Metallus (NYSE:MTUS – Get Free Report) released its earnings results on Monday. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02, Zacks reports. The company had revenue of $341.00 million during the quarter, compared to analysts’ expectations of $330.85 million. Metallus had a net margin of 0.24% and a return on equity of 2.96%.
Metallus Trading Up 1.8%
Shares of NYSE MTUS opened at $20.48 on Tuesday. The company has a 50 day simple moving average of $19.61 and a two-hundred day simple moving average of $18.72. The stock has a market cap of $852.75 million, a price-to-earnings ratio of 292.67, a PEG ratio of 1.59 and a beta of 1.36. Metallus has a 12 month low of $14.19 and a 12 month high of $21.74.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on MTUS. Zacks Research raised shares of Metallus from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings raised Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Metallus currently has an average rating of “Hold”.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. OpenArc Corporate Advisory LLC acquired a new stake in Metallus in the 4th quarter valued at $7,026,000. Ameriprise Financial Inc. raised its position in Metallus by 51.2% during the second quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock worth $10,099,000 after acquiring an additional 221,828 shares during the period. Invesco Ltd. raised its position in Metallus by 71.7% during the fourth quarter. Invesco Ltd. now owns 496,150 shares of the company’s stock worth $8,514,000 after acquiring an additional 207,227 shares during the period. Manatuck Hill Partners LLC purchased a new position in Metallus during the second quarter valued at $2,312,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Metallus by 17.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 881,941 shares of the company’s stock valued at $15,134,000 after purchasing an additional 130,752 shares during the period. 77.58% of the stock is currently owned by institutional investors and hedge funds.
About Metallus
Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.
Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.
Featured Stories
- Five stocks we like better than Metallus
- 3 Drone Stocks That Should Soar After the Summer Slump
- Tyson Foods Offers a Meaty Opportunity for Income Investors
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
Receive News & Ratings for Metallus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metallus and related companies with MarketBeat.com's FREE daily email newsletter.
