Metallus (NYSE:MTUS) Announces Earnings Results

by · The Cerbat Gem

Metallus (NYSE:MTUS – Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05, FiscalAI reports. The company had revenue of $337.20 million during the quarter, compared to the consensus estimate of $345.15 million. Metallus had a net margin of 0.66% and a return on equity of 3.35%.

Metallus Stock Up 1.1%

NYSE MTUS traded up $0.23 on Monday, reaching $21.34. 350,873 shares of the stock traded hands, compared to its average volume of 372,751. The firm’s fifty day simple moving average is $19.79 and its 200 day simple moving average is $19.16. Metallus has a 12 month low of $14.19 and a 12 month high of $22.58. The company has a market cap of $884.75 million, a price-to-earnings ratio of 112.35, a P/E/G ratio of 1.72 and a beta of 1.36.

Insider Transactions at Metallus

In other Metallus news, EVP Kristine Syrvalin sold 5,000 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $21.12, for a total value of $105,600.00. Following the sale, the executive vice president directly owned 101,078 shares in the company, valued at approximately $2,134,767.36. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on MTUS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Metallus in a report on Wednesday, August 5th. Finally, Zacks Research upgraded Metallus from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on Metallus

About Metallus

(Get Free Report)

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.

Read More