|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||54.32 - 55.08|
|52-week range||51.67 - 68.00|
|PE ratio (TTM)||15.38|
|Earnings date||29 Jan 2018 - 2 Feb 2018|
|Forward dividend & yield||1.51 (2.54%)|
|1y target est||65.63|
U.S. Steel posted FCF of $128 million in 3Q17, compared with $304 million in 2Q17 and $213 million in 3Q16. Nucor reported FCF of $313 million in 3Q17.
Analysts expect U.S. Steel (X) to generate adjusted EBITDA of $317 million in 4Q17, which would be slightly higher than the company’s guidance.
U.S. Steel (X) expects to post adjusted EBITDA of ~$1.08 billion in fiscal 2017. The company expects its 4Q17 EBITDA to fall sequentially.
Average selling price is a key metric that steel investors watch closely, and geographical exposure and product portfolios are among the key drivers.
Nucor (NUE) will build a merchant bar quality mill in Illinois which will strengthen its product offerings in markets in the central United States.
Steel companies’ revenues are a function of commodity prices and shipments, and it's ideal for investors to follow quarterly production and shipment data.
Some of the analysts revised Nucor’s target price after its 3Q17 earnings release. Citi raised Nucor’s target price from $65 to $66.
Steel Dynamics released its 3Q17 earnings on October 18 and posted revenues of $2.44 billion during the quarter—compared to $2.1 billion in 3Q16.
AK Steel reported a net loss of $5.8 million, which translates to a per-share loss of $0.02. AK Steel posted an EPS (earnings per share) of $0.21 in 3Q16.
The most-traded January rebar contract on the Shanghai Futures Exchange climbed 4.3% to 3,776 yuan per ton.
Analysts expect AK Steel to report revenues of $1.52 billion in 3Q17, compared with its revenues of $1.56 billion in 2Q17 and $1.45 billion in 3Q16.
AK Steel is scheduled to release its 3Q17 earnings on October 31. U.S. Steel will release its 3Q17 results the same day, with a conference call on November 1.
In its 4Q16 earnings call, U.S. Steel guided for EBITDA of $1.3 billion for 2017. But in its 1Q17 call, it revised it downward to $1.1 billion.
U.S. Steel Corporation (X) and AK Steel (AKS) have risen 7.8% and 8.1%, respectively, in October. ArcelorMittal (MT) has risen 15.3% in October.