Metallus (NYSE:MTUS) Issues Earnings Results, Beats Expectations By $0.02 EPS

Metallus (NYSE:MTUS) released its quarterly earnings data on Monday. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02, Zacks reports. Metallus had a return on equity of 3.35% and a net margin of 0.66%.The business had revenue of $261.40 million during the quarter, compared to analyst estimates of $330.85 million.

Metallus Stock Up 2.3%

Metallus stock traded up $0.49 during trading on Wednesday, hitting $22.05. The stock had a trading volume of 138,516 shares, compared to its average volume of 391,320. The stock has a market cap of $917.94 million, a price-to-earnings ratio of 315.05, a price-to-earnings-growth ratio of 1.62 and a beta of 1.36. Metallus has a 1 year low of $14.19 and a 1 year high of $22.58. The stock’s 50 day moving average is $19.64 and its two-hundred day moving average is $18.73.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MTUS shares. Zacks Research raised Metallus from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. KeyCorp reissued a “sector weight” rating on shares of Metallus in a research note on Wednesday. Finally, Weiss Ratings upgraded Metallus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Metallus has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank increased its holdings in Metallus by 2.6% during the 4th quarter. Swiss National Bank now owns 74,300 shares of the company’s stock valued at $1,275,000 after purchasing an additional 1,900 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Metallus in the third quarter worth about $33,000. Wexford Capital LP lifted its position in shares of Metallus by 2.0% in the third quarter. Wexford Capital LP now owns 105,543 shares of the company’s stock worth $1,745,000 after buying an additional 2,041 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Metallus by 3.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,294 shares of the company’s stock worth $1,138,000 after buying an additional 2,117 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Metallus by 3.2% in the 3rd quarter. Victory Capital Management Inc. now owns 72,500 shares of the company’s stock worth $1,198,000 after acquiring an additional 2,250 shares during the last quarter. Institutional investors own 77.58% of the company’s stock.

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.