|Bid||63.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||63.78 - 64.64|
|52 Week Range||51.67 - 70.48|
|PE Ratio (TTM)||15.65|
|Earnings Date||Jul 19, 2018|
|Forward Dividend & Yield||1.52 (2.37%)|
|1y Target Est||77.77|
Previously in this series, we looked at Nucor’s (NUE) second-quarter earnings estimate. In this part, we’ll look at some key updates the markets should watch in Nucor’s second-quarter earnings call. US steel prices have spiked to multiyear highs this year as Section 232 tariffs have boosted US steel producers’ pricing power.
Nucor’s (NUE) second-quarter earnings are expected on July 19. Let’s see what analysts are projecting for the company’s second-quarter earnings and stack that against its guidance. Other steel companies, including U.S. Steel Corporation (X) and AK Steel (AKS), are also expected to post higher revenues in the second quarter.
Nucor (NUE), the leading US-based steel producer, is scheduled to release its second-quarter earnings on July 19. AK Steel (AKS) has scheduled its second-quarter earnings release for July 30, while U.S. Steel Corporation’s (X) earnings are scheduled for August 1. ArcelorMittal (MT), the world’s largest steel producer, is expected to release its second-quarter earnings on August 1.
It is too early to assess which industries will suffer the most because of the trade war, but it can be safely said that domestic steelmakers stand to gain the most.
WallStEquities.com reexplores the Steel and Iron sector, which covers the manufacture of steel into basic shapes and forms that then can be used to create products.Under evaluation this morning are the following four stocks: Steel Dynamics Inc. (NASDAQ: STLD), United States Steel Corp. (NYSE: X), Gerdau S.A. (NYSE: GGB), and Nucor Corp. (NYSE: NUE). On Tuesday, shares in Fort Wayne, Indiana headquartered Steel Dynamics Inc. recorded a trading volume of 1.49 million shares.
Among the analysts polled by Thomas Reuters on July 6, four analysts rate Nucor (NUE) as a “strong buy,” seven analysts rate it as a “buy” or some equivalent, and four analysts rate it as a “hold.” Nucor hasn’t received any “sell” ratings. The stock’s mean consensus target price of $77.7 represents 22.6% upside over its closing prices on July 6.
Nucor Corporation (NUE) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
The tariff exemptions process is a new front in a battle between U.S. steel and aluminum consumers, fighting to keep prices for those metals down, and U.S. metal producers which argue that foreign rivals have kept prices low with unfair trading practices. Over 4,000 objections have been filed, which is also expected to grow.
Shares of Nucor Corporation (NYSE:NUE) will begin trading ex-dividend in 2 days. To qualify for the dividend check of US$0.38 per share, investors must have owned the shares prior toRead More...
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning the link betweenRead More...
Previously in this series, we’ve looked at Nucor’s (NUE) and Steel Dynamics’ (STLD) second-quarter earnings guidance. In this article, we’ll look at some recent analyst assessments.
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As we noted previously in this series, Nucor’s (NUE) second-quarter earnings guidance was better than expected. Nucor added, “Based on the current steel market fundamentals and communications with our customers, we are confident in our belief that there is sustainable strength in steel end use markets. Looking at analysts’ consensus estimates, Nucor’s earnings are expected to rise slightly in the third quarter before falling in the fourth quarter.
On June 14, Nucor (NUE) provided its second-quarter earnings guidance. While Nucor typically provides quantitative guidance 15 days before its earnings release, AK Steel (AKS) gives broad qualitative guidance during its earnings calls. This year, U.S. Steel broke from its usual practice and updated its guidance between earnings calls.
In this article, we’ll look at steel companies’ 2018 EBITDA estimates. US-based steel producer Nucor (NUE) is expected to post adjusted EBITDA of $3.6 billion this year, compared with $2.6 billion last year. Interestingly, while analysts expect Nucor’s EBITDA to rise sequentially in the second quarter, they are expected to be largely flat in the third and fourth quarters.
Nucor's (NUE) strong Q2 guidance reflects a significant improvement in performance of its steel mills segment and stronger market conditions.
Shares of Nucor Corp. rallied 2.4% in premarket trade Thursday, after the steel maker provided a second-quarter earnings-per-share outlook that was more than double the results from a year ago. The outlook is also well above sequential first-quarter EPS of $1.10 because of higher selling prices and increased profitability across all steel mill product groups.
Nucor (NUE) has received a “strong buy” rating from four analysts, while seven analysts have a “buy” or some equivalent rating on the stock. The remaining five analysts polled by Thomson Reuters on June 8 rate Nucor as a “hold.” The stock carries a mean consensus target price of $76.25, which represents 14.0% upside over its closing price on June 8. In comparison, U.S. Steel Corporation (X) has gained 5.9%, while AK Steel (AKS) has fallen 17.0% for the year.
Previously, we looked at steel companies’ price-to-sales ratios. We should also look at a companies’ valuation based on their profitability. In this article, we’ll compare steel companies’ EV1-to-EBITDA ratios.
PB (price-to-book-value) ratios, among the most basic ways to assess companies’ valuation, tell us how a company’s valuation compares with its book value. Notably, growth stocks tend to have higher PB ratios, while mature industries have lower ratios.