|Bid||43.74 x 900|
|Ask||43.75 x 1100|
|Day's range||42.24 - 43.88|
|52-week range||32.20 - 52.10|
|PE ratio (TTM)||9.98|
|Earnings date||16 Oct 2018 - 22 Oct 2018|
|Forward dividend & yield||0.75 (1.67%)|
|1y target est||53.62|
As we noted previously, steel companies’ cash flows have improved amid higher steel prices (CLF). As cash flows increase, steel companies also face the question of capital allocation. Companies can return cash to shareholders in the form of dividends or share buybacks.
In this part, we’ll discuss steel companies’ second-quarter free cash flows. The free cash flow is the operating cash flow minus the capital expenditure. Free cash flows are a key metric for investors in capital-intensive industries like steel.
In the previous part, we discussed steel companies’ second-quarter earnings. In this part, we’ll see what different steel companies had to say about their third-quarter guidance during their second-quarter earnings call.
With the Section 232 tariffs, the US Department of Commerce is aiming to improve the domestic steel industry’s capacity utilization rate. While releasing its Section 232 recommendations, it noted, “The quotas or tariffs imposed should be sufficient, even after any exceptions (if granted), to enable US steel producers to operate at an 80 percent or better average capacity utilization rate based on available capacity in 2017.”
AK Steel’s (AKS) second-quarter EBITDA fell 11.4% YoY (year-over-year) to $148 million. AK Steel is the only company among the steel stocks that we’re covering in this series that has posted a yearly fall in its second-quarter EBITDA. U.S. Steel Corporation (X) posted an EBITDA of $451 million in the second quarter—compared to $255 million in the first quarter and $362 million in the second quarter of 2017. The company’s adjusted EBITDA rose 24.6% YoY. While U.S. ...
Previously in this series, we compared steel companies’ second-quarter shipments. In this part, we’ll look at their ASP (average selling price). The ASP is a key driver of steel companies’ performance. The ASP tends to impact companies’ profitability.
In the previous part, we discussed steel companies’ second-quarter shipments. In this part, we’ll see what could drive steel companies’ shipments in the third quarter and beyond.
Steel companies’ revenues are a function of average steel prices and shipments. So, steel investors should follow quarterly production and shipment data. In this part, we’ll compared steel companies’ second-quarter shipments.
The second-quarter earnings season is nearly over. All of the major US steel companies have released their second-quarter reports. To some extent, the second-quarter earnings season was similar to the first quarter. Nucor (NUE) and Steel Dynamics (STLD) posted better-than-expected earnings.
In this article, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers. We’ll also look at its forward EV-to-EBITDA (enterprise value-to-EBITDA) and PE multiples.
ArcelorMittal (MT), the world’s largest steel producer, released its second-quarter earnings on August 1. It reported revenues of $19.9 billion in the second quarter, compared to $19.2 billion in the first quarter.
Is Cleveland-Cliffs Well Placed amid Changing US Steel Dynamics? As a result, investors who are interested in Cleveland-Cliffs (CLF) track US steel demand. In this article, we’ll see how investors can track the demand for US steel by monitoring demand indicators.
NEW YORK, Aug. 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ING ...
Nucor (NUE), the largest US-based steel producer, released its second-quarter earnings on July 19. Nucor generated revenues of $6.46 billion in the second quarter, compared to $5.17 billion in the second quarter of 2017. Nucor posted EPS of $2.13 in the second quarter, compared to $1.10 in the first quarter and $1.00 in the second quarter of 2017.
The second-quarter earnings season is nearly over, and all major US steel companies have released their quarterly reports. The earnings season began on a positive note with Nucor’s (NUE) earnings beat. The tempo continued after Steel Dynamics’ (STLD) quarterly earnings also surpassed analysts’ expectations.
Zacks.com highlights: Steel Dynamics, Sprouts Farmers Market, Nucor, Big Lots and WellCare Health Plans
The scene is no different for other steel companies. Nucor (NUE) and Steel Dynamics (STLD) are trading with a modest YTD gain of 2.6% and 3.4%, respectively. AK Steel (AKS) has been among the worst performers in the steel space with a loss of 20.5%.
As we noted in the previous part, U.S. Steel Corporation (X) saw a selling spree after its second-quarter earnings release despite posting better-than-expected earnings and increasing its annual guidance. While U.S. Steel Corporation raised its 2018 earnings guidance, the company’s third-quarter guidance was lower than analysts’ expectations. However, there’s a silver lining in U.S. Steel Corporation’s 2018 guidance.