11.28 -0.06 (-0.53%)
After hours: 7:28PM EDT
|Bid||11.28 x 900|
|Ask||11.32 x 900|
|Day's Range||10.79 - 11.46|
|52 Week Range||5.60 - 13.10|
|Beta (3Y Monthly)||2.38|
|PE Ratio (TTM)||4.14|
|Earnings Date||Oct 18, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||0.05 (0.45%)|
|1y Target Est||13.33|
The iron ore producer's third-quarter results might have received some more attention were it not for Lourenco Goncalves' conference call comments.
Is the Sell-Off in US Steel Stocks Overdone? As we saw in the previous part of this series, U.S. Steel Corporation’s (X) valuation, based on its forward EV-to-EBITDA, looks attractive and is significantly lower than Nucor (NUE), ArcelorMittal (MT), and Cleveland-Cliffs (CLF). Now let’s see whether U.S. Steel Corporation could be a decent opportunity.
Cleveland-Cliffs' (CLF) pellet sales volume rose 10% year over year in Q3. For 2018, it continues to expect U.S. Iron Ore sales volume at 21 million long tons.
AK Steel (AKS) is expected to release its third-quarter earnings on October 25. In this part, we’ll discuss analysts’ projections for AK Steel’s third-quarter earnings.
U.S. stock futures are trading higher to open an earnings-filled week. Specifically, about 22.2 million calls and 23.6 million puts changed hands on the session. Cleveland Cliffs (NYSE:CLF) underwent a volatile trading session after its earnings release.
Shares of Cleveland-Cliffs Inc. fall more than 6% Friday after Chief Executive Lourenco Goncalves slams analysts during the mining company’s earnings call and appears to zero in on a Goldman Sachs analyst for most of his angry remarks.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Historically, Cleveland-Cliffs Inc (NYSE:CLF) has paid dividends to Read More...
The third-quarter earnings season is in full swing. Steel Dynamics and Nucor (NUE) have already released their third-quarter earnings. While Steel Dynamics managed to beat its consensus earnings estimates, Nucor’s third-quarter earnings fell short of the expectations. AK Steel (AKS) is scheduled to release its third-quarter earnings on October 25. U.S. Steel Corporation (X) and ArcelorMittal (MT) are scheduled to release their third-quarter earnings on November 1.
Is the Sell-Off in US Steel Stocks Overdone? To sum it up, concerns over China’s slowdown and falling steel prices have been playing heavily on investors’ minds. U.S. Steel Corporation (X) and AK Steel (AKS) have fallen 19.7% and 15%, respectively, this year.
Procter & Gamble (NYSE:PG) shares jumped on Friday, surging more than 8.5% after the company beat on earnings and revenue expectations. The move allowed PG stock to burst over two prior trend-lines — one downtrend and one uptrend. After a colorful conference call to say the least, Cleveland Cliffs (NYSE:CLF) is down about 5.5% Friday.
In an interview following the call, Mr. Goncalves said his anger toward Mr. Korn involved a research note the Goldman analyst published on Friday saying that Cleveland-Cliffs’s profit from continuing operations was 4 cents short of his estimates. Mr. Goncalves said the analyst used the wrong number of diluted shares in his calculations.
The company initiated a 20-cent per share quarterly dividend. During Friday’s conference call, Goncalves exclaimed that analysts and investors “can’t read numbers,” in light of the recent trend of betting against the company, according to a transcript from CNBC. You are an embarrassment to your parents,” Goncalves said on the call.
The US steel industry got a major reprieve after President Donald Trump slapped Section 232 tariffs on US steel imports. AK Steel (AKS) and Cleveland-Cliffs (CLF) praised the tariffs. But even after the tariffs, US steel companies may still be looking to the Trump administration for support.
Cleveland-Cliffs (CLF) released its third-quarter earnings today before the markets opened. Its revenue came in at $741.8 million, which was 24.3% higher YoY (year-over-year), beating analysts’ estimate of $732 million according to the consensus compiled by Thomson Reuters. In its second-quarter results, it beat the consensus estimate.
Cleveland-Cliffs (CLF) delivered earnings and revenue surprises of -3.03% and 2.67%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
CLEVELAND-- -- Net income increases 728 percent to $438 million Adjusted EBITDA increases 66 percent to $250 million Company begins cash dividend of $0.20 per share on an annualized basis, to be paid quarterly Cleveland-Cliffs Inc. today reported third-quarter results for the period ended September 30, 2018. The Company reported consolidated revenues of $742 million, compared to the prior year's third-quarter ...
Cleveland-Cliffs Inc (NYSE: CLF ) unveils its next round of earnings this Friday. Earnings and Revenue Cleveland-Cliffs earnings will be near 67 cents per share on sales of $722.31 million, according to ...
US steel stocks are having a terrible month, which has added to their woes. U.S. Steel Corporation (X) and AK Steel (AKS) have fallen 7.5% and 1.8%, respectively, this month. Nucor (NUE) has shed 6.9% of its market capitalization this month. Let’s look now at the various factors that are driving the recent slump in steel stocks.
US steel stocks, which have been subdued for the last few months, have seen fresh selling pressure this month. Earlier this week, Credit Suisse downgraded US steel stocks from “overweight” to “equal weight.” Several other brokerages have also taken a bearish view of US steel stocks.
The latest contract will cover around 1,800 USW-represented workers at Cleveland-Cliffs' (CLF) Michigan and Minnesota mining operations.
Cleveland-Cliffs (CLF) generated FCF of $182 million in 2017, which mostly went toward enhancing its core business, including its acquisition of the remaining minority interest in both the Tilden and Empire mines. According to the consensus compiled by Thomson Reuters, analysts expect Cliffs to generate FCF of $194 million in 2018, which implies growth of 6.5% YoY (year-over-year).
Cleveland-Cliffs (CLF) has come a long way with respect to its debt levels. The company’s change in management in 2014 and its focus on debt reduction have somewhat allayed investors’ concerns. During the Q2 2018 earnings call, Cleveland-Cliffs maintained that bringing its net debt below $1 billion is its second priority, after the focus on the HBI (hot-briquetted iron) plant.