Universal Stainless & Alloy Products, Inc. (USAP) Expected to Post Q3 2017 Earnings of $0.18 Per Share

Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) – Analysts at KeyCorp issued their Q3 2017 EPS estimates for shares of Universal Stainless & Alloy Products in a report released on Monday. KeyCorp analyst P. Gibbs expects that the basic materials company will earn $0.18 per share for the quarter. KeyCorp also issued estimates for Universal Stainless & Alloy Products’ FY2017 earnings at $0.40 EPS.

Separately, Zacks Investment Research downgraded shares of Universal Stainless & Alloy Products from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th.

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Shares of Universal Stainless & Alloy Products (NASDAQ USAP) opened at 18.13 on Wednesday. The company has a 50 day moving average price of $18.68 and a 200 day moving average price of $17.49. The company’s market capitalization is $131.04 million. Universal Stainless & Alloy Products has a 1-year low of $9.13 and a 1-year high of $20.64.

Universal Stainless & Alloy Products (NASDAQ:USAP) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $52.60 million for the quarter, compared to the consensus estimate of $50.26 million. Universal Stainless & Alloy Products had a negative return on equity of 0.91% and a negative net margin of 1.20%. The company’s quarterly revenue was up 28.3% on a year-over-year basis.

Several institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its position in Universal Stainless & Alloy Products by 14.2% in the first quarter. Acadian Asset Management LLC now owns 31,513 shares of the basic materials company’s stock worth $534,000 after buying an additional 3,915 shares in the last quarter. Boston Partners increased its position in Universal Stainless & Alloy Products by 37.8% in the first quarter. Boston Partners now owns 115,908 shares of the basic materials company’s stock worth $1,970,000 after buying an additional 31,800 shares in the last quarter. Royce & Associates LP increased its position in Universal Stainless & Alloy Products by 108.9% in the first quarter. Royce & Associates LP now owns 29,700 shares of the basic materials company’s stock worth $505,000 after buying an additional 15,480 shares in the last quarter. Eidelman Virant Capital increased its position in Universal Stainless & Alloy Products by 1.6% in the second quarter. Eidelman Virant Capital now owns 103,753 shares of the basic materials company’s stock worth $2,023,000 after buying an additional 1,653 shares in the last quarter. Finally, Shufro Rose & Co. LLC acquired a new position in Universal Stainless & Alloy Products during the second quarter worth about $277,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.

About Universal Stainless & Alloy Products

Universal Stainless & Alloy Products, Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company’s manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.

Earnings History and Estimates for Universal Stainless & Alloy Products (NASDAQ:USAP)

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