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:
- Industry: Iron, Steel Mills & Foundries
- Sub-Industry: Steel
- Sector: Basic Materials
- Symbol: NYSE:AKS
- CUSIP: 00154710
- Web: www.aksteel.com
- Debt-to-Equity Ratio: 11.89%
- Current Ratio: 1.92%
- Quick Ratio: 0.75%
Sales & Book Value:
- Trailing P/E Ratio: 6.94
- Forward P/E Ratio: 18.04
- P/E Growth: 3.63
- Annual Sales: $5.8825 billion
- Price / Sales: 0.24
- Cash Flow: $1.16 per share
- Price / Cash: 3.88
- Book Value: $0.29 per share
- Price / Book: 15.55
- Trailing EPS: $0.15
- Net Income: ($7,790,000.00)
- Net Margins: 0.92%
- Return on Equity: 140.37%
- Return on Assets: 4.97%
- Employees: 8,500
- Outstanding Shares: 314,880,000
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) posted its quarterly earnings data on Tuesday, July, 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.10. The basic materials company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. AK Steel Holding Corporation had a return on equity of 140.37% and a net margin of 0.92%. AK Steel Holding Corporation's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.36) EPS. 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 brokers have issued 12 month 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 share price to reach $7.44 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 drop in short interest in October. As of October 31st, there was short interest totalling 49,407,518 shares, a drop of 14.7% from the October 13th total of 57,920,185 shares. Based on an average trading volume of 22,004,973 shares, the days-to-cover ratio is presently 2.2 days. Currently, 16.0% of the company's stock are sold short.
Who are some of AK Steel Holding Corporation's key competitors?
Some companies that are related to AK Steel Holding Corporation include Sims Metal Management Ltd (SGM), Nufarm Limited (NUF), Platform Specialty Products Corporation (PAH), Joy Global (JOY), U.S. Silica Holdings (SLCA), H. B. Fuller Company (FUL), Vedanta Resources Plc (VDNRF), Iamgold Corporation (IAG), Yamana Gold (AUY), Ferroglobe PLC (GSM), Peyto Exploration & Development Corp (PEY), Pretium Resources (PVG), Hudbay Minerals (HBM), Greif (GEF), Minerals Technologies (MTX), OZ Minerals Limited (OZL), Venator Materials PLC (VNTR) and Alamos Gold (AGI).
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 (Age 48)
- Roger K. Newport, Chief Executive Officer, Director (Age 52)
- Jaime Vasquez, Chief Financial Officer, Vice President - Finance (Age 54)
- Gregory A. Hoffbauer, Chief Accounting Officer, Vice President, Controller (Age 50)
- Brian K. Bishop, Vice President - Carbon Steel Operations (Age 45)
- Michael A. Kercsmar, Vice President - Specialty Steel Operations (Age 45)
- Joseph C. Alter, Vice President, General Counsel, Corporate Secretary (Age 39)
- Scott M. Lauschke, Vice President - Sales and Customer Service (Age 47)
- Stephanie S. Bisselberg, Vice President - Human Resources (Age 46)
- Renee S. Filiatraut, Vice President - Litigation, Labor and External Affairs (Age 53)
Who owns AK Steel Holding Corporation stock?
AK Steel Holding Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include
DIVISION OF INVESTMENT, DEPARTMENT OF THE TREASURY, STATE OF NEW JERSEY
(5.18%), State of New Jersey Common Pension Fund D (4.64%), Dimensional Fund Advisors LP (1.93%), JPMorgan Chase & Co. (1.35%), Ameriprise Financial Inc. (1.32%) and Bank of New York Mellon Corp (1.15%). 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 Teacher Retirement System of Texas, Systematic Financial Management LP, New York State Common Retirement Fund, Sei Investments Co., First Trust Advisors LP, JPMorgan Chase & Co., Bank of New York Mellon Corp and LMR Partners LLP. 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 acquired by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Ameriprise Financial Inc., Supplemental Annuity Collective Trust of NJ, Cipher Capital LP, American Century Companies Inc., NJ State Employees Deferred Compensation Plan, Harvey Partners LLC and Old Mutual Global Investors UK Ltd.. 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 with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is AK Steel Holding Corporation's stock price today?
One share of AK Steel Holding Corporation stock can currently be purchased for approximately $4.51.
How big of a company is AK Steel Holding Corporation?
AK Steel Holding Corporation has a market capitalization of $1.45 billion and generates $5.8825 billion in revenue each year. The basic materials company earns ($7,790,000.00) in net income (profit) each year or $0.15 on an earnings per share basis. AK Steel Holding Corporation employs 8,500 workers across the globe.
How can I contact AK Steel Holding Corporation?
AK Steel Holding Corporation's mailing address is 9227 Centre Pointe Dr, WEST CHESTER, OH 45069-4822, United States. The basic materials company can be reached via phone at +1-513-4255000 or via email at [email protected]
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.
Analysts' Consensus Rating for AK Steel Holding Corporation (NYSE:AKS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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: ||0 Sell Ratings, 10 Hold Ratings, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.29)|
|Consensus Price Target: ||$7.44 (65.00% 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 11/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/10/2017||Jefferies Group LLC||Reiterated Rating||Buy||N/A|
|11/6/2017||Cowen and Company||Reiterated Rating||Market Perform -> Market Perform||$6.00 -> $4.00||N/A|
|11/2/2017||Citigroup Inc.||Lower Price Target||Neutral||$7.00 -> $5.00||N/A|
|11/2/2017||BMO Capital Markets||Reiterated Rating||Hold||N/A|
|11/1/2017||J P Morgan Chase & Co||Lower Price Target||Neutral||$8.00 -> $6.00||N/A|
|11/1/2017||Clarkson Capital||Downgrade||Buy -> Neutral||N/A|
|10/3/2017||Longbow Research||Reiterated Rating||Neutral||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|
|7/6/2017||Deutsche Bank AG||Reiterated Rating||Buy||$10.00||Medium|
|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 and Estimates Chart 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: $0.30
(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%
Institutional Ownership Percentage: 67.92%
Insider Trades by Quarter for AK Steel Holding Corporation (NYSE AKS)
(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|| |
Latest Headlines for AK Steel Holding Corporation (NYSE AKS)
AK Steel Holding Corporation (NYSE AKS) Chart for Monday, November, 20, 2017