What is KeyCorp’s Estimate for Metallus FY2024 Earnings?

Metallus Inc. (NYSE:MTUS) – Research analysts at KeyCorp issued their FY2024 EPS estimates for shares of Metallus in a report released on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the company will post earnings of $0.67 per share 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 Stock Performance

Shares of NYSE:MTUS opened at $15.31 on Friday. The company has a market cap of $650.48 million, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.39. The firm has a 50 day simple moving average of $15.09 and a 200 day simple moving average of $16.11. Metallus has a 52 week low of $13.09 and a 52 week high of $24.31.

Metallus (NYSE:MTUS) last released 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 company had revenue of $227.20 million during the quarter, compared to analyst estimates of $278.30 million. During the same quarter last year, the business earned $0.52 EPS.

Institutional Trading of Metallus

Several institutional investors have recently bought and sold shares of MTUS. Exchange Traded Concepts LLC boosted its stake in shares of Metallus by 5.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 67,052 shares of the company’s stock valued at $947,000 after purchasing an additional 3,528 shares in the last quarter. Farmers Trust Co. boosted its position 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 in the last quarter. Principal Financial Group Inc. bought a new stake in Metallus during the third quarter worth about $2,956,000. Franklin Resources Inc. acquired a new stake in shares of Metallus during the third quarter worth approximately $178,000. Finally, Barclays PLC bought a new position in shares of Metallus in the third quarter valued at approximately $1,031,000. 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.