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

Metallus (NYSE:MTUS) announced its earnings results on Monday. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02, Zacks reports. Metallus had a return on equity of 2.96% and a net margin of 0.24%.

Metallus Stock Up 1.8%

NYSE MTUS traded up $0.36 on Monday, reaching $20.48. The company had a trading volume of 299,192 shares, compared to its average volume of 389,613. The stock has a market capitalization of $852.71 million, a PE ratio of 292.67, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. Metallus has a 12 month low of $14.19 and a 12 month high of $21.74. The firm’s 50 day moving average price is $19.58 and its 200 day moving average price is $18.71.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTUS. Weiss Ratings raised shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Zacks Research upgraded shares of Metallus from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of Metallus by 71.7% in the fourth quarter. Invesco Ltd. now owns 496,150 shares of the company’s stock worth $8,514,000 after purchasing an additional 207,227 shares during the last quarter. VARCOV Co. bought a new position in Metallus during the fourth quarter valued at approximately $250,000. Man Group plc purchased a new position in Metallus during the 4th quarter valued at approximately $1,639,000. Balyasny Asset Management L.P. purchased a new position in Metallus during the 4th quarter valued at approximately $187,000. Finally, Guggenheim Capital LLC bought a new stake in Metallus in the 4th quarter worth approximately $306,000. Hedge funds and other 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.