FY2024 Earnings Forecast for Metallus Issued By KeyCorp

Metallus Inc. (NYSE:MTUS) – Stock analysts at KeyCorp issued their FY2024 EPS estimates for Metallus in a research note issued to investors on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the company will post earnings of $0.67 per share for the year. The consensus estimate for Metallus’ current full-year earnings is $0.64 per share. KeyCorp also issued estimates for Metallus’ FY2025 earnings at $1.12 EPS.

Metallus Stock Up 3.4 %

Metallus stock opened at $15.31 on Friday. Metallus has a 12 month low of $13.09 and a 12 month high of $24.31. The stock has a market cap of $650.48 million, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.39. The business has a 50 day moving average price of $15.09 and a two-hundred day moving average price of $16.13.

Metallus (NYSE:MTUS) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.15). Metallus had a return on equity of 6.15% and a net margin of 2.05%. The company had revenue of $227.20 million for the quarter, compared to the consensus estimate of $278.30 million. During the same quarter in the previous year, the firm posted $0.52 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp bought a new position in shares of Metallus during the 3rd quarter worth about $32,439,000. Pacer Advisors Inc. acquired a new position in Metallus in the third quarter worth about $27,669,000. Systematic Financial Management LP bought a new position in Metallus during the third quarter worth about $16,359,000. Janus Henderson Group PLC acquired a new stake in Metallus during the third quarter valued at approximately $15,534,000. Finally, Royce & Associates LP acquired a new stake in Metallus during the third quarter valued at approximately $14,301,000. 77.58% of the stock is owned by institutional investors.

About Metallus

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.