|Bid||2.4100 x 36100|
|Ask||2.4400 x 29200|
|Day's Range||2.3900 - 2.5000|
|52 Week Range||2.0500 - 5.4000|
|Beta (3Y Monthly)||2.77|
|PE Ratio (TTM)||4.12|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.88|
Steel Earnings Start on a Somber Note with Steel Dynamics' Miss(Continued from Prior Part)US steel stocks US steel stocks are having a somber year so far. While the year started off well for steel stocks, they’ve seen selling pressures this month.
Cowen analyst Tyler Kenyon agrees that the risk-reward in steel stocks is more positive heading into first quarter earnings after the recent sell-off. Investors will be keen on commentaries from the rest of the steelmakers, as they report first quarter earnings, to see if the positive outlook is repeated elsewhere.
Steel Earnings Start on a Somber Note with Steel Dynamics' MissSTLD’s earnings On April 22, Steel Dynamics (STLD) released its first-quarter earnings results, becoming the first major steel company to report its quarterly performance. Nucor (NUE)
While Eastman Chemical (EMN) faces input cost pressure, it should gain from productivity actions and growth of high margin products in Q1.
How Wall Street Views Steel Stocks ahead of Their Q1 Results(Continued from Prior Part)AK Steel’s first-quarter earnings AK Steel (AKS) is expected to release its first-quarter earnings results on April 29 after the market closes. Last year was
How Wall Street Views Steel Stocks ahead of Their Q1 Results(Continued from Prior Part)Nucor’s first-quarter earnings Nucor (NUE) is expected to release its first-quarter earnings results on April 23. The company posted record earnings last year,
How Wall Street Views Steel Stocks ahead of Their Q1 ResultsSteel Dynamics’ first-quarter earningsSteel Dynamics (STLD) has scheduled the release of its first-quarter earnings results for April 22. The company expects its first-quarter EPS to be
Why Analysts Expect Alcoa’s Earnings to Fall Sharply in Q1(Continued from Prior Part)Steel Last year, alumina prices surged to record highs. US sanctions on RUSAL coupled with the closure of Norsk Hydro’s Alunorte refinery lifted alumina prices.
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?(Continued from Prior Part)China deal US steel stocks including U.S. Steel Corporation (X) and AK Steel (AKS) have taken a beating over the last year despite the Section 232 tariffs
China No Longer Seems to Be Biggest Concern for Global Economy(Continued from Prior Part)Metal investorsChina’s trade data is especially crucial for metal and mining investors (XME) given the country’s dominant share in global metal consumption.
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?US steelUS steel stocks were disappointing in 2018 despite the Section 232 tariffs. While Nucor (NUE) and Steel Dynamics (STLD) posted record earnings last year, the stocks ended the
WEST CHESTER, Ohio, April 15, 2019 -- AK Steel (NYSE: AKS) said today that longtime engineering employee, Laura Szpot, was recognized by the Manufacturing Institute as one of.
U.S. steel has benefited from government tariffs, and there could be big trouble if the tariffs end -- but it's bigger than just steel prices.
AK Steel (NYSE: AKS), the West Chester-based steelmaker, is one of the largest local companies — and also one of the few public companies in the Dayton region.
Shares of U.S. Steel Corp. tumbled 8.0% in midday trade Tuesday, after Credit Suisse analyst Curt Woodworth turned bearish on the steel maker, citing a weakening of its competitive position ahead of the coming "Sheet Tsunami." Woodworth cut his rating to underperform, after downgrading the stock to neutral from outperform in January. He slashed his price target to $13, which was 29% below current levels. Woodworth expects a "Sheet Tsunami" period in the U.S. from 2021 to 2022, when the next wave of low cost, hot-rolled coil (HRC) focused sheet supply is expected to ramp in the U.S., with HRC prices expected to fall to about $610 per ton from 2019/2020 assumptions of $700 per ton. Given the rise in unit costs the past several years, and the loss of automotive market share, U.S. Steel "is in a weaker competitive position" relative to its peers entering this period of lower pricing, Woodworth wrote in a note to clients. Meanwhile, shares of rival steelmakers also fell, just not as much, with AK Steel Holding Corp. down 3.1%, Nucor Corp. shedding 1.3%, Commercial Metals Co. losing 0.5% and Steel Dynamics Inc. giving up 1.9%. In comparison, the S&P 500 was slipped 0.3%.
AK Steel Holding Corp NYSE:AKSView full report here! Summary * Bearish sentiment is high * Economic output in this company's sector is contracting Bearish sentimentShort interest | NegativeShort interest is extremely high for AKS with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting AKS. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold AKS had net inflows of $2.19 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Key Updates on U.S. Steel’s Clairton Works Facility(Continued from Prior Part)Clairton Works fire In December, U.S. Steel Corporation (X) reported a fire incident at its Clairton Works coke facility that affected its pollution
Key Updates on U.S. Steel’s Clairton Works FacilityU.S. Steel CorporationEarlier this year, U.S. Steel Corporation (X) received an enforcement order from the ACHD (Allegheny County Health Department) about higher emissions from its Clairton Works
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We...