|Bid||0.00 x 800|
|Ask||67.90 x 3200|
|Day's range||65.17 - 66.35|
|52-week range||51.67 - 70.48|
|PE ratio (TTM)||16.18|
|Earnings date||18 Jul 2018 - 23 Jul 2018|
|Forward dividend & yield||1.52 (2.34%)|
|1y target est||76.45|
May.29 -- Dan Dimicco, former chief executive officer at Nucor and former trade adviser to President Donald Trump discusses U.S. trade relationships, Nafta, and Trump's decision to allow ZTE Corp. to stay in business. He speaks on "Bloomberg Daybreak: Americas."
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.
Tesla tapped on the brakes amid a broad market decline. But the Nasdaq is cutting its losses. Netflix bucked the sell-off.
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.
A portfolio of defensive stocks is aimed at minimising the risk of capital loss through holding carefully selected companies that are unlikely to perform poorly during tough market conditions. ToRead More...
US steelmaker Nucor is the biggest single beneficiary of President Donald Trump's tariffs, says "Mad Money" host Jim Cramer.
The Canadian tariffs are set to go into effect on July 1 and stay in place until the United States lifts its own measures, Freeland said, hours after the United States said it would impose tariffs on aluminium and steel imports from Canada, Mexico and the European Union. "The American administration has made a decision today that we deplore, and obviously is going to lead to retaliatory measures, as it must," Prime Minister Justin Trudeau said at a news conference in Ottawa with Freeland.
The US-China trade war has been making headlines for the last couple of months. There have been two rounds of trade talks between the two countries, with the trade war officially put on hold after the second round. Meanwhile, away from the US-China trade war, new battlefronts seem to be opening up.
New U.S. tariffs on steel and aluminum imports could create more risk and market volatility, but stocks ultimately should shake off the latest trade skirmishes and head to new highs this year.
Steel and aluminum stocks rallied Thursday, after the Trump Administration said it will impose tariffs on steel and aluminum imports on Canada, Mexico and the European Union starting Friday. However, most ...
As quoted by CNBC, the statement on the exemptions on April 30 said, “The Administration is also extending negotiations with Canada, Mexico, and the European Union for a final 30 days. In all of these negotiations, the Administration is focused on quotas that will restrain imports, prevent transshipment, and protect the national security.” Let’s see what could happen to Section 232 exemptions now. Case one: The Trump administration could announce quotas on the European Union while extending the deadline for Canada and Mexico.
As noted previously, China’s steel production has risen sharply this year. According to the CAAM (China Association of Automobile Manufacturers), China’s vehicle sales surged 11.5% YoY (year-over-year) to 2.3 million units. Thanks to this surge, the year-to-date sales growth now stands at an impressive 4.8%—comfortably above the 3% growth that CAAM predicted for the year.
Last week, the WSA (World Steel Association) released its global steel production data. According to the WSA, global steel production stood at 148.3 million metric tons in April, marking a 4.1% YoY (year-over-year) rise. In the first four months of this year, global steel production rose 4.0% YoY. Global steel production has risen, defying pessimists expecting a slowdown in the steel industry this year. Let’s look at April’s steel production data in detail.
The steel industry is global in nature, and developments outside the United States can affect the US steel industry (XME). To be sure, the US steel industry has somewhat decoupled from the global steel industry this year after the imposition of Section 232 tariffs. Donald Trump has imposed a flat tariff of 25% on steel imports from some countries. For the countries that have been temporarily exempted from the stringent tariffs, the Trump administration is trying to negotiate quotas to keep US steel imports in check. The tariffs would be in addition to any trade remedies already in place.
After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois. Chrusciel, 61, is one of around 500 workers United States Steel Corp is re-hiring or recruiting as it readies for production in mid-June at a blast furnace it idled in 2015. Chrusciel and Granite City are among the winners as the Trump administration fights a multi-front war to reshape U.S. trade policy.