|Bid||0.00 x 1100|
|Ask||0.00 x 3200|
|Day's Range||39.60 - 40.24|
|52 Week Range||36.44 - 52.10|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||7.29|
|Earnings Date||Jan 21, 2019 - Jan 25, 2019|
|Forward Dividend & Yield||0.75 (1.86%)|
|1y Target Est||52.14|
Steel Dynamics has been posting record results. That may continue for a little while, but don't forget that the industry it's in is highly cyclical.
Steel Dynamics (STLD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Tariffs seem to have the intended effect in the U.S. steel market, which is making life easier for the industry and leading to notable changes.
In this part, we’ll discuss steel companies’ third-quarter free cash flows. Free cash flow is operating cash flow minus capital expenditure. U.S. Steel (X) generated free cash flows of $164 million in the third quarter as compared to $219 million in the second quarter and $128 million in the third quarter of 2017.
In the previous article, we looked at steel companies’ third-quarter earnings and noted that steel companies posted record or near record earnings in the quarter. In this article, we’ll look at steel companies’ fourth-quarter guidance.
Higher steel prices have lifted US steel companies’ profitability this year. In this part, we’ll compare steel companies’ third-quarter adjusted EBITDA, which is the preferred profitability metric for steel companies (SPY).
Steel companies’ revenues are a function of average steel prices and shipments. In this part, we’ll compare steel companies’ third-quarter shipments.
Steel companies sounded upbeat about the US steel industry’s outlook during their third-quarter earnings calls. While Nucor (NUE), Steel Dynamics (STLD), and U.S. Steel Corporation (X) have announced share buybacks, Cleveland-Cliffs (CLF) has reinstated its dividend. Let’s see what leading steel companies said about the US steel industry’s health.
U.S. Steel Corporation (X) released its third-quarter earnings on November 1 after the markets closed. The company reported revenues of $3.73 billion in the third quarter—compared to revenues of $3.60 billion in the second quarter and $3.25 billion in the third quarter of 2017.
Nucor (NUE), the largest US-based steel producer, released its third-quarter earnings on October 18. The company reported revenues of $6.74 billion in the third quarter—compared to $6.46 billion in the second quarter and $5.17 billion in the third quarter of 2017.
Steel Dynamics (STLD) released its third-quarter earnings on October 17 and held its earnings call the next day. The company reported revenues of $3.22 billion in the third quarter—compared to $3.09 billion in the second quarter and $2.44 billion in the third quarter of 2017. The company generated an EPS of $1.69 in the third quarter. The company posted an EPS of $1.53 in the second quarter and $0.64 in the third quarter of 2017. Steel Dynamics posted a record adjusted EBITDA and operating income during the third quarter. ...
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As we noted in the previous part, U.S. Steel Corporation (X) announced a $300 million share buyback program during the third-quarter earnings release. Notably, life has come a full circle for U.S. Steel Corporation. The company raised cash by selling shares in 2016 to shore up its balance sheet.
During the third-quarter earnings release, U.S. Steel Corporation (X) announced a $300 million share buyback program. Steel Dynamics (STLD) and Nucor (NUE) also have share buyback programs in place. Cleveland-Cliffs (CLF) reinstated its dividend during its third-quarter earnings release.
U.S. Steel Corporation (X) released its third-quarter earnings on November 1. The company’s steel shipments were 3.94 million tons in the third quarter—similar to the sequential quarter. The company reported shipments of 3.79 tons in the third quarter of 2017. The company’s Flat-Rolled segment reported an average steel selling price of $859 per ton during the quarter—a sequential rise of 4.9%.
Cleveland-Cliffs’ (CLF) customers, including AK Steel (AKS) and ArcelorMittal, are directly affected by steel imports into the United States. As a result, investors should track this information to get a sense of CLF’s shipment outlook.
The third-quarter earnings season has almost ended for US (DIA) steelmakers. Cleveland-Cliffs (CLF) released its third-quarter earnings results before the market opened on October 19.
Steel prices are the key driver of steel companies’ earnings. We saw a sharp rally in US steel prices this year after Section 232 tariffs. Steel companies like Nucor (NUE) and Steel Dynamics (STLD) are posting record earnings amid higher US steel prices. AK Steel (AKS) also posted its highest third-quarter earnings in a decade. Cleveland-Cliffs (CLF) also benefits from higher US steel prices.
The remarks came during an unusual question-and-answer session with Trump’s top economic adviser, Larry Kudlow, at the White House. “One of the things I’m very proud of is the steel industry,” Trump told Kudlow. “The steel industry was dead.
In this part, we’ll see what AK Steel’s (AKS) management said in its 2019 outlook during the company’s third-quarter earnings call. First, the company expects higher costs for iron ore (CLF) and met coal—key steelmaking ingredients. The company has sealed its 2019 met coal supply contracts.
As we noted in the previous part, AK Steel’s (AKS) third-quarter earnings fell short of analysts’ estimates. The company’s shipment and average steel selling price growth, which are key metrics for steel companies, have lagged its peers like Nucor (NUE), Steel Dynamics (STLD), and U.S. Steel Corporation (X). Operational issues and a demand slowdown from the automotive sector had a negative impact on AK Steel’s shipment profile. Lower contract prices have been a headwind for average selling prices. ...
AK Steel (AKS) reported its third-quarter earnings on October 25 after the markets closed. The company held its earnings call the next day. AK Steel reported revenues of $1.74 billion in the third quarter. In comparison, the company posted revenues of $1.75 billion in the second quarter and $1.49 billion in the third quarter of 2017.
NEW YORK, Oct. 29, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.