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: $2.03377 billion
- Outstanding Shares: 314,825,000
- 50 Day Moving Avg: $6.31
- 200 Day Moving Avg: $7.30
- 52 Week Range: $3.87 - $11.39
Sales & Book Value:
- Trailing P/E Ratio: 24.03
- Foreward P/E Ratio: 6.89
- P/E Growth: 0.31
- Annual Revenue: $5.9 billion
- Price / Sales: 0.33
- Book Value: ($0.73) per share
- Price / Book: -8.49
- EBIDTA: $670.6 million
- Net Margins: 1.16%
- Return on Equity: -235.11%
- Return on Assets: 5.15%
- Debt-to-Equity Ratio: 12.50%
- Current Ratio: 1.85%
- Quick Ratio: 0.79%
- Average Volume: 17.66 million shs.
- Beta: 2.89
- Short Ratio: 3.65
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 quarterly earnings data on Tuesday, April, 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.15 by $0.04. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.49 billion. AK Steel Holding Corporation had a net margin of 1.16% and a negative return on equity of 235.11%. AK Steel Holding Corporation's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted ($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 brokerages have issued 1-year target prices for AK Steel Holding Corporation's shares. Their predictions range from $4.00 to $11.00. On average, they expect AK Steel Holding Corporation's stock price to reach $8.05 in the next twelve months. View Analyst Ratings for AK Steel Holding Corporation.
What are analysts saying about AK Steel Holding Corporation stock?
Here are some recent quotes from research analysts about AK Steel Holding Corporation stock:
- 1. According to Zacks Investment Research, "AK Steel should benefit from the strength in the automotive market and Severstal Dearborn acquisition. The company’s sustained initiatives to manage costs should also support its bottom line. However, the company has underperformed the Zacks categorized 'Steel-Producers' industry over the past six months. AK Steel faces a challenging macroeconomic environment and weakness in the electrical steel market. It is also exposed to a volatile raw material pricing environment. The U.S. steel industry is also not out of the woods yet. " (7/20/2017)
- 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 Corporation?
AK Steel Holding Corporation saw a increase in short interest during the month of June. As of June 30th, there was short interest totalling 55,709,996 shares, an increase of 4.1% from the June 15th total of 53,528,820 shares. Based on an average daily trading volume, of 17,093,610 shares, the days-to-cover ratio is presently 3.3 days. Approximately 18.1% of the company's stock 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 Methanex Corporation (MEOH), Cameco Corporation (CCJ), AngloGold Ashanti Limited (AU), Polymetal International PLC (POLY), Versum Materials (VSM), Sappi (SPPJY), Platform Specialty Products Corporation (PAH), Cabot Corporation (CBT), Sensient Technologies Corporation (SXT), National Steel Company (SID), EVRAZ plc (EVR), PolyOne Corporation (POL), Buenaventura Mining Company (BVN), Gold Fields Limited (GFI), Trinseo S.A. (TSE), KAZ Minerals PLC (KAZ), B2Gold Corp (BTG) and H. B. Fuller Company (FUL).
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?
AK Steel Holding Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Copper Rock Capital Partners LLC (1.01%), Bank of Montreal Can (0.28%), Peregrine Capital Management LLC (0.18%), James Investment Research Inc. (0.10%), Sippican Capital Advisors (0.07%) and Louisiana State Employees Retirement System (0.04%). Company insiders that own AK Steel Holding Corporation stock include Roger K Newport and Vicente Wright. View Institutional Ownership Trends for AK Steel Holding Corporation.
Who sold AK Steel Holding Corporation stock? Who is selling AK Steel Holding Corporation stock?
Who bought AK Steel Holding Corporation stock? Who is buying AK Steel Holding Corporation stock?
AK Steel Holding Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, James Investment Research Inc., State of Alaska Department of Revenue, Cornerstone Financial Partners LLC, Fox Run Management L.L.C., Aperio Group LLC, Peregrine Capital Management LLC and US Bancorp DE. View Insider Buying and Selling for AK Steel Holding Corporation.
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 $6.20.
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: ||1 Sell Rating, 6 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.43)|
|Consensus Price Target: ||$8.05 (29.78% upside)|
Analysts' Ratings History for AK Steel Holding Corporation (NYSE:AKS)
(Data available from 7/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/6/2017||Deutsche Bank AG||Reiterated Rating||Buy||$10.00||Medium|
|6/28/2017||Jefferies Group LLC||Reiterated Rating||Buy||$9.00||Medium|
|6/19/2017||Longbow Research||Upgrade||Neutral -> Buy||High|
|5/25/2017||Clarkson Capital||Upgrade||Neutral -> Buy||$8.00||Low|
|5/12/2017||Cowen and Company||Reiterated Rating||Market Perform||$7.00||Low|
|5/4/2017||Barclays PLC||Lower Price Target||Equal Weight||$9.00 -> $8.00||Medium|
|4/24/2017||Macquarie||Upgrade||Neutral -> Outperform||$7.30 -> $8.10||High|
|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 AG||Downgrade||Outperform -> Neutral||$8.00 -> $9.50||N/A|
|10/26/2016||Bank of America Corporation||Upgrade||Underperform -> Buy||$8.00||N/A|
|8/22/2016||Rosenblatt Securities||Initiated Coverage||Buy||$6.00||N/A|
|8/19/2016||KeyCorp||Downgrade||Sector Weight -> Underweight||$5.15 -> $4.00||N/A|
|3/9/2016||Nomura||Boost Price Target||Neutral||$2.50 -> $3.50||N/A|
|9/20/2015||BMO Capital Markets||Reiterated Rating||Hold||N/A|
|9/18/2015||Morningstar, Inc.||Reiterated Rating||Buy||N/A|
|9/9/2015||BB&T Corporation||Initiated Coverage||Hold||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|
|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: $0.48
(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: 1.80%Insider Trades by Quarter for AK Steel Holding Corporation (NYSE:AKS)
Institutional Ownership Percentage: 77.39%
(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 Saturday, July, 22, 2017