The company’s market cap is $448.07 million.
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The company reported a second quarter net loss of $64 million during the period, or a loss of 36 cents per share on revenue of $1.69 billion. The stock has a 50-day moving average of $20.98 and a 200-day moving average of $23.44.
A number of research firms have recently commented on AKS.
Near term, Wall Street brokerage analysts are expecting AK Steel Holding Corporation (NYSE:AKS) to report earnings of $-0.39 per share for the fiscal quarter ending on 2015-06-30. Chief among these reasons are anticipated higher shipments, improving carbon steel spot market prices, increased production levels resulting in lower per ton operating costs, and the continuing benefit of lower raw materials costs, in particular, iron ore. AK Steel Holding Corporation (NYSE:AKS) has a 2.67 consensus analyst rating on the stock based on an arithmetical average of the 10 ratings given by the brokerage analysts covering the company. It will release guidance estimates for the third quarter in September.
Steel shipments rose to 1,811,700 tons in the most recent quarter from 1,750,500 tons sold in the beginning of the year, but the average selling price dropped 7 percent during that time, according to AK Steel. Vetr raised AK Steel Holding from a “buy” rating to a “strong-buy” rating and set a $6.08 price target for the company in a research note on Thursday, July 2nd. During the same quarter in the previous year, the company posted ($0.13) earnings per share.
Steel imports continued to decline in June, falling by 10.3 percent from May and 15.6 percent from a year earlier. In 2014, these countries exported more than $1.2 billion of cold-rolled steel to the United States. Finally, Jefferies Group reiterated a “hold” rating and set a $5.00 target price (up previously from $3.75) on shares of AK Steel Holding in a research report on Monday, May 4th. The stock now has a consensus rating of “Hold” and a consensus target price of $6.17. The Company’s operations consist primarily of nine steelmaking and finishing plants and tubular production facilities located in Indiana, Kentucky, Ohio and Pennsylvania. It also produces carbon and stainless steel that is finished into welded steel tubing.
AK Steel Holding Corporation (AK Holding) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company).
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The petition claims that steelmakers in Brazil, China, India, Japan, South Korea, Netherlands, Russian Federation and the United Kingdom dumped-or sold at unfair prices-cold-rolled steel, which is used in construction and to make appliances, automotive products and containers. In addition, the Company’s operations include European trading companies that buy and sell steel and steel products and other materials, AK Coal Resources, Inc.
