33.97 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||33.97 x 1200|
|Ask||34.89 x 1000|
|Day's Range||33.89 - 35.46|
|52 Week Range||28.91 - 52.10|
|Beta (3Y Monthly)||1.82|
|PE Ratio (TTM)||6.35|
|Earnings Date||Apr 16, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||0.96 (2.68%)|
|1y Target Est||41.46|
‘Steelmageddon’: Are Steel Bears Getting It Wrong Once Again?Steel bears Bank of America Merrill Lynch released a bearish note on the US steel industry, citing capacity additions among domestic steel companies. Using the
Steel Dynamics (STLD) expects earnings for Q1 in the band of 88-92 cents per share, lower than 96 cents per share it earned a year ago.
New U.S. steel capacity will swamp the market and drag on steelmakers' profit margins, Bank of America Merrill Lynch says.
Are US Steel Stocks a 'Sell' after Disappointing Q1 Guidance?Steel stocksToday, Steel Dynamics (STLD) released its first-quarter earnings guidance. The company expects its first-quarter EPS to be between $0.88 and $0.92. It posted EPS of $1.17 in
Shares of Steel Dynamics Inc. slipped 0.3% in premarket trade Monday, after the steel producer indicated first-quarter earnings would decline from a year ago, compared with expectations of an increase, citing lower earnings from its sheet operations. The company expects EPS of 88 cents to 92 cents, down from 96 cents a year ago, and compared with the FactSet EPS consensus was $1.06. Steel Dynamics said, however, that recent increases in sheet steel prices are having a positive impact on results. Steel Dynamics' earnings outlook comes after fellow steel producer Nucor Corp. provided a downbeat earnings outlook on Friday, but said it believed sheet pricing "reached a low point" during the quarter. Steel Dynamics' stock, which fell 3.8% on Friday, has rallied 17% year to date while the S&P 500 has gained 13%.
FORT WAYNE, Ind., March 18, 2019 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2019 earnings guidance in the range of $0.88 to $0.92 per diluted share. Comparatively, the company's sequential fourth quarter 2018 earnings were $1.17 per diluted share and prior year first quarter earnings were $0.96 per diluted share. Fourth quarter 2018 results included additional company-wide performance-based compensation of $0.04 per diluted share and lower earnings of $0.10 per diluted share, associated with planned maintenance outages at the company's liquid pig iron production facility and its two flat roll steel mills.
Several U.S. steel company shares could rally along with a rise in the commodity's price, according to an article in Barron's that also urged caution on the stocks because of historical volatility. The price of steel has climbed to $703 per net ton, and some analysts expect it to reach near $800 or above in the next year, according to Barron's. The article pointed U.S. Steel Corp as the pick among big producers but urged investors to stick with a one-year time horizon and to watch steel and iron prices.
Steel giant Nucor guided low on Q1 earnings Friday due to lower prices and margins in the sheet mill group.
How to Play AK Steel amid High Volatility(Continued from Prior Part)AK Steel In this series, we’ve looked at some of the challenges facing AK Steel (AKS), as well as some of its drivers. However, we need to understand a couple of things. First, the
How to Play AK Steel amid High VolatilityAK Steel AK Steel (AKS) is among the most volatile steel stocks, with a three-year beta of 3.2x. Although steel and the broader metals and mining space (XME) have never been known for low volatility, AK Steel
Today we are going to look at Steel Dynamics, Inc. (NASDAQ:STLD) to see whether it might be an attractive investment prospect. Specifically, we'll consider its Return On Capital Employed (ROCE),Read More...
President Trump’s Section 232 Tariffs Could Face a Big TestPresident TrumpOver a year ago, President Trump announced the Section 232 tariffs on US steel and aluminum imports. Canada, Mexico, and the European Union were temporarily exempt from the
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)Tariffs For AK Steel (AKS), among the analysts surveyed by Reuters on March 8, two recommended a “buy,” ten recommended a “hold,” and three recommended a
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)Nucor For Nucor (NUE), among the analysts polled by Thomas Reuters on March 8, four recommended a “strong buy,” eight recommended a “buy,” and three
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)Steel Dynamics For Steel Dynamics (STLD), among the analysts polled by Thomas Reuters on March 8, three recommended a “strong buy,” seven recommended a
How Analysts View Steel Stocks a Year after Trump’s TariffsSteel stocksOn March 8, 2018, President Trump announced tariffs on US steel imports under Section 232 of the Trade Expansion Act of 1962. The tariffs became effective on March 23. There
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?(Continued from Prior Part)Analysts’ recommendationsIn the past year, analysts’ sentiment for Cleveland-Cliffs (CLF) has improved. Compared to 58% “buy” recommendations currently,
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?(Continued from Prior Part)Vale’s dam burst On January 25, a major disaster struck Vale (VALE) when a dam burst at one of its iron ore mine sites in Minas Gerais in Brazil (EWZ). At
China’s February Trade Data Compounded Slowdown Fears(Continued from Prior Part)Chinese steel exportsChina is the world’s largest steel exporter. However, after peaking in 2015, Chinese steel exports have shown a secular decline. Over the past
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?(Continued from Prior Part)US steel productionMajor US steelmakers are Cleveland-Cliffs’ (CLF) customers. Domestic steel demand is one of the steelmakers’ major demand drivers. The
What's Changed after a Year of Trump’s Metal Tariffs?(Continued from Prior Part)US steel companies US steel companies reported a sharp increase in their cash flows last year as Section 232 tariffs led to higher earnings. Nucor’s (NUE) operating
What's Changed after a Year of Trump’s Metal Tariffs?(Continued from Prior Part)TariffsThe first anniversary of Section 232 aluminum and steel tariffs will happen later this month. Over the last year, there have been some changes in the tariffs.
While Trump tariffs boosted earnings of U.S. steel makers in 2018, the recent weakness in U.S. steel prices spells problem for the American steel industry.