Metallus (NYSE:MTUS – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05, FiscalAI reports. Metallus had a net margin of 1.90% and a return on equity of 3.78%. The company had revenue of $259.70 million during the quarter, compared to analysts’ expectations of $345.15 million.
Metallus Trading Down 10.6%
Shares of NYSE:MTUS traded down $2.09 during trading on Wednesday, hitting $17.60. 527,040 shares of the company were exchanged, compared to its average volume of 373,999. Metallus has a fifty-two week low of $14.19 and a fifty-two week high of $22.58. The stock has a market cap of $729.56 million, a price-to-earnings ratio of 32.02, a P/E/G ratio of 1.73 and a beta of 1.36. The firm has a fifty day moving average price of $19.84 and a two-hundred day moving average price of $19.17.
Insider Activity at Metallus
In other news, EVP Kristine Syrvalin sold 5,000 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $21.12, for a total value of $105,600.00. Following the completion of the sale, the executive vice president owned 101,078 shares of the company’s stock, valued at approximately $2,134,767.36. This represents a 4.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Metallus in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. Finally, Zacks Research raised Metallus from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Metallus
Metallus Company Profile
Metallus, Inc is a specialty metals manufacturer based in Canton, Ohio. The company produces alloy steel and other engineered materials for applications that require strength, durability, and precision. Its products are used in demanding industrial and transportation applications.
The company’s offerings include special bar quality steel, seamless mechanical tubing, and precision-engineered steel components. Metallus serves customers in markets such as automotive, aerospace and defense, energy, industrial equipment, and other manufacturing sectors.
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