|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||4.51 - 4.72|
|52 Week Range||4.00 - 6.88|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.60|
Nucor (NUE), the leading US-based steel producer, is scheduled to release its second-quarter earnings on July 19. AK Steel (AKS) has scheduled its second-quarter earnings release for July 30, while U.S. Steel Corporation’s (X) earnings are scheduled for August 1. ArcelorMittal (MT), the world’s largest steel producer, is expected to release its second-quarter earnings on August 1.
It is too early to assess which industries will suffer the most because of the trade war, but it can be safely said that domestic steelmakers stand to gain the most.
WEST CHESTER, Ohio, July 11, 2018-- AK Steel’ s Zanesville Works and Coshocton Works have been recognized for outstanding safety performance by the Ohio Bureau of Workers’ Compensation, Division of Safety ...
On July 9, Deutsche Bank downgraded AK Steel (AKS) from “buy” to “hold” and lowered its target price from $6 to $5. However, Deutsche maintained its “buy” rating on U.S. Steel Corporation (X). AK Steel fell sharply in early trade yesterday, recouped the losses, and closed with a marginal loss of 0.65%. Nucor (NUE) and ArcelorMittal (MT) closed with gains of 1.3% and 0.73%, respectively, on July 9.
AK Steel (AKS) counts automotive companies as its biggest end market. Nucor (NUE) has also been expanding its presence in the auto sheet market. ArcelorMittal (MT) is the leading steel supplier to automotive companies. Since US auto sales have moderated from their 2016 highs, there have been concerns about AK Steel’s outlook.
Among the analysts polled by Thomas Reuters on July 6, five analysts rate AK Steel (AKS) as a “buy,” six analysts rate it as a “hold,” and three analysts rate it as a “sell” or some equivalent. Notably, AK Steel has the lowest percentage of “buy” ratings among the steel stocks that we’re covering in this series.
The second-quarter earnings season is quickly approaching. Nucor (NUE) is expected to release its quarterly earnings on July 19. Steel Dynamics’ (STLD) second-quarter earnings are scheduled to be released on July 23. AK Steel (AKS) has scheduled its second-quarter earnings for July 30, while U.S. Steel Corporation’s (X) earnings are slated for August 1. The company would hold its second-quarter earnings call on August 2. ArcelorMittal (MT), the world’s largest steel producer, is expected to release its second-quarter earnings on August 1.
In this article, we’ll look at AK Steel’s (AKS) forward valuation multiples and compare them with other steel stocks’. AK Steel trades at a 2019 EV-EBITDA of 5.7x. U.S. Steel Corporation (X) and Nucor (NUE) have a 2019 EV-EBITDA of 4.05x and 6.59x, respectively. ArcelorMittal (MT), the world’s largest steel producer, has an EV-EBITDA of 4.49x its 2019 expected EBITDA.
Has AK Steel Stock Bottomed Out? As we noted previously in this series, AK Steel (AKS) has fallen sharply this year, and the stock is now trading at levels we saw before Donald Trump was elected as US president. In the previous part of this series, we looked at the different opportunities for AK Steel.
Shorting a sector like steel stocks may seems like a good idea on the surface these days given recent macro events and the cyclical nature of the industry. Reviewing the options market for AKS, in this steel stock purchasing the slightly out-of-the-money September $4 put for 25 cents looks attractive.
Has AK Steel Stock Bottomed Out? In the previous part of this series, we looked at some of the factors that have negatively affected AK Steel this year. AK Steel should see better average selling price growth next year as some of the automotive contracts roll over from January 1, 2019.
As we noted previously in this series, AK Steel (AKS) has underperformed some of the other steel stocks, like U.S. Steel Corporation (X) and Nucor (NUE). In this article, we’ll analyze what’s been weighing on AK Steel this year. Let’s begin by looking at AK Steel’s business model.
In this article, we’ll look at steel companies’ forward EV-to-EBITDA multiples. U.S. Steel Corporation (X) has the lowest 2018 EV-to-EBITDA multiple of 4.28x among the companies that we’re comparing in this article, and AK Steel (AKS) has the highest multiple of 6.14x.
AK Steel (AKS) is having a terrible year. Based on June 29 closing prices, the stock has lost 23.3% so far. Other US-based steel producers are also having a rough time. U.S. Steel Corporation (X) and Nucor (NUE) have lost 0.97% and 0.47%, respectively. Cleveland-Cliffs (CLF), which supplies iron ore to US-based steel producers, has gained 16.9%.
Investors in steel companies such as U.S. Steel Corporation (X) and AK Steel (AKS) should keep track of demand indicators. Over the long run, supply-demand dynamics tend to drive steel prices. The construction sector is the largest steel user.
As we saw in the previous part of this series, Cleveland-Cliffs (CLF) stock has seen stronger gains than its US steel peers in 2018. There are a few points that position Cliffs uniquely as compared to peers.
Four stocks have been lined up for observation, and they are: AK Steel Holding Corp. (NYSE: AKS), ArcelorMittal (NYSE: MT), Commercial Metals Co. (NYSE: CMC), and Companhia Siderurgica Nacional (NYSE: SID). West Chester, Ohio headquartered AK Steel Holding Corp.'s shares jumped 4.50%, finishing last Friday's session at $4.88.
AK Steel will also provide live listening access on the Internet to its earnings conference call to be held at 8:30 a.m. Eastern Time on Tuesday, July 31, 2018. Access to the webcast will be available from the home page of the company’s website at www.aksteel.com. Presentation slides will also be available on the webcast link and under the Investor Presentations section on the website. The webcast will be archived on the company’s website following the call for three months and will be accessible from the Investor News and Events section. AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, electrical power generation and distribution markets. Through its subsidiaries, the company also provides customer solutions with carbon and stainless steel tubing products, die design and tooling, and hot- and cold-stamped components. Headquartered in West Chester, Ohio (Greater Cincinnati), the company has approximately 9,200 employees at manufacturing operations in the United States, Canada and Mexico, and facilities in Western Europe. Additional information about AK Steel is available at www.aksteel.com.
Steel stocks fell yesterday, with U.S. Steel Corporation (X) and AK Steel (AKS) falling 2.7% and 2.0%, respectively, Nucor (NUE) falling 1.9%, and Steel Dynamics (STLD) falling 2.0%. The Dow Jones Industrial Average (DIA) fell 1.1%. US steel stocks are having a tough time this year despite Section 232 tariffs lifting benchmark hot rolled coil prices to a decade high.
Previously in this series, we’ve looked at Nucor’s (NUE) and Steel Dynamics’ (STLD) second-quarter earnings guidance. In this article, we’ll look at some recent analyst assessments.
In the previous article, we noted that AK Steel’s (AKS) second-quarter revenue estimates look conservative when looking at the company’s guidance. US steel prices are hovering at multiyear high levels. Higher steel prices and stable steel scrap prices are expected to boost the earnings of US steelmakers like Nucor (NUE) and Steel Dynamics (STLD) in the second quarter and beyond.
In this article, we’ll look at AK Steel’s (AKS) second-quarter earnings estimates and stack that against its guidance. While companies like Nucor (NUE) and U.S. Steel Corporation (X) provide quantitative earnings guidance, AK Steel gives broad qualitative guidance.
After touching $32 in February, shares of United States Steel Corporation (NYSE:X) were over $45 just a few weeks later. For 2019, analysts are looking for earnings to grow about 6% to $5.37-per-share.