|Bid||34.00 x 800|
|Ask||41.03 x 1800|
|Day's range||40.48 - 41.71|
|52-week range||35.80 - 52.10|
|Beta (3Y Monthly)||1.20|
|PE ratio (TTM)||9.34|
|Earnings date||16 Oct 2018 - 22 Oct 2018|
|Forward dividend & yield||0.75 (1.85%)|
|1y target est||53.07|
Cleveland-Cliffs (CLF) released its third-quarter earnings today before the markets opened. Its revenue came in at $741.8 million, which was 24.3% higher YoY (year-over-year), beating analysts’ estimate of $732 million according to the consensus compiled by Thomson Reuters. In its second-quarter results, it beat the consensus estimate.
In March, President Donald Trump imposed a 25% tariff on US steel imports, acting on the United States Department of Commerce’s Section 232 investigation. With the tariffs, the US steel industry’s capacity utilization rate was expected to rise above 80%.
Weakening oil prices and mixed early earnings news sent stocks lower at Thursday's open, but Nike, Walgreens and Alcoa posted early gains.
In this part of our series, we’ll look at Cleveland-Cliffs’s (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) multiples.
Steel Dynamics (STLD) delivered earnings and revenue surprises of 2.42% and 1.84%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Fort Wayne, Indiana-based company said it had profit of $1.69 per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was ...
Analysts’ EBITDA estimates reflect their expectations for a company’s future profitability. Analysts usually derive these estimates from revenue projections, margin assumptions, or cost projections.
Cleveland-Cliffs (CLF) stock has received six upgrades (including initiations) and just one downgrade in 2018 so far.
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.