Metallus (NYSE:MTUS) Posts Quarterly Earnings Results, Misses Estimates By $0.23 EPS

Metallus (NYSE:MTUS) announced its quarterly earnings data on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.23), Zacks reports. Metallus had a negative net margin of 0.73% and a positive return on equity of 2.94%. The business had revenue of $267.30 million during the quarter, compared to analyst estimates of $290.83 million.

Metallus Trading Down 13.8%

Shares of MTUS traded down $2.89 on Friday, reaching $18.05. The company’s stock had a trading volume of 158,262 shares, compared to its average volume of 363,005. Metallus has a twelve month low of $10.78 and a twelve month high of $21.73. The stock has a market capitalization of $751.57 million, a PE ratio of -95.63, a PEG ratio of 1.24 and a beta of 1.48. The firm has a fifty day moving average of $19.43 and a 200-day moving average of $17.62.

Insider Buying and Selling

In other news, COO Kristopher R. Westbrooks sold 2,128 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $21.28, for a total value of $45,283.84. Following the completion of the sale, the chief operating officer directly owned 189,076 shares of the company’s stock, valued at $4,023,537.28. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 16,104 shares of company stock worth $328,592. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Metallus

Several hedge funds have recently modified their holdings of MTUS. OpenArc Corporate Advisory LLC bought a new position in shares of Metallus in the fourth quarter valued at approximately $7,026,000. Ameriprise Financial Inc. boosted its position in Metallus by 51.2% in the second quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock worth $10,099,000 after purchasing an additional 221,828 shares during the last quarter. Invesco Ltd. grew its stake in Metallus by 71.7% in the 4th quarter. Invesco Ltd. now owns 496,150 shares of the company’s stock valued at $8,514,000 after purchasing an additional 207,227 shares during the period. Manatuck Hill Partners LLC bought a new position in Metallus in the 2nd quarter valued at $2,312,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Metallus by 17.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 881,941 shares of the company’s stock valued at $15,134,000 after purchasing an additional 130,752 shares during the last quarter. Institutional investors own 77.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MTUS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Zacks Research raised shares of Metallus from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Wall Street Zen raised shares of Metallus from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $24.00.

About Metallus

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.