|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's range||40.57 - 42.22|
|52-week range||35.48 - 52.10|
|Beta (3Y Monthly)||1.20|
|PE ratio (TTM)||9.26|
|Earnings date||17 Oct 2018|
|Forward dividend & yield||0.75 (1.77%)|
|1y target est||53.57|
Strong steel demand fundamentals, higher steel product pricing and significant metal spread expansion are likely to drive Steel Dynamics' (STLD) Q3 earnings.
Zacks.com featured highlights include: Huntington Ingalls, WellCare Health, Steel Dynamics, Nucor and CBRE
Nucor (NUE), the largest US-based steel producer, is scheduled to release its third-quarter earnings results on October 18. In this article, we’ll see how analysts are rating the stock ahead of its earnings release.
Steel Dynamics (STLD) has scheduled its third-quarter earnings release for October 17, and it will hold its earnings call the next day.
The third-quarter earnings season is fast approaching. Steel Dynamics (STLD) will be the first major steel company to release its quarterly performance on October 17. This release will be followed by Nucor’s (NUE) earnings release on October 18.
Steel Dynamics (STLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
An interest coverage ratio lower than one suggests that the company is unable to fulfill its interest obligations and could default on repaying debt.
The metals and mining industry has seen a lot of action in 2018. For steel and aluminum, President Trump’s Section 232 tariffs lifted US steel prices and physical aluminum premiums to multiyear highs. President Trump clamped down on US steel imports and other regions, especially the European Union, took measures to prevent import deflection after the US tariffs. However, steel prices have been quite resilient globally due to falling Chinese steel exports.
In the previous article, we noted that although the near-term outlook for US steel demand looks positive, rising interest rates might take a toll on steel demand from the construction and automotive sectors in the medium to long term. US steel production has picked up the pace after the implementation of President Trump’s Section 232 tariffs. The company also expects its production capacity to increase by ~1.0 million metric tons after it completes its asset revitalization plan.
In the final article in this series, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers (SLX). Among US (SPY) steel stocks (XME), U.S. Steel Corporation (X) and ArcelorMittal (MT) are trading at the lowest forward multiples of 3.4x and 4.1x, respectively. Cleveland-Cliffs, on the other hand, is trading at the highest multiple of 7.4x.
In the US steel sector, the demand for steel drives US steelmakers’ (SLX) revenues. As a result, investors who are interested in Cleveland-Cliffs (CLF) track US steel demand.
PPG Industries (PPG) has engineered polychromatic formulations with the aim to add heightened dimensions of brilliance and luster to metal-clad buildings.
In this article, we’ll look at some indicators of US steel demand (SPY). The construction and automotive sectors are leading steel users.
Cleveland-Cliffs' (CLF) latest contract agreement with the United Steelworkers (USW) will provide it a competitive cost structure.
US steel prices have risen sharply this year after the Section 232 tariffs. Companies like Nucor (NUE) and Steel Dynamics (STLD) are posting record earnings and rewarding shareholders with generous buybacks amid higher cash flows. Meanwhile, US steel prices have already come off their 2018 highs.
Increasing US steel production and the domestic steel industry’s rising capacity utilization rates were among the objectives that the Commerce Department wanted to achieve with its Section 232 tariffs. To be sure, the US steel industry’s capacity utilization rate jumped above 80% in the week ending September 8. However, after strong gains in steel production, we’ve seen the growth rates moderate slightly. Let’s discuss this in perspective.
Zacks.com featured highlights include: Steel Dynamics, Deckers, Nucor, CBRE and Huntington Ingalls
As we saw previously in this series, US steel prices are hovering near a decade high. Higher steel prices haven’t been accompanied by a similar surge in raw material prices. As a result, some US steel companies such as Nucor (NUE) and Steel Dynamics (STLD) are posting record earnings. Their earnings have also improved, and workers want a piece of the pie. Let’s look at that in perspective.
Six Months of Tariffs: Has US Steel Industry Bounced Back? The US steel industry has seen an increase in profitability this year as President Donald Trump’s Section 232 tariffs have raised US steel prices (DIA). Nucor (NUE) and Steel Dynamics (STLD) posted record earnings in the second quarter, and earnings are expected to rise even more in the third quarter.
Strong earnings outlook, upbeat prospects from the Vale Fertilizantes buyout and strong fundamentals drive Mosaic's (MOS) shares.