|Bid||44.89 x 2500|
|Ask||47.50 x 500|
|Day's Range||45.31 - 46.67|
|52 Week Range||32.15 - 50.70|
|PE Ratio (TTM)||13.81|
|Earnings Date||Apr 17, 2018 - Apr 23, 2018|
|Forward Dividend & Yield||0.75 (1.62%)|
|1y Target Est||53.43|
As we noted previously in this series, US spot steel prices are at multiyear high levels. Higher steel prices should support earnings of companies like AK Steel (AKS) and Steel Dynamics (STLD). U.S. Steel Corporation (X) has already upwardly revised its 2018 earnings guidance.
Steel Dynamics' (STLD) adjusted earnings for Q1 is expected to be higher sequentially. It also expects improving steel consumption and pricing momentum to continue this year.
Steel prices are up and imports are on their way down, but one top U.S. steel maker just warned that first-quarter profits would come in below estimates.
Steel stocks are moving higher on Friday, following an update from Steel Dynamics (STLD) and a positive note from JPMorgan on U.S. Steel (X). Steel Dynamics says it expects to earn between 88 cents and 92 cents a share in the first quarter, below the consensus estimate for 94 cents. Profitability at the company's metals recycling platform is also expected to improve in the quarter. Elsewhere, JPMorgan's Michael Gambardella reiterated an Overweight rating and $69 price target on U.S. Steel on Friday, defending the company's forecast, which sent shares down earlier this week. He writes that he sees the guidance as conservative, given the timing of the announcement, which comes before its recent bond deal and the new tariff rules going into effect next week.
FORT WAYNE, Ind. , March 16, 2018 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2018 earnings guidance in the range of $0.88 to $0.92 per diluted share. Comparatively, ...
Key index funds turned mixed Thursday but the Dow Jones industrial average stayed positive thanks to McDonald's, UnitedHealth and IBM.
Earlier, we considered the various opportunities for U.S. Steel Corporation (X) in the wake of President Donald Trump’s recently announced tariffs on steel. The tariffs haven’t made US steel prices immune to global steel prices (MT). Following their implementation, US steel prices—already among the highest globally—could see more gains.
U.S. Steel Corporation (X) has been among the biggest gainers in the steel space this year. The tariffs imposed under the Section 232 import probe have been the key drivers of US steel prices. In this article, we’ll take a look at how these tariffs could positively affect U.S. Steel.
U.S. Steel shed some of its tariff-related gains after an analyst downgraded the stock over its latest guidance.
The lithium quota increase for Chile operations will enable Albemarle (ALB) to boost capacity in a highly sustainable and efficient manner using innovative technology.
FMC Corp. (FMC) appoints new executive leaders as it takes another step to separate its lithium business in the second half of this year.
The price reaction appears to have been triggered by the concessions made by President Trump in the tariff order by excluding two main sources of U.S. imports.
After a wild ride in recent weeks, markets finally settled up on news of the final tariff plan out yesterday: As expected, steel imports will face a 25% tariff, and aluminum 10%, although Canada and Mexico will be excluded for now. You wouldn't know to look at the market today, as U.S. Steel (X), AK Steel Holding (AKS), Nucor (NUE), and Steel Dynamics (STLD) are all falling Friday.
U.S. steel prices have already scored a lift from President Donald Trump’s plan to tack on a 25% tariff on steel imports, a move likely to keep prices high, and domestic demand strong, this year.
President Donald Trump's steel and aluminum tariffs will exempt Canada and Mexico for now. Stocks, which dipped earlier, closed with modest gains. Steel stocks fell.
Shares of steel and aluminum producers sank in afternoon trade Thursday, ahead of the expected signing by President Donald Trump of a somewhat softer tariff decree than the one announced last month following ...