Metallus (NYSE:MTUS) Releases Earnings Results, Beats Expectations By $0.05 EPS

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

Metallus Trading Up 1.1%

MTUS traded up $0.23 on Monday, hitting $21.34. The company had a trading volume of 350,873 shares, compared to its average volume of 372,751. The firm has a market cap of $884.75 million, a P/E ratio of 112.35, a PEG ratio of 1.72 and a beta of 1.36. Metallus has a 1 year low of $14.19 and a 1 year high of $22.58. The company’s fifty day moving average price is $19.79 and its 200 day moving average price is $19.16.

Insider Buying and Selling

In other Metallus news, EVP Kristine Syrvalin sold 5,000 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $21.12, for a total transaction of $105,600.00. Following the completion of the transaction, the executive vice president owned 101,078 shares of the company’s stock, valued at $2,134,767.36. This trade represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.80% of the stock is owned by insiders.

Analysts Set New Price Targets

MTUS has been the topic of several recent analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Metallus in a report on Wednesday, August 5th. Zacks Research upgraded shares of Metallus from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Metallus in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Metallus presently has an average rating of “Moderate Buy”.

Metallus Company Profile

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.