Analysts Anticipate Universal Stainless & Alloy Products (USAP) to Announce $0.30 EPS

Universal Stainless & Alloy Products (NASDAQ:USAP) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $21.00 for the company and are forecasting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Universal Stainless & Alloy Products an industry rank of 215 out of 256 based on the ratings given to related companies.

Several equities analysts have issued reports on the company. ValuEngine lowered Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Zacks Investment Research raised Universal Stainless & Alloy Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Finally, Cowen reissued a “buy” rating and issued a $20.00 price target on shares of Universal Stainless & Alloy Products in a research note on Wednesday, January 23rd.

In other Universal Stainless & Alloy Products news, Chairman Dennis M. Oates purchased 3,822 shares of the company’s stock in a transaction on Monday, February 11th. The shares were purchased at an average cost of $15.70 per share, with a total value of $60,005.40. Following the completion of the purchase, the chairman now owns 100,536 shares in the company, valued at $1,578,415.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders acquired 4,968 shares of company stock worth $77,998. Insiders own 7.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its position in shares of Universal Stainless & Alloy Products by 322.9% during the first quarter. BNP Paribas Arbitrage SA now owns 1,776 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,356 shares during the period. Wells Fargo & Company MN raised its position in shares of Universal Stainless & Alloy Products by 49.6% during the third quarter. Wells Fargo & Company MN now owns 10,935 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 3,625 shares during the period. Rhumbline Advisers acquired a new position in shares of Universal Stainless & Alloy Products during the fourth quarter worth approximately $186,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Universal Stainless & Alloy Products during the fourth quarter worth approximately $229,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Universal Stainless & Alloy Products during the first quarter worth approximately $270,000. 87.97% of the stock is currently owned by hedge funds and other institutional investors.

Universal Stainless & Alloy Products stock opened at $14.54 on Friday. The company has a current ratio of 3.73, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $126.23 million, a P/E ratio of 11.92 and a beta of 1.38. Universal Stainless & Alloy Products has a one year low of $14.11 and a one year high of $30.91.

Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.10). Universal Stainless & Alloy Products had a net margin of 3.87% and a return on equity of 3.93%. The business had revenue of $60.27 million during the quarter, compared to analyst estimates of $65.41 million. Equities analysts predict that Universal Stainless & Alloy Products will post 1.27 earnings per share for the current fiscal year.

Universal Stainless & Alloy Products Company Profile

Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

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