated FCF (ex-working capital) of $60 million. The next target will be to reach a position where they are earning their cost of capital."While we forecast a significant improvement in ROIC to ~8 percent over the next several years we believe this is still below their WACC which we estimate is closer to 10 percent," Hacking wrote in a note.Related Link: Steel Dynamics Has Over 33% Upside, According To CitiHacking highlighted it might be more difficult for AK Steel to compete with other producers, especially on spot sales of commodity grade products, as its rivals have cost advantages in the form of different production processes, lower labor costs and captive low cost raw materials.In addition, the company remains highly levered with $2.0 billion in outstanding debt and $1.2 billion in pension and OPEB obligations versus Citi estimate of 2016 EBITDA of $511 million for a net leverage ratio of 6x."This high debt load poses a risk to AKS if economic and industry conditions deteriorate and could limit the ability of AKS to obtain additional financing," (8/22/2016)

Are investors shorting AK Steel Holding?

AK Steel Holding saw a drop in short interest in the month of May. As of May 15th, there was short interest totalling 49,724,179 shares, a drop of 8.3% from the April 28th total of 54,207,646 shares. Based on an average daily trading volume, of 13,967,987 shares, the days-to-cover ratio is presently 3.6 days. Approximately 16.1% of the shares of the stock are sold short.

Who are some of AK Steel Holding's key competitors?

Who owns AK Steel Holding stock?

AK Steel Holding's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (0.00%), Vanguard Group Inc. (0.00%), TIAA CREF Investment Management LLC (0.00%), State Street Corp (4.05%), Teachers Advisors LLC (0.00%) and Victory Capital Management Inc. (0.00%). Company insiders that own AK Steel Holding stock include Roger K Newport and Vicente Wright. View Institutional Ownership Trends for AK Steel Holding.

Who sold AK Steel Holding stock? Who is selling AK Steel Holding stock?

AK Steel Holding's stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Rothschild Asset Management Inc., Jane Street Group LLC, JPMorgan Chase & Co., OppenheimerFunds Inc., Point72 Asset Management L.P., Teacher Retirement System of Texas and FMR LLC. View Insider Buying and Selling for AK Steel Holding.

Who bought AK Steel Holding stock? Who is buying AK Steel Holding stock?

AK Steel Holding's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., TIAA CREF Investment Management LLC, Teachers Advisors LLC, Dimensional Fund Advisors LP, Vanguard Group Inc., State Street Corp, Victory Capital Management Inc. and SG Americas Securities LLC. View Insider Buying and Selling for AK Steel Holding.

How do I buy AK Steel Holding stock?

Shares of AK Steel Holding can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of AK Steel Holding stock cost?

One share of AK Steel Holding stock can currently be purchased for approximately $5.85.

Analyst Ratings

Consensus Ratings for AK Steel Holding (NYSE:AKS) (?)
Ratings Breakdown: 1 Sell Rating, 8 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.23)
Consensus Price Target: $7.72 (31.91% upside)

Analysts' Ratings History for AK Steel Holding (NYSE:AKS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/19/2017Longbow ResearchInitiated CoverageNeutral -> NeutralMediumView Rating Details
5/12/2017Cowen and CompanyReiterated RatingMarket Perform$7.00LowView Rating Details
5/4/2017Barclays PLCLower Price TargetEqual Weight$9.00 -> $8.00MediumView Rating Details
4/28/2017Jefferies Group LLCReiterated RatingBuy$9.00LowView Rating Details
4/24/2017MacquarieUpgradeNeutral -> Outperform$7.30 -> $8.10HighView Rating Details
4/19/2017Citigroup IncUpgradeSell -> Neutral$8.00 -> $7.00MediumView Rating Details
3/22/2017JPMorgan Chase & Co.Reiterated RatingNeutral$8.00 -> $9.00LowView Rating Details
2/13/2017Morgan StanleyDowngradeOverweight -> Equal Weight$8.39 -> $11.00N/AView Rating Details
1/12/2017Credit Suisse Group AGDowngradeOutperform -> Neutral$8.00 -> $9.50N/AView Rating Details
12/5/2016Deutsche Bank AGReiterated RatingHoldN/AView Rating Details
10/26/2016Bank of America CorpUpgradeUnderperform -> Buy$8.00N/AView Rating Details
8/22/2016Rosenblatt SecuritiesInitiated CoverageBuy$6.00N/AView Rating Details
8/19/2016KeyCorpDowngradeSector Weight -> Underweight$5.15 -> $4.00N/AView Rating Details
3/9/2016NomuraBoost Price TargetNeutral$2.50 -> $3.50N/AView Rating Details
9/20/2015BMO Capital MarketsReiterated RatingHoldN/AView Rating Details
9/18/2015Morningstar, Inc.Reiterated RatingBuyN/AView Rating Details
9/9/2015BB&T Co.Initiated CoverageHoldN/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for AK Steel Holding (NYSE:AKS)
Earnings by Quarter for AK Steel Holding (NYSE:AKS)
Earnings History by Quarter for AK Steel Holding (NYSE:AKS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/24/2017        
4/25/2017Q1 2017$0.15$0.19$1.49 billion$1.53 billionViewN/AView Earnings Details
1/24/2017Q4 2016$0.07$0.25$1.42 billion$1.42 billionViewN/AView Earnings Details
10/25/2016Q316$0.13$0.21$1.47 billion$1.45 billionViewListenView Earnings Details
7/26/2016Q216($0.02)$0.08$1.53 billion$1.49 billionViewListenView Earnings Details
4/26/2016Q116($0.11)($0.08)$1.50 billion$1.52 billionViewListenView Earnings Details
1/26/2016Q415$0.01$0.30$1.58 billion$1.54 billionViewListenView Earnings Details
10/27/2015Q315($0.05)$0.04$1.71 billion$1.71 billionViewListenView Earnings Details
7/28/2015Q215($0.39)($0.36)$1.72 billion$1.69 billionViewListenView Earnings Details
4/28/2015Q115($0.24)($0.28)$1.74 billion$1.75 billionViewN/AView Earnings Details
1/27/2015Q414$0.06$0.14$1.98 billion$2.00 billionViewN/AView Earnings Details
11/4/2014Q314$0.09$0.12$1.49 billion$1.59 billionViewN/AView Earnings Details
7/29/2014Q214($0.04)$0.02$1.51 billion$1.53 billionViewN/AView Earnings Details
4/22/2014Q114($0.43)($0.40)$1.40 billion$1.38 billionViewN/AView Earnings Details
1/27/2014Q413($0.12)$0.09$1.40 billion$1.46 billionViewN/AView Earnings Details
10/22/2013Q313($0.12)($0.23)$1.39 billion$1.33 billionViewN/AView Earnings Details
7/23/2013Q2 2013($0.33)($0.30)$1.42 billion$1.41 billionViewN/AView Earnings Details
4/23/2013Q1 2013($0.11)($0.07)$1.39 billion$1.37 billionViewN/AView Earnings Details
1/29/2013Q4 2012($0.36)($0.30)$1.42 billion$1.42 billionViewN/AView Earnings Details
10/23/2012($0.37)($0.25)ViewN/AView Earnings Details
7/24/2012$0.05$0.10ViewN/AView Earnings Details
4/24/2012($0.12)($0.11)ViewN/AView Earnings Details
1/24/2012($0.39)($0.26)ViewN/AView Earnings Details
10/25/2011$0.01$0.02ViewN/AView Earnings Details
7/26/2011$0.49$0.32ViewN/AView Earnings Details
4/26/2011($0.01)$0.08ViewN/AView Earnings Details
1/25/2011($0.63)($0.49)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for AK Steel Holding (NYSE:AKS)
2017 EPS Consensus Estimate: $0.56
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.13$0.21$0.17
Q2 20172$0.09$0.16$0.13
Q3 20171$0.12$0.12$0.12
Q4 20171$0.14$0.14$0.14
(Data provided by Zacks Investment Research)

Dividends

Dividend History for AK Steel Holding (NYSE:AKS)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for AK Steel Holding (NYSE:AKS)
Insider Ownership Percentage: 1.80%
Institutional Ownership Percentage: 62.21%
Insider Trades by Quarter for AK Steel Holding (NYSE:AKS)
Institutional Ownership by Quarter for AK Steel Holding (NYSE:AKS)
Insider Trades by Quarter for AK Steel Holding (NYSE:AKS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/28/2016Vicente WrightDirectorSell27,000$6.70$180,900.00View SEC Filing  
7/31/2015Roger K NewportCFOBuy5,000$3.12$15,600.00View SEC Filing  
2/10/2015James A ThomsonDirectorSell6,500$4.20$27,300.00View SEC Filing  
2/2/2015James L WainscottCEOBuy10,000$3.77$37,700.00View SEC Filing  
2/2/2015Joseph C AlterVPBuy2,000$3.79$7,580.00View SEC Filing  
1/30/2015Roger K NewportCFOBuy5,000$3.80$19,000.00View SEC Filing  
1/29/2015David C HornEVPBuy12,000$3.73$44,760.00View SEC Filing  
1/29/2015Gregory A HoffbauerInsiderBuy3,000$3.82$11,460.00View SEC Filing  
1/29/2015Vicente WrightDirectorBuy10,000$3.80$38,000.00View SEC Filing  
11/14/2014Ralph S Michael IIIDirectorBuy10,000$6.25$62,500.00View SEC Filing  
11/7/2014Robert H JenkinsDirectorBuy25,000$6.31$157,750.00View SEC Filing  
11/7/2014Roger K NewportCFOBuy5,000$6.21$31,050.00View SEC Filing  
11/6/2014David C HornVPBuy20,000$6.04$120,800.00View SEC Filing  
11/6/2014James L WainscottCEOBuy160,000$6.18$988,800.00View SEC Filing  
11/6/2014Richard A AbdooDirectorBuy10,000$6.15$61,500.00View SEC Filing  
8/13/2014Mark G EssigDirectorBuy25,000$9.80$245,000.00View SEC Filing  
12/4/2012Richard A AbdooDirectorBuy12,500$3.95$49,375.00View SEC Filing  
11/28/2012Roger K NewportCFOBuy5,000$3.87$19,350.00View SEC Filing  
11/27/2012James L WainscottCEOBuy100,000$3.85$385,000.00View SEC Filing  
11/26/2012Ralph S Michael IIIDirectorBuy10,000$3.82$38,200.00View SEC Filing  
11/23/2012John S BrinzoDirectorBuy4,000$3.84$15,360.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for AK Steel Holding (NYSE:AKS)
Latest Headlines for AK Steel Holding (NYSE:AKS)
Source:
DateHeadline
benzinga.com logoSection 232 Public Hearing Wednesday Is 'Unlikely To Affect Steel Equities' - Benzinga
www.benzinga.com - May 24 at 8:29 PM
finance.yahoo.com logoAnalysts’ Projections for U.S. Steel Corporation’s 2Q17 Earnings
finance.yahoo.com - May 24 at 3:27 PM
finance.yahoo.com logoCredit Suisse upgrades steel stocks
finance.yahoo.com - May 24 at 3:27 PM
finance.yahoo.com logoU.S. steel executives say security probe could provide broader import relief
finance.yahoo.com - May 24 at 7:36 AM
finance.yahoo.com logoWhat Could Impact AK Steel’s 2017 Steel Shipments?
finance.yahoo.com - May 23 at 3:29 PM
finance.yahoo.com logoWhat to Expect from U.S. Steel Corporation’s Volumes in 2017
finance.yahoo.com - May 23 at 3:29 PM
prnewswire.com logoSteel & Iron Stocks under Review -- United States Steel, AK Steel, ArcelorMittal, and Gerdau
www.prnewswire.com - May 23 at 7:11 AM
finance.yahoo.com logoAK Steel's Coshocton Works Recognized for Outstanding Safety Performance
finance.yahoo.com - May 19 at 3:27 PM
americanbankingnews.com logoAK Steel Holding Target of Unusually High Options Trading (AKS)
www.americanbankingnews.com - May 19 at 1:46 PM
finance.yahoo.com logoFalling Car Sales and Waning Trump Effect Spell Trouble for AKS
finance.yahoo.com - May 19 at 9:38 AM
finance.yahoo.com logoWhy US Steelmakers May Have a Rough Road Ahead
finance.yahoo.com - May 19 at 9:38 AM
americanbankingnews.com logoAK Steel Holding Co. (AKS) Now Covered by Analysts at Longbow Research
www.americanbankingnews.com - May 19 at 7:42 AM
finance.yahoo.com logoAK Steel gets $2M grant to develop steel for hybrid cars
finance.yahoo.com - May 18 at 3:26 PM
seekingalpha.com logoAK Steel: Expect Upside To $7.50 - AK Steel Holding Corp (NYSE ... - Seeking Alpha
seekingalpha.com - May 18 at 12:19 PM
finance.yahoo.com logoAK Steel Gets $1.8M Award from DOE for NOES Development
finance.yahoo.com - May 18 at 12:19 PM
finance.yahoo.com logoAK Steel Receives $1.8 Million Award From the U.S. Department of Energy to Develop Next Generation Electrical Steels for Automotive Hybrid and Electric Vehicles
finance.yahoo.com - May 17 at 3:28 PM
finance.yahoo.com logoSunCoke Energy Partners, L.P. -- Moody's upgrades SunCoke Energy's CFR to B1 from B2, outlook stable
finance.yahoo.com - May 16 at 3:28 PM
finance.yahoo.com logoAK Steel Employee Honored as Co-Author of AIST Best Paper Award
finance.yahoo.com - May 15 at 3:27 PM
finance.yahoo.com logoWhat’s AK Steel’s Risk-Return Profile amid Sell-Off?
finance.yahoo.com - May 15 at 3:27 PM
americanbankingnews.com logoAK Steel Holding Co. (AKS) Short Interest Update
www.americanbankingnews.com - May 14 at 9:14 AM
americanbankingnews.com logoAK Steel Holding Co. (AKS) Receives "Market Perform" Rating from Cowen and Company
www.americanbankingnews.com - May 12 at 11:04 AM
finance.yahoo.com logoIs the Options Market Predicting a Spike in AK Steel (AKS) Stock?
finance.yahoo.com - May 10 at 9:27 AM
americanbankingnews.com logoAK Steel Holding Co. (AKS) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - May 9 at 10:52 AM
americanbankingnews.com logoZacks: Analysts Anticipate AK Steel Holding Co. (AKS) to Announce $0.15 Earnings Per Share
www.americanbankingnews.com - May 9 at 10:05 AM
finance.yahoo.com logoWhy Analysts Are Bullish on ArcelorMittal’s 1Q17 Revenues
finance.yahoo.com - May 9 at 9:22 AM
finance.yahoo.com logoWhy US Steel Bears Could Have a Valid Point
finance.yahoo.com - May 8 at 11:12 AM
finance.yahoo.com logoCramer vets the best and the worst of the US steel produc...
finance.yahoo.com - May 5 at 8:29 PM
finance.yahoo.com logoWhy AK Steel Is Optimistic despite a Slowdown in Auto Sales
finance.yahoo.com - May 5 at 3:27 PM
finance.yahoo.com logoZacks Industry Outlook Highlights: United States Steel, AK Steel Holding, ArcelorMittal, Nucor and Steel Dynamics
finance.yahoo.com - May 5 at 3:27 PM
finance.yahoo.com logoWhy Service Center Activity Is Crucial for Steel Companies
finance.yahoo.com - May 5 at 3:27 PM
americanbankingnews.com logoAK Steel Holding Co. Forecasted to Earn Q2 2017 Earnings of $0.16 Per Share (AKS)
www.americanbankingnews.com - May 5 at 9:58 AM
americanbankingnews.com logoAK Steel Holding Co. (AKS) Given Equal Weight Rating at Barclays PLC
www.americanbankingnews.com - May 4 at 11:46 PM
finance.yahoo.com logoETFs with exposure to AK Steel Holding Corp. : May 4, 2017
finance.yahoo.com - May 4 at 8:31 PM
finance.yahoo.com logoAK Steel Awarded "Raw Material Supplier of the Year" from FCA US
finance.yahoo.com - May 4 at 3:30 PM
finance.yahoo.com logoAK Steel Awarded "Raw Material Supplier of the Year" from FCA US
finance.yahoo.com - May 4 at 3:30 PM
finance.yahoo.com logoAK Steel Holding Corp. :AKS-US: Earnings Analysis: Q1, 2017 By the Numbers : May 3, 2017
finance.yahoo.com - May 3 at 3:29 PM
finance.yahoo.com logoSteel Investors: Have Flat Rolled Trade Cases Fallen Flat?
finance.yahoo.com - May 3 at 3:29 PM
finance.yahoo.com logoU.S. Steel: Uh Oh. Dismal Auto Sales are Really Bad News
finance.yahoo.com - May 2 at 3:30 PM
americanbankingnews.com logoAK Steel Holding (AKS) Given Daily Media Sentiment Score of 0.24
www.americanbankingnews.com - May 2 at 2:08 PM
finance.yahoo.com logoWhy U.S. Steel’s Guidance Still Looks Aggressive, Despite the Cut
finance.yahoo.com - May 1 at 9:46 AM
americanbankingnews.com logoCowen and Company Cuts AK Steel Holding Co. (AKS) Price Target to $7.00
www.americanbankingnews.com - April 30 at 1:21 PM
americanbankingnews.com logoAK Steel Holding Co. (AKS) Sees Large Growth in Short Interest
www.americanbankingnews.com - April 30 at 7:00 AM
americanbankingnews.com logoAK Steel Holding (AKS) Getting Positive Media Coverage, Analysis Shows
www.americanbankingnews.com - April 29 at 10:24 AM
americanbankingnews.com logoAK Steel Holding Co. (AKS) Rating Reiterated by Jefferies Group LLC
www.americanbankingnews.com - April 28 at 10:50 AM
finance.yahoo.com logoEdited Transcript of AKS earnings conference call or presentation 25-Apr-17 3:00pm GMT
finance.yahoo.com - April 27 at 8:48 PM
americanbankingnews.com logoAK Steel Holding Co. (AKS) Lifted to C at TheStreet
www.americanbankingnews.com - April 27 at 4:57 PM
finance.yahoo.com logoAK Steel (AKS) Earnings and Sales Beat Estimates in Q1
finance.yahoo.com - April 27 at 3:46 PM
americanbankingnews.com logoAK Steel Holding Co. Forecasted to Post FY2017 Earnings of $0.54 Per Share (AKS)
www.americanbankingnews.com - April 27 at 2:02 PM
americanbankingnews.com logoAK Steel Holding Sees Unusually High Options Volume (AKS)
www.americanbankingnews.com - April 27 at 7:15 AM
finance.yahoo.com logoAK Steel Holding Corporation and United States Steel Corporation Facing Downward Pressure
finance.yahoo.com - April 27 at 1:44 AM

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Chart

AK Steel Holding (AKS) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff