AK Steel Holding Corporation Company Profile (NYSE:AKS)

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

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.

AK Steel Holding Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for AK Steel Holding Corporation.

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.

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)

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.

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).

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

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.

AK Steel Holding Corporation's stock was sold by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC and Capstone Asset Management Co.. View Insider Buying and Selling for AK Steel Holding Corporation.

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.

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.

One share of AK Steel Holding Corporation stock can currently be purchased for approximately $6.20.