KeyCorp Estimates Metallus’ FY2024 Earnings (NYSE:MTUS)

Metallus Inc. (NYSE:MTUS) – Analysts at KeyCorp issued their FY2024 earnings per share (EPS) estimates for Metallus in a research note issued to investors on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts 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 issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company earned $0.52 EPS.

Metallus Price Performance

MTUS opened at $15.31 on Friday. The company’s 50 day simple moving average is $15.09 and its 200-day simple moving average is $16.13. Metallus has a one year low of $13.09 and a one year high of $24.31. The stock has a market capitalization of $650.48 million, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.39.

Institutional Investors Weigh In On Metallus

A number of institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC bought a new stake in Metallus during the 3rd quarter worth about $29,000. Farmers Trust Co. lifted its holdings in 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 during the period. Mark Sheptoff Financial Planning LLC bought a new position in Metallus in the third quarter valued at approximately $41,000. Huntington National Bank acquired a new stake in Metallus during the 3rd quarter worth $49,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Metallus by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 67,052 shares of the company’s stock valued at $947,000 after acquiring an additional 3,528 shares during the last quarter. 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.