AK Steel (AKS) Stock Slumping on Second Quarter Earnings Guidance

NEW YORK (TheStreet) -- AK Steel Holding Corp. (AKS) stock is declining by 2.87% to $4.57 in late morning trading on Monday, after the steel and aluminum producing company issued guidance for the 2015 second quarter and is expecting an earnings loss wider than analysts had forecast.

For the second quarter AK Steel said it will report a net loss of 37 cents per diluted share to a loss of 42 cents per diluted share.

Analysts polled by Thomson Reuters are expecting a loss of 27 cents per share for the second quarter.

"The company's expected second quarter results continued to be negatively impacted by lower carbon steel prices due to the continued high level of what the company believes are unfairly traded imports," AK Steel said in a statement.

AK Steel is a West Chester, OH.-based integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products.

Separately, TheStreet Ratings team rates AK STEEL HOLDING CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate AK STEEL HOLDING CORP (AKS) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

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