AK Steel Stock Price, Forecast & Analysis (NYSE:AKS)

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

AK Steel Holding Co. (NYSE:AKS) released its quarterly earnings data on Wednesday, October, 30th. The basic materials company reported $0.01 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.03. The basic materials company earned $1.54 billion during the quarter, compared to analyst estimates of $1.64 billion. AK Steel had a return on equity of 42.48% and a net margin of 1.50%. The firm's revenue was down 11.5% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. View AK Steel's Earnings History.

AK Steel is scheduled to release their next quarterly earnings announcement on Monday, January 27th 2020. View Earnings Estimates for AK Steel.

AK Steel updated its FY19 earnings guidance on Wednesday, October, 30th. The company provided earnings per share (EPS) guidance of $0.32-0.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.41.

14 analysts have issued 1 year price objectives for AK Steel's shares. Their forecasts range from $1.50 to $3.00. On average, they expect AK Steel's share price to reach $2.38 in the next twelve months. This suggests that the stock has a possible downside of 7.5%. View Analyst Price Targets for AK Steel.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AK Steel in the last year. There are currently 5 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for AK Steel.

News headlines about AKS stock have trended somewhat positive on Tuesday, InfoTrie reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. AK Steel earned a news impact score of 1.1 on InfoTrie's scale. They also assigned news headlines about the basic materials company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for AK Steel.

AK Steel saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 31,480,000 shares, an increase of 10.0% from the September 30th total of 28,630,000 shares. Based on an average daily volume of 8,750,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 10.2% of the shares of the company are short sold. View AK Steel's Current Options Chain.

Some companies that are related to AK Steel include Nucor (NUE), Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Allegheny Technologies (ATI), Carpenter Technology (CRS), Commercial Metals (CMC), United States Steel (X), Worthington Industries (WOR), Cleveland-Cliffs (CLF), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other AK Steel investors own include United States Steel (X), Advanced Micro Devices (AMD), Bank of America (BAC), General Electric (GE), TG Therapeutics (TGTX), Rite Aid (rad), Steel Dynamics (STLD), Cleveland-Cliffs (CLF), Intel (INTC) and Chesapeake Energy (CHK).

AK Steel's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Rhumbline Advisers (0.32%), Cetera Advisors LLC (0.28%), Congress Asset Management Co. MA (0.26%), California Public Employees Retirement System (0.22%), First Trust Advisors LP (0.13%) and SG Americas Securities LLC (0.11%). Company insiders that own AK Steel stock include James A Thomson, Joseph C Alter, Roger K Newport and William K Gerber. View Institutional Ownership Trends for AK Steel.

AKS stock was sold by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, Municipal Employees Retirement System of Michigan, Wedbush Securities Inc., Congress Asset Management Co. MA, Wedge Capital Management L L P NC and Shoker Investment Counsel Inc.. View Insider Buying and Selling for AK Steel.

AKS stock was acquired by a variety of institutional investors in the last quarter, including Cetera Advisors LLC, California Public Employees Retirement System, State of Alaska Department of Revenue, State of Tennessee Treasury Department, 6 Meridian, First Trust Advisors LP, Everence Capital Management Inc. and Rhumbline Advisers. Company insiders that have bought AK Steel stock in the last two years include Joseph C Alter and Roger K Newport. View Insider Buying and Selling for AK Steel.

Shares of AKS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of AKS stock can currently be purchased for approximately $2.57.

AK Steel has a market capitalization of $813.20 million and generates $6.82 billion in revenue each year. The basic materials company earns $186 million in net income (profit) each year or $0.64 on an earnings per share basis. AK Steel employs 9,500 workers across the globe.View Additional Information About AK Steel.

The official website for AK Steel is http://www.aksteel.com/.

AK Steel's mailing address is 9227 CENTRE POINTE DRIVE, WEST CHESTER OH, 45069. The basic materials company can be reached via phone at 513-425-5000 or via email at [email protected]