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: $1.7663 billion
- Outstanding Shares: 314,848,000
- 50 Day Moving Avg: $5.49
- 200 Day Moving Avg: $6.27
- 52 Week Range: $4.24 - $11.39
Sales & Book Value:
- Trailing P/E Ratio: 14.69
- Foreward P/E Ratio: 7.01
- P/E Growth: 0.25
- Annual Revenue: $5.96 billion
- Price / Sales: 0.30
- Book Value: ($0.53) per share
- Price / Book: -10.58
- EBIDTA: $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: 18.25 million shs.
- Beta: 2.87
- 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) released its earnings results on Tuesday, July, 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $1.56 billion for 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%. AK Steel Holding Corporation's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business 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 equities research analysts have issued 12-month target prices for AK Steel Holding Corporation's shares. Their forecasts range from $6.24 to $11.00. On average, they anticipate AK Steel Holding Corporation's share price to reach $8.21 in the next year. View Analyst Ratings for AK Steel Holding Corporation.
Are investors shorting AK Steel Holding Corporation?
AK Steel Holding Corporation saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 68,832,230 shares, an increase of 0.3% from the August 15th total of 69,015,598 shares. Based on an average daily volume of 14,100,705 shares, the days-to-cover ratio is presently 4.9 days. Currently, 22.3% of the shares of the 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 Gold Fields Limited (GFI), Polymetal International PLC (POLY), Peyto Exploration & Development Corp (PEY), Sappi (SPPJY), Ivanhoe Mines Ltd (IVN), Parkland Fuel Corp (PKI), Whitecap Resources (WCP), Cabot Corporation (CBT), Buenaventura Mining Company (BVN), Platform Specialty Products Corporation (PAH), KAZ Minerals PLC (KAZ), Sensient Technologies Corporation (SXT), Yamana Gold (YRI), B2Gold Corp. (BTO), PolyOne Corporation (POL), Trinseo S.A. (TSE), Iamgold Corporation (IAG) 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 variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.98%), TIAA CREF Investment Management LLC (4.53%), State Street Corp (3.99%), Dimensional Fund Advisors LP (1.96%), Victory Capital Management Inc. (1.73%) and Teachers Advisors LLC (1.55%). View Institutional Ownership Trends for AK Steel Holding Corporation.
Who sold AK Steel Holding Corporation stock? Who is selling AK Steel Holding Corporation stock?
AK Steel Holding Corporation's stock was sold by a variety of institutional investors in the last quarter, including Teachers Advisors LLC, Vanguard Group Inc., TIAA CREF Investment Management LLC, York Capital Management Global Advisors LLC, Bank of New York Mellon Corp, Caxton Associates LP, GLG Partners LP and Convergence Investment Partners LLC. View Insider Buying and Selling for AK Steel Holding Corporation.
Who bought AK Steel Holding Corporation stock? Who is buying AK Steel Holding Corporation stock?
AK Steel Holding Corporation's stock was bought by a variety of institutional investors in the last quarter, including BW Gestao de Investimentos Ltda., Teacher Retirement System of Texas, Brandywine Global Investment Management LLC, Ameriprise Financial Inc., Dimensional Fund Advisors LP, Benefit Street Partners LLC, Kennedy Capital Management Inc. and UBS Asset Management Americas Inc.. 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 $5.61.
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 (46.36% upside)|
Analysts' Ratings History for AK Steel Holding Corporation (NYSE:AKS)
(Data available from 9/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|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|
|7/30/2017||BMO Capital Markets||Set Price Target||Hold||$7.00||Low|
|7/27/2017||Longbow Research||Downgrade||Buy -> Neutral||$6.20 -> $6.24||High|
|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: 1.80%Insider Trades by Quarter for AK Steel Holding Corporation (NYSE:AKS)
Institutional Ownership Percentage: 72.86%
(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 Wednesday, September, 20, 2017