What is KeyCorp’s Forecast for Metallus FY2024 Earnings?

Metallus Inc. (NYSE:MTUS) – Stock analysts at KeyCorp issued their FY2024 earnings per share estimates for Metallus in a research report issued to clients and investors on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates 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) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.15). The business had revenue of $227.20 million during the quarter, compared to the consensus estimate of $278.30 million. Metallus had a return on equity of 6.15% and a net margin of 2.05%. During the same quarter in the previous year, the company earned $0.52 earnings per share.

Metallus Stock Performance

Shares of NYSE:MTUS opened at $14.82 on Friday. The firm has a market cap of $629.70 million, a price-to-earnings ratio of 28.50, a P/E/G ratio of 1.01 and a beta of 1.39. The firm has a fifty day moving average price of $15.07 and a 200 day moving average price of $16.16. Metallus has a fifty-two week low of $13.09 and a fifty-two week high of $24.31.

Institutional Trading of Metallus

Several hedge funds have recently bought and sold shares of MTUS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Metallus in the third quarter worth $1,104,000. Geode Capital Management LLC bought a new stake in shares of Metallus in the 3rd quarter worth about $13,888,000. Principal Financial Group Inc. purchased a new stake in shares of Metallus during the 3rd quarter valued at about $2,956,000. State Street Corp bought a new position in shares of Metallus in the 3rd quarter valued at about $32,439,000. Finally, Barclays PLC purchased a new position in Metallus in the third quarter worth about $1,031,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Company Profile

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.