For this quarter, Wall Street analysts forecast AK Steel Holding Corporation (AKS) revenue in a range of $1.68 billion to $1.82 billion, which should be compared with $1.62 billion generated last year. EPS is seen in a range of $0.17 to $0.37, against the $0.2 reported a year ago.The shares have dropped -39.3% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, AK Steel Holding Corporation (NYSE:AKS) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 3 quarters (25%), whereas at 0 occasion EPS met analyst expectations. AKS last reported earnings on October 25, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.21 per share, -97.89% change on the same period last year. That was worse than consensus for $0.23. Revenue for the recent quarter stood at $1.74 billion, up 16% on last year and below the $1.81 billion predicted by analysts.
AKS’s 50 day simple moving average (SMA 50) price is $3.18 and its 200-day simple moving average (SMA 200) price is $4.23. The company’s stock currently has a total float of 313.04M shares. Its weekly volatility is hovering around 9.61% and felt 7.66% volatility in price over a month. On the upside, the share price will test short term resistance at around $2.69. On a downside, the stock is likely to find some support, which begins at $2.36. The failure to get near-term support could push it to $2.17.
Separately, it has been reported that multiple insider activity took place at AK Steel Holding Corporation (AKS). CEO Newport Roger K acquired 10,000 shares for $461,297 in transaction occurred on 2018/11/27. After making this transaction, the CEO owns a direct stake of 30,300 shares, worth $1,180,920, as per the last closing price. On 2018/08/15 Newport Roger K, CEO at AKS, purchased 10,000 shares at an average price of $4.03 per share. The new stake is valued at $1,155,320.
VP Gen Counsel & Corp Sec, Alter Joseph C had invested in 2,500 shares for $67,100 through a trade on 2018/08/15. Following this activity, the insider holds 10,250 shares worth $171,776 as of recent close.Wall Street’s most bullish AK Steel Holding Corporation (NYSE:AKS) analysts are predicting the share price to blow past $6.5 per share during the next 12 months. The current median share price forecast by them is $5, suggesting that the stock could increase 95.31% in that time frame. The average price target of $4.53 calls for a nearly 76.95% increase in the stock price.
It had seen a new analyst call from Seaport Global Securities, which initiated the stock at Neutral on October 11. Analysts at Seaport Global Securities, started covering the stock on October 11 with a Neutral rating. The stock won favor of Clarksons Platou analysts who expressed their confidence in it using an upgrade from Neutral to Buy on September 11.
When looking at valuations, AK Steel Holding Corporation (AKS) has a pricey P/E of 12.02x as compared to industry average of 10.53x. Moreover, it trades for 3.52 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 8.26x price/book and 0.12x price/sales. Compared to others, AK Steel Holding Corporation is in a different league with regards to profitability, having net margins of 0.6%. To put some perspective around this, the industry’s average net margin is 5.07%. AKS’s ROE is 263.2%, which is also considerably better than the industry’s ROE of 6.98%. It’s also very liquid in the near term, with a current ratio of 2. The stock has a debt/capital of 0.
AK Steel Holding Corporation (NYSE:AKS) shares went up 13.78% in Friday’s session, putting the price tag at $2.56 plus $806.14M in market capitalization. Earlier in the session, the stock traded between $2.3 and $2.63. Trading activity significantly improved as the volume at ready counter increased to 18,765,615 shares versus 10,928,750 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 12,066,233 shares. The stock is now 24.88% above against its bear-market low of $2.05 on December 26, 2018. It has retreated -165.63% since it’s 52-week high of $6.8 reached in January. Now the market price is down -59.62% on the year and up 13.78% YTD.