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 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:
- Industry: Steel & Iron
- Sub-Industry: Steel
- Symbol: NYSE:AKS
- CUSIP: 00154710
- Web: www.aksteel.com
Capitalization:- Market Cap: $1.83 billion
- Outstanding Shares: 314,825,000
Average Prices:- 50 Day Moving Avg: $6.20
- 200 Day Moving Avg: $8.13
- 52 Week Range: $3.87 - $11.39
P/E:- Trailing P/E Ratio: 22.48
- Foreward P/E Ratio: 7.95
- P/E Growth: 0.29
Sales & Book Value:- Annual Revenue: $5.9 billion
- Price / Sales: 0.31
- Book Value: ($0.73) per share
- Price / Book: -7.95
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: 17.94 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 earnings results on Tuesday, April, 25th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm earned $1.53 billion during the quarter, compared to analysts' expectations of $1.49 billion. AK Steel Holding had a negative return on equity of 47.34% and a negative net margin of 0.13%. AK Steel Holding's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned ($0.08) earnings per share. View AK Steel Holding's Earnings History.
When will AK Steel Holding make its next earnings announcement?
Where is AK Steel Holding's stock going? Where will AK Steel Holding's stock price be in 2017?
14 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 expect AK Steel Holding's share price to reach $7.74 in the next year. 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 decline in short interest in the month of May. As of May 15th, there was short interest totalling 49,724,179 shares, a decline of 8.3% from the April 28th total of 54,207,646 shares. Based on an average daily volume of 13,967,987 shares, the short-interest ratio is currently 3.6 days. Currently, 16.1% of the company's stock are short sold.
Who are some of AK Steel Holding's key competitors?
Some companies that are related to AK Steel Holding include United States Steel (X), Companhia Siderurgica Nacional (SID), Worthington Industries (WOR), Commercial Metals Company (CMC), Mechel PAO (MTL), Gibraltar Industries (ROCK), Timkensteel Corp (TMST), Schnitzer Steel Industries (SCHN), Ryerson Holding Corp (RYI), Olympic Steel (ZEUS), Northwest Pipe Company (NWPX), Universal Stainless & Alloy Products (USAP), Synalloy (SYNL) and China Gerui Adv Mtals Grp Ltd (CHOP).
Who are AK Steel Holding's key executives?
AK Steel Holding's management team includes the folowing people:
- Kirk W. Reich, President, Chief Operating Officer
- Roger K. Newport, Chief Executive Officer, Director
- Jaime Vasquez, Chief Financial Officer, Vice President - Finance
- Gregory A. Hoffbauer, Chief Accounting Officer, Vice President, Controller
- Brian K. Bishop, Vice President - Carbon Steel Operations
- Michael A. Kercsmar, Vice President - Specialty Steel Operations
- Joseph C. Alter, Vice President, General Counsel, Corporate Secretary
- Scott M. Lauschke, Vice President - Sales and Customer Service
- Stephanie S. Bisselberg, Vice President - Human Resources
- Renee S. Filiatraut, Vice President - Litigation, Labor and External Affairs
Who owns AK Steel Holding stock?
AK Steel Holding's stock is owned by many different of institutional and retail investors. Top institutional shareholders 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.
What is AK Steel Holding's stock price today?
One share of AK Steel Holding stock can currently be purchased for approximately $5.80.
MarketBeat Community Rating for AK Steel Holding (NYSE AKS)MarketBeat's community ratings are surveys of what our community members think about AK Steel Holding and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Earnings History for AK Steel Holding (NYSE:AKS)Earnings History by Quarter for AK Steel Holding (NYSE AKS)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 7/24/2017 | | | | | | | | |
| 4/25/2017 | Q1 2017 | $0.15 | $0.19 | $1.49 billion | $1.53 billion | View | N/A |  |
| 1/24/2017 | Q4 2016 | $0.07 | $0.25 | $1.42 billion | $1.42 billion | View | N/A | |
| 10/25/2016 | Q316 | $0.13 | $0.21 | $1.47 billion | $1.45 billion | View | Listen | |
| 7/26/2016 | Q216 | ($0.02) | $0.08 | $1.53 billion | $1.49 billion | View | Listen | |
| 4/26/2016 | Q116 | ($0.11) | ($0.08) | $1.50 billion | $1.52 billion | View | Listen | |
| 1/26/2016 | Q415 | $0.01 | $0.30 | $1.58 billion | $1.54 billion | View | Listen | |
| 10/27/2015 | Q315 | ($0.05) | $0.04 | $1.71 billion | $1.71 billion | View | Listen | |
| 7/28/2015 | Q215 | ($0.39) | ($0.36) | $1.72 billion | $1.69 billion | View | Listen | |
| 4/28/2015 | Q115 | ($0.24) | ($0.28) | $1.74 billion | $1.75 billion | View | N/A | |
| 1/27/2015 | Q414 | $0.06 | $0.14 | $1.98 billion | $2.00 billion | View | N/A | |
| 11/4/2014 | Q314 | $0.09 | $0.12 | $1.49 billion | $1.59 billion | View | N/A | |
| 7/29/2014 | Q214 | ($0.04) | $0.02 | $1.51 billion | $1.53 billion | View | N/A | |
| 4/22/2014 | Q114 | ($0.43) | ($0.40) | $1.40 billion | $1.38 billion | View | N/A | |
| 1/27/2014 | Q413 | ($0.12) | $0.09 | $1.40 billion | $1.46 billion | View | N/A | |
| 10/22/2013 | Q313 | ($0.12) | ($0.23) | $1.39 billion | $1.33 billion | View | N/A | |
| 7/23/2013 | Q2 2013 | ($0.33) | ($0.30) | $1.42 billion | $1.41 billion | View | N/A | |
| 4/23/2013 | Q1 2013 | ($0.11) | ($0.07) | $1.39 billion | $1.37 billion | View | N/A | |
| 1/29/2013 | Q4 2012 | ($0.36) | ($0.30) | $1.42 billion | $1.42 billion | View | N/A | |
| 10/23/2012 | | ($0.37) | ($0.25) | | | View | N/A | |
| 7/24/2012 | | $0.05 | $0.10 | | | View | N/A | |
| 4/24/2012 | | ($0.12) | ($0.11) | | | View | N/A | |
| 1/24/2012 | | ($0.39) | ($0.26) | | | View | N/A | |
| 10/25/2011 | | $0.01 | $0.02 | | | View | N/A | |
| 7/26/2011 | | $0.49 | $0.32 | | | View | N/A | |
| 4/26/2011 | | ($0.01) | $0.08 | | | View | N/A | |
| 1/25/2011 | | ($0.63) | ($0.49) | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for AK Steel Holding (NYSE:AKS)2017 EPS Consensus Estimate: $0.56
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.13 | $0.21 | $0.17 |
| Q2 2017 | 2 | $0.09 | $0.16 | $0.13 |
| Q3 2017 | 1 | $0.12 | $0.12 | $0.12 |
| Q4 2017 | 1 | $0.14 | $0.14 | $0.14 |
(Data provided by Zacks Investment Research)
Dividend History for AK Steel Holding (NYSE:AKS)
No dividend announcements for this company have been tracked by MarketBeat.com
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 7/28/2016 | Vicente Wright | Director | Sell | 27,000 | $6.70 | $180,900.00 | |
| 7/31/2015 | Roger K Newport | CFO | Buy | 5,000 | $3.12 | $15,600.00 | |
| 2/10/2015 | James A Thomson | Director | Sell | 6,500 | $4.20 | $27,300.00 | |
| 2/2/2015 | James L Wainscott | CEO | Buy | 10,000 | $3.77 | $37,700.00 | |
| 2/2/2015 | Joseph C Alter | VP | Buy | 2,000 | $3.79 | $7,580.00 | |
| 1/30/2015 | Roger K Newport | CFO | Buy | 5,000 | $3.80 | $19,000.00 | |
| 1/29/2015 | David C Horn | EVP | Buy | 12,000 | $3.73 | $44,760.00 | |
| 1/29/2015 | Gregory A Hoffbauer | Insider | Buy | 3,000 | $3.82 | $11,460.00 | |
| 1/29/2015 | Vicente Wright | Director | Buy | 10,000 | $3.80 | $38,000.00 | |
| 11/14/2014 | Ralph S Michael III | Director | Buy | 10,000 | $6.25 | $62,500.00 | |
| 11/7/2014 | Robert H Jenkins | Director | Buy | 25,000 | $6.31 | $157,750.00 | |
| 11/7/2014 | Roger K Newport | CFO | Buy | 5,000 | $6.21 | $31,050.00 | |
| 11/6/2014 | David C Horn | VP | Buy | 20,000 | $6.04 | $120,800.00 | |
| 11/6/2014 | James L Wainscott | CEO | Buy | 160,000 | $6.18 | $988,800.00 | |
| 11/6/2014 | Richard A Abdoo | Director | Buy | 10,000 | $6.15 | $61,500.00 | |
| 8/13/2014 | Mark G Essig | Director | Buy | 25,000 | $9.80 | $245,000.00 | |
| 12/4/2012 | Richard A Abdoo | Director | Buy | 12,500 | $3.95 | $49,375.00 | |
| 11/28/2012 | Roger K Newport | CFO | Buy | 5,000 | $3.87 | $19,350.00 | |
| 11/27/2012 | James L Wainscott | CEO | Buy | 100,000 | $3.85 | $385,000.00 | |
| 11/26/2012 | Ralph S Michael III | Director | Buy | 10,000 | $3.82 | $38,200.00 | |
| 11/23/2012 | John S Brinzo | Director | Buy | 4,000 | $3.84 | $15,360.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for AK Steel Holding (NYSE:AKS)
Latest Headlines for AK Steel Holding (NYSE:AKS)
| Source: |
|
| Date | Headline |
|---|
 | Short Interest in AK Steel Holding Co. (AKS) Declines By 8.3%
www.americanbankingnews.com - May 30 at 7:00 AM |
 | Form SD AK STEEL HOLDING CORP
www.streetinsider.com - May 26 at 8:41 PM |
 | ArcelorMittal’s Leverage Ratios Rose after Its 1Q17 Earnings
finance.yahoo.com - May 25 at 3:50 PM |
| ArcelorMittal or AK Steel: Which Could Offer Valuation Upside?
finance.yahoo.com - May 25 at 3:50 PM |
| AK Steel Holding Co. (AKS) Rating Increased to Buy at Clarkson Capital
www.americanbankingnews.com - May 25 at 7:48 AM |
 | Section 232 Public Hearing Wednesday Is 'Unlikely To Affect Steel Equities' - Benzinga
www.benzinga.com - May 24 at 8:29 PM |
| Analysts’ Projections for U.S. Steel Corporation’s 2Q17 Earnings
finance.yahoo.com - May 24 at 3:27 PM |
| Credit Suisse upgrades steel stocks
finance.yahoo.com - May 24 at 3:27 PM |
| U.S. steel executives say security probe could provide broader import relief
finance.yahoo.com - May 24 at 7:36 AM |
| What Could Impact AK Steel’s 2017 Steel Shipments?
finance.yahoo.com - May 23 at 3:29 PM |
| What to Expect from U.S. Steel Corporation’s Volumes in 2017
finance.yahoo.com - May 23 at 3:29 PM |
 | Steel & Iron Stocks under Review -- United States Steel, AK Steel, ArcelorMittal, and Gerdau
www.prnewswire.com - May 23 at 7:11 AM |
| AK Steel's Coshocton Works Recognized for Outstanding Safety Performance
finance.yahoo.com - May 19 at 3:27 PM |
| AK Steel Holding Target of Unusually High Options Trading (AKS)
www.americanbankingnews.com - May 19 at 1:46 PM |
| Falling Car Sales and Waning Trump Effect Spell Trouble for AKS
finance.yahoo.com - May 19 at 9:38 AM |
| Why US Steelmakers May Have a Rough Road Ahead
finance.yahoo.com - May 19 at 9:38 AM |
| AK Steel Holding Co. (AKS) Now Covered by Analysts at Longbow Research
www.americanbankingnews.com - May 19 at 7:42 AM |
| AK Steel gets $2M grant to develop steel for hybrid cars
finance.yahoo.com - May 18 at 3:26 PM |
 | AK Steel: Expect Upside To $7.50 - AK Steel Holding Corp (NYSE ... - Seeking Alpha
seekingalpha.com - May 18 at 12:19 PM |
| AK Steel Gets $1.8M Award from DOE for NOES Development
finance.yahoo.com - May 18 at 12:19 PM |
| AK 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 |
| SunCoke 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 |
| AK Steel Employee Honored as Co-Author of AIST Best Paper Award
finance.yahoo.com - May 15 at 3:27 PM |
| What’s AK Steel’s Risk-Return Profile amid Sell-Off?
finance.yahoo.com - May 15 at 3:27 PM |
| AK Steel Holding Co. (AKS) Short Interest Update
www.americanbankingnews.com - May 14 at 9:14 AM |
| AK Steel Holding Co. (AKS) Receives "Market Perform" Rating from Cowen and Company
www.americanbankingnews.com - May 12 at 11:04 AM |
| Is the Options Market Predicting a Spike in AK Steel (AKS) Stock?
finance.yahoo.com - May 10 at 9:27 AM |
| AK Steel Holding Co. (AKS) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - May 9 at 10:52 AM |
| Zacks: Analysts Anticipate AK Steel Holding Co. (AKS) to Announce $0.15 Earnings Per Share
www.americanbankingnews.com - May 9 at 10:05 AM |
| Why Analysts Are Bullish on ArcelorMittal’s 1Q17 Revenues
finance.yahoo.com - May 9 at 9:22 AM |
| Why US Steel Bears Could Have a Valid Point
finance.yahoo.com - May 8 at 11:12 AM |
| Cramer vets the best and the worst of the US steel produc...
finance.yahoo.com - May 5 at 8:29 PM |
| Why AK Steel Is Optimistic despite a Slowdown in Auto Sales
finance.yahoo.com - May 5 at 3:27 PM |
| Zacks Industry Outlook Highlights: United States Steel, AK Steel Holding, ArcelorMittal, Nucor and Steel Dynamics
finance.yahoo.com - May 5 at 3:27 PM |
| Why Service Center Activity Is Crucial for Steel Companies
finance.yahoo.com - May 5 at 3:27 PM |
| AK Steel Holding Co. Forecasted to Earn Q2 2017 Earnings of $0.16 Per Share (AKS)
www.americanbankingnews.com - May 5 at 9:58 AM |
| AK Steel Holding Co. (AKS) Given Equal Weight Rating at Barclays PLC
www.americanbankingnews.com - May 4 at 11:46 PM |
| ETFs with exposure to AK Steel Holding Corp. : May 4, 2017
finance.yahoo.com - May 4 at 8:31 PM |
| AK Steel Awarded "Raw Material Supplier of the Year" from FCA US
finance.yahoo.com - May 4 at 3:30 PM |
| AK Steel Awarded "Raw Material Supplier of the Year" from FCA US
finance.yahoo.com - May 4 at 3:30 PM |
| AK Steel Holding Corp. :AKS-US: Earnings Analysis: Q1, 2017 By the Numbers : May 3, 2017
finance.yahoo.com - May 3 at 3:29 PM |
| Steel Investors: Have Flat Rolled Trade Cases Fallen Flat?
finance.yahoo.com - May 3 at 3:29 PM |
| U.S. Steel: Uh Oh. Dismal Auto Sales are Really Bad News
finance.yahoo.com - May 2 at 3:30 PM |
| AK Steel Holding (AKS) Given Daily Media Sentiment Score of 0.24
www.americanbankingnews.com - May 2 at 2:08 PM |
| Why U.S. Steel’s Guidance Still Looks Aggressive, Despite the Cut
finance.yahoo.com - May 1 at 9:46 AM |
| Cowen and Company Cuts AK Steel Holding Co. (AKS) Price Target to $7.00
www.americanbankingnews.com - April 30 at 1:21 PM |
| AK Steel Holding Co. (AKS) Sees Large Growth in Short Interest
www.americanbankingnews.com - April 30 at 7:00 AM |
| AK Steel Holding (AKS) Getting Positive Media Coverage, Analysis Shows
www.americanbankingnews.com - April 29 at 10:24 AM |
| AK Steel Holding Co. (AKS) Rating Reiterated by Jefferies Group LLC
www.americanbankingnews.com - April 28 at 10:50 AM |
| Edited Transcript of AKS earnings conference call or presentation 25-Apr-17 3:00pm GMT
finance.yahoo.com - April 27 at 8:48 PM |
AK Steel Holding (AKS) Chart for Tuesday, May, 30, 2017
