KeyCorp Weighs in on Metallus' FY2024 Earnings (NYSE:MTUS)

Metallus Inc. (NYSE:MTUS - Free Report) - KeyCorp issued their FY2024 earnings per share (EPS) estimates for Metallus in a research report issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs expects that the company will post earnings per share of $0.67 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 (NYSE:MTUS - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.15). Metallus had a net margin of 2.05% and a return on equity of 6.15%. The business had revenue of $227.20 million during the quarter, compared to the consensus estimate of $278.30 million. During the same quarter last year, the company posted $0.52 EPS.

Metallus Stock Up 3.4 %

Shares of MTUS traded up $0.50 during trading hours on Friday, hitting $15.31. The company had a trading volume of 294,817 shares, compared to its average volume of 302,908. The firm has a market cap of $650.48 million, a price-to-earnings ratio of 29.44, a PEG ratio of 1.01 and a beta of 1.39. The business has a fifty day moving average of $15.09 and a 200-day moving average of $16.13. Metallus has a 12 month low of $13.09 and a 12 month high of $24.31.

Hedge Funds Weigh In On Metallus

Several institutional investors and hedge funds have recently made changes to their positions in MTUS. FMR LLC acquired a new stake in Metallus in the 3rd quarter worth about $29,000. Farmers Trust Co. raised its position in shares of Metallus by 6.1% in the fourth quarter. Farmers Trust Co. now owns 43,550 shares of the company's stock valued at $615,000 after buying an additional 2,500 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Metallus in the third quarter valued at approximately $41,000. Huntington National Bank acquired a new stake in Metallus during the third quarter worth approximately $49,000. Finally, Exchange Traded Concepts LLC grew its position in Metallus by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 67,052 shares of the company's stock worth $947,000 after buying an additional 3,528 shares in the last quarter. Institutional investors and hedge funds own 77.58% of the company's stock.

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.