Metallus (NYSE:MTUS) Shares Gap Down After Earnings Miss

Metallus Inc. (NYSE:MTUS) shares gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $19.58, but opened at $18.39. Metallus shares last traded at $17.89, with a volume of 21,877 shares.

The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.24). Metallus had a return on equity of 13.06% and a net margin of 5.81%. The firm had revenue of $294.70 million for the quarter, compared to analysts’ expectations of $320.37 million. During the same quarter last year, the firm posted $0.60 earnings per share. Metallus’s quarterly revenue was down 17.4% on a year-over-year basis.

Insiders Place Their Bets

In other Metallus news, CEO Michael S. Williams sold 28,907 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $24.09, for a total transaction of $696,369.63. Following the completion of the sale, the chief executive officer now directly owns 636,225 shares in the company, valued at approximately $15,326,660.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Kristopher R. Westbrooks sold 2,310 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $23.02, for a total value of $53,176.20. Following the completion of the sale, the chief financial officer now directly owns 181,242 shares in the company, valued at $4,172,190.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Williams sold 28,907 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $24.09, for a total value of $696,369.63. Following the completion of the sale, the chief executive officer now owns 636,225 shares of the company’s stock, valued at $15,326,660.25. The disclosure for this sale can be found here. In the last three months, insiders sold 60,888 shares of company stock worth $1,432,330. Corporate insiders own 3.70% of the company’s stock.

Metallus Price Performance

The firm has a market cap of $773.25 million, a P/E ratio of 10.51, a PEG ratio of 0.73 and a beta of 1.43. The business has a 50-day moving average of $21.14.

Metallus Company Profile

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.