The mean price target for the shares of AK Steel Holding Corporation (NYSE:AKS)is at $4.42 while the highest price target suggested by the analysts is $7.00 and low price target is $2.00. The mean price target is calculated keeping in view the consensus of 12 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.53B by 9 analysts. The means estimate of sales for the year ending Dec 16 is 6.16B by 13 analysts.
The average estimate of EPS for the current fiscal quarter for AK Steel Holding Corporation (NYSE:AKS)stands at $-0.08 while the EPS for the current year is fixed at $0.02 by 14.00 analysts
The next one year’s EPS estimate is set at 0.32 by 15.00 analysts while a year ago the analysts suggested the company’s EPS at $0.02. The analysts also projected the company’s long-term growth at -11.78% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , AK Steel Holding Corporation (NYSE:AKS)reported earnings of $-0.08. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 20.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
AK Steel Holding Corporation (NYSE:AKS) traded down -5.61% during trading on Friday, hitting $5.28 . The stock had a trading volume of 20.8 M shares. The firm has a 50 day moving average of $4.21 and a 200-day moving average of $3.25. The stock has a market cap of $900.77M. On Jun 8, 2016 the shares registered one year high at $5.50 and the one year low was seen on Jan 20, 2016.
On May 23, 2016 AK Steel Holding Corporation (NYSE:AKS) Coshocton (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers’ Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Coshocton County Safety Council and Chamber of Commerce.
“We are honored to be recognized by the Ohio Bureau of Workers’ Compensation, Division of Safety and Hygiene,” said Roger K. Newport, Chief Executive Officer of AK Steel. “We congratulate our Coshocton Works employees for their outstanding safety performance. This achievement is a reflection of our culture of safety at AK Steel.”
AK Steel’s Coshocton Works received the “100% Award for Safety” for operating the entire year of 2015 without any lost-time injuries or illnesses. The plant also received a “Special Award for Safety” for operating 1,456,367 hours without a lost-time injury between April 23, 2014 and December 31, 2015. Coshocton Works received an Achievement Award for decreasing its incident rate by at least 25% from the previous year. Coshocton Works also received the “Group Safety Award” for having the lowest incident rate in the industrial group. AK Steel’s corporate-wide safety performance again led the steel industry by a wide margin for the full-year 2015.
AK Steel is a world leader in the production of flat-rolled carbon, stainless and electrical steel products, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. Headquartered in West Chester, Ohio (Greater Cincinnati), the company employs approximately 8,500 men and women at eight steel plants, two coke plants and two tube manufacturing plants across six states: Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.
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