Revenue Update on AK Steel Holding Corporation(NYSE:AKS)

AK Steel Holding Corporation(NYSE:AKS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $1.49B. Analysts estimated a revenue of $1.53B. Earnings per share were $0.08. Analysts had estimated an EPS of $-0.03.

In a different note, On Jul 13, 2016, Barclays said it Maintains its rating on AK Steel Holding Corporation. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 10, 2016, Jefferies said it Maintains its rating on AK Steel Holding Corporation. In the research note, the firm Raises the price-target to $4.25 per share. The shares have been rated ‘Hold’ by the firm. On Jun 8, 2016, Credit Suisse said it Upgrades its rating on AK Steel Holding Corporation. In the research note, the firm Raises the price-target to $3.50 per share. The shares have been rated ‘Outperform’ by the firm.

AK Steel Holding Corporation (AKS) made into the market gainers list on Fridays trading session with the shares advancing 0.92% or 0.06 points. Due to strong positive momentum, the stock ended at $6.56, which is also near the day’s high of $6.65. The stock began the session at $6.48 and the volume stood at 94,71,741 shares. The 52-week high of the shares is $7.09 and the 52 week low is $1.64. The company has a current market capitalization of $1,170 M and it has 17,83,70,180 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2015, Roger K Newport (CFO) purchased 5,000 shares at $3.12 per share price.Also, On Aug 3, 2015, Gregory A Hoffbauer (Controller & Chief Acct. Off.) purchased 2,200 shares at $3.35 per share price.On Aug 3, 2015, Vicente Wright (director) purchased 30,000 shares at $3.41 per share price, according to the Form-4 filing with the securities and exchange commission.

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). The operations of the Company and its wholly owned subsidiaries consist primarily of eight steelmaking and finishing plants two coke plants and two tube manufacturing plants across six states which include Indiana Kentucky Michigan Ohio Pennsylvania and West Virginia. These operations produce flat-rolled carbon steels including coated cold-rolled and hot-rolled carbon steel products and specialty stainless and electrical steels that are sold in sheet and strip form as well as carbon and stainless steel that is finished into welded steel tubing. These products are sold to the automotive infrastructure and manufacturing and distributors and converters markets.

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