About AK Steel Holding Corporation (NYSE:AKS)
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: Basic Materials
- Industry: Iron, Steel Mills & Foundries
- Sub-Industry: Steel
- Symbol: NYSE:AKS
- CUSIP: 00154710
- Web: www.aksteel.com
- Market Cap: $1.82612 billion
- Outstanding Shares: 314,848,000
- 50 Day Moving Avg: $5.61
- 200 Day Moving Avg: $5.98
- 52 Week Range: $4.47 - $11.39
Sales & Book Value:
- Trailing P/E Ratio: 14.90
- Foreward P/E Ratio: 7.20
- P/E Growth: 0.26
- Annual Revenue: $5.96 billion
- Price / Sales: 0.30
- Book Value: ($0.53) per share
- Price / Book: -10.74
- EBITDA: $718.2 million
- Net Margins: 1.88%
- Return on Equity: 735.25%
- Return on Assets: 6.22%
- Debt-to-Equity Ratio: 9.10%
- Current Ratio: 2.00%
- Quick Ratio: 0.81%
- Average Volume: 17.13 million shs.
- Beta: 2.91
- Short Ratio: 3.13
Frequently Asked Questions for AK Steel Holding Corporation (NYSE:AKS)
What is AK Steel Holding Corporation's stock symbol?
AK Steel Holding Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "AKS."
How were AK Steel Holding Corporation's earnings last quarter?
AK Steel Holding Corporation (NYSE:AKS) issued its earnings results on Tuesday, July, 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.13 by $0.06. The firm earned $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. The business's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share. View AK Steel Holding Corporation's Earnings History.
When will AK Steel Holding Corporation make its next earnings announcement?
Where is AK Steel Holding Corporation's stock going? Where will AK Steel Holding Corporation's stock price be in 2017?
14 analysts have issued 1 year target prices for AK Steel Holding Corporation's stock. Their forecasts range from $6.24 to $11.00. On average, they expect AK Steel Holding Corporation's stock price to reach $8.21 in the next twelve months. View Analyst Ratings for AK Steel Holding Corporation.
Are investors shorting AK Steel Holding Corporation?
AK Steel Holding Corporation saw a decline in short interest in September. As of September 29th, there was short interest totalling 59,593,590 shares, a decline of 18.6% from the September 15th total of 73,249,148 shares. Based on an average daily volume of 14,748,768 shares, the days-to-cover ratio is presently 4.0 days. Approximately 19.3% of the company's shares are short sold.
Who are some of AK Steel Holding Corporation's key competitors?
Some companies that are related to AK Steel Holding Corporation include Ivanhoe Mines Ltd (IVN), Sappi (SPPJY), Cameco Corporation (CCJ), IAMGOLD Corp (IMG), Sensient Technologies Corporation (SXT), PolyOne Corporation (POL), Gold Fields Limited (GFI), Whitecap Resources (WCP), Platform Specialty Products Corporation (PAH), Parkland Fuel Corp (PKI), B2Gold Corp. (BTO), Yamana Gold (YRI), Trinseo S.A. (TSE), Peyto Exploration & Development Corp (PEY), Kronos Worldwide (KRO), Ingevity Corp (NGVT), H. B. Fuller Company (FUL) and Iamgold Corporation (IAG).
Who are AK Steel Holding Corporation's key executives?
AK Steel Holding Corporation'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 Corporation stock?
How do I buy AK Steel Holding Corporation stock?
Shares of AK Steel Holding Corporation 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 Corporation's stock price today?
MarketBeat Community Rating for AK Steel Holding Corporation (NYSE AKS)MarketBeat's community ratings are surveys of what our community members think about AK Steel Holding Corporation 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.
One share of AK Steel Holding Corporation stock can currently be purchased for approximately $5.69.
Consensus Ratings for AK Steel Holding Corporation (NYSE:AKS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||9 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.36)|
|Consensus Price Target: ||$8.21 (44.30% upside)|Consensus Price Target History for AK Steel Holding Corporation (NYSE:AKS)
Analysts' Ratings History for AK Steel Holding Corporation (NYSE:AKS)
(Data available from 10/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/5/2017||BMO Capital Markets||Reiterated Rating||Hold||$7.00||N/A|
|10/3/2017||Longbow Research||Reiterated Rating||Neutral||Low|
|9/18/2017||Jefferies Group LLC||Reiterated Rating||Buy||Low|
|9/6/2017||Macquarie||Initiated Coverage||Outperform -> Outperform||$7.00||Medium|
|9/6/2017||Bank of America Corporation||Reiterated Rating||Buy||$9.00||Low|
|8/9/2017||Barclays PLC||Reiterated Rating||Equal Weight||$8.00 -> $7.00||Low|
|7/26/2017||Clarkson Capital||Upgrade||Neutral -> Buy||Medium|
|7/6/2017||Deutsche Bank AG||Reiterated Rating||Buy||$10.00||Medium|
|5/12/2017||Cowen and Company||Reiterated Rating||Market Perform||$7.00||Low|
|4/19/2017||Citigroup Inc.||Upgrade||Sell -> Neutral||$8.00 -> $7.00||Medium|
|3/22/2017||J P Morgan Chase & Co||Reiterated Rating||Neutral||$8.00 -> $9.00||Low|
|2/13/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$8.39 -> $11.00||N/A|
|1/12/2017||Credit Suisse Group||Downgrade||Outperform -> Neutral||$8.00 -> $9.50||N/A|
|8/22/2016||Rosenblatt Securities||Initiated Coverage||Buy||$6.00||N/A|
|3/9/2016||Nomura||Boost Price Target||Neutral||$2.50 -> $3.50||N/A|
Earnings History for AK Steel Holding Corporation (NYSE:AKS)Earnings History by Quarter for AK Steel Holding Corporation (NYSE AKS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$0.13||$0.19||$1.55 billion||$1.56 billion||View||N/A|
|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|
Earnings Estimates for AK Steel Holding Corporation (NYSE:AKS)
2017 EPS Consensus Estimate: $0.44
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for AK Steel Holding Corporation (NYSE:AKS)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for AK Steel Holding Corporation (NYSE:AKS)
Insider Ownership Percentage: 0.80%Insider Trades by Quarter for AK Steel Holding Corporation (NYSE:AKS)
Institutional Ownership Percentage: 73.06%
(Data available from 1/1/2013 forward)
|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|| |
Headline Trends for AK Steel Holding Corporation (NYSE:AKS)
Latest Headlines for AK Steel Holding Corporation (NYSE:AKS)
AK Steel Holding Corporation (AKS) Chart for Tuesday, October, 17, 2017