|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||63.00 - 65.22|
|52-week range||51.67 - 70.48|
|PE ratio (TTM)||15.51|
|Earnings date||18 Apr 2018 - 23 Apr 2018|
|Forward dividend & yield||1.52 (2.47%)|
|1y target est||75.36|
Steel Dynamics (STLD) released its 1Q18 earnings on April 18, 2018. Nucor (NUE) is scheduled to release its 1Q18 earnings on April 19. U.S. Steel Corporation (X) and AK Steel (AKS) are slated to release their financial results on April 30. ArcelorMittal’s (MT) 1Q18 earnings are scheduled for May 11. In this part, we’ll discuss Steel Dynamics’ 1Q18 earnings.
Nucor sees sustainable strength in steel markets but isn't happy about the breadth of tariff exemptions granted by President Trump.
The average sales price per ton of steel rose 9% for Nucor during the first quarter compared with the prior year. Nucor, the largest U.S.-based steelmaker, also set a bullish outlook for the current quarter as the company prepares to compete in what it considers a more equal playing field. Earlier this year, Nucor warned investors that sales growth might be offset by higher scrap prices, but the company said Thursday it now expects rising input costs to be passed on to customers after tariffs on imported steel and aluminum from countries excluding Canada and Mexico were implemented last month.
Shares of Nucor Corp. swung to a decline of 1.3% in premarket trade Thursday, after the steel products maker reported first-quarter results, while cheering the price increases resulting from tariffs announced ...
The Charlotte, North Carolina-based company said it had profit of $1.10 per share. Earnings, adjusted for non-recurring costs, were $1.17 per share. The results surpassed Wall Street expectations. The ...
CHARLOTTE, N.C. , April 19, 2018 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today consolidated net earnings of $354.2 million , or $1.10 per diluted share, for the first quarter of 2018. By ...
Iron ore and steel scrap are the key steelmaking raw materials. In the United States, steel prices and scrap prices tend to move in tandem. On the other hand, Chinese steel and seaborne iron ore prices usually mirror each other.
Alcoa reported strong earnings and blowout guidance late Wednesday after the aluminum giant's stock broke out ahead of results. Steel Dynamics also topped views, with Nucor due early Thursday.
CHARLOTTE, N.C. , April 18, 2018 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) first quarter earnings release, you are invited to listen to its live conference call with host John Ferriola , ...
Here's your Investing Action Plan for Thursday: earnings galore from Atlassian, E-Trade, Skechers, Nucor and Taiwan Semiconductor.
President Trump finalized the Section 232 tariffs in March and imposed a 25% tariff on steel and a 10% tariff on aluminum imports. Initially, President Trump indicated that there would be no country exemptions from the tariffs. US steel producers like U.S. Steel Corporation (X), AK Steel (AKS), and Nucor (NUE) rallied smartly as investors expected the Section 232 tariffs to lead to a sustainable fall in US steel imports.
US steel prices have risen sharply this year. Benchmark HRC (hot-rolled coil) prices are currently in the ballpark of $850 per ton, according to the data compiled by SteelBenchmarker. While there are several grades of steel products, HRC prices serve as a benchmark to gauge steel pricing environment.
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Let’s use EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) to value Cleveland-Cliffs (CLF) in relation to its peers and its historical multiples. Among Cliffs’ US steel peers, U.S. Steel Corporation (X) is trading at the lowest forward multiple of 4.5x, while Nucor (NUE) is trading at the highest multiple of 6.9x.
Nucor (NUE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Nucor Corporation (NUE) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
With the Section 232 tariffs, the US Commerce Department intends to improve the domestic steel industry’s capacity utilization rate. The US steel industry has operated at a capacity use ratio below 80% since November 2014. Low capacity use could be due to higher imports. US steel producers, including AK Steel (AKS), had to shut down some of their plants and curtail production in response to high import penetration levels. However, we’ve seen some respite from steel imports in February. Imports could fall further after the Section 232 tariffs. ...
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Cleveland-Cliffs (CLF) has accumulated debt over a number of years. In this context, we’ll discuss Cleveland-Cliffs’ ability to generate FCF (free cash flow).
With Nucor scheduled to report on Apr 19 and U.S. Steel reporting on Apr 26, its a good time to consider which is a better stock.
The 1Q18 earnings season is in full swing now. Steel Dynamics is expected to release its 1Q18 earnings on April 18, which would be followed by Nucor’s (NUE) earnings release on the next day. AK Steel (AKS) and U.S. Steel Corporation (X) are scheduled to release their 1Q18 results on April 30. ArcelorMittal (MT) has scheduled its 1Q18 earnings release for May 11.
Analysts’ EBITDA (earnings before interest, tax, depreciation, and amortization) estimates reflect expectations of a company’s future profitability. Analysts usually derive these estimates from revenue projections, margin assumptions, or cost projections.
Mr. Darsey began his career with Nucor in 1979 as Design Engineer at Vulcraft-Texas. He was promoted to Engineering Manager of Vulcraft-Utah in 1986 and served in the same role at Vulcraft-Texas from 1987 to 1995. Mr. Darsey was promoted to General Manager of Vulcraft-Texas in 1995 and later served as General Manager of Nucor Steel-Texas from 1999 to 2007. He was elected Vice President of Nucor in 1996 and became President of the Vulcraft/Verco Group in 2007. Mr. Darsey was promoted to Executive Vice President of Bar Products in 2010. He later served as EVP of Merchant and Rebar Products and most recently as EVP of Raw Materials.