NYSE:AKS - AK Steel Stock Price, Forecast & News

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

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

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

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

13 Wall Street analysts have issued 12 month price targets for AK Steel's shares. Their forecasts range from $1.50 to $3.50. On average, they anticipate AK Steel's share price to reach $2.50 in the next twelve months. This suggests that the stock has a possible downside of 13.7%. View Analyst Price Targets for AK Steel.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AK Steel in the last year. There are currently 3 sell ratings, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for AK Steel.

News stories about AKS stock have trended extremely negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. AK Steel earned a coverage optimism score of -4.5 on InfoTrie's scale. They also assigned news headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely 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 decrease in short interest in December. As of December 31st, there was short interest totalling 19,720,000 shares, a decrease of 5.9% from the December 15th total of 20,950,000 shares. Based on an average trading volume of 8,520,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 6.4% of the shares of the company are sold short. 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), Commercial Metals (CMC), Allegheny Technologies (ATI), Worthington Industries (WOR), Carpenter Technology (CRS), Cleveland-Cliffs (CLF), United States Steel (X), 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), Chesapeake Energy (CHK) and Intel (INTC).

AK Steel's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Merriman Wealth Management LLC (1.32%), State of Alaska Department of Revenue (0.08%), OTA Financial Group L.P. (0.05%), 6 Meridian (0.03%), Louisiana State Employees Retirement System (0.03%) and NEXT Financial Group Inc (0.02%). 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 Wedbush Securities Inc., Merriman Wealth Management LLC, NEXT Financial Group Inc, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. View Insider Buying and Selling for AK Steel.

AKS stock was bought by a variety of institutional investors in the last quarter, including OTA Financial Group L.P., Advisor Partners LLC, Strs Ohio and 6 Meridian. 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 $2.90.

AK Steel has a market capitalization of $917.62 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]