|Bid||37.66 x 100|
|Ask||37.70 x 200|
|Day's range||37.52 - 37.75|
|52-week range||32.15 - 40.17|
|PE ratio (TTM)||17.25|
|Earnings date||22 Jan 2018 - 26 Jan 2018|
|Forward dividend & yield||0.62 (1.66%)|
|1y target est||41.73|
It's been a bit of a wild ride for metals and mining stocks following third quarter earnings, as a number of factors, from weaker data from China to company-specific worries, add to the generally volatile trading in commodities. Credit Suisse's Curt Woodworth and his team take on that question today, writing that he believes that some of the best opportunities in metals and mining stocks are in companies levered to U.S. steel. Woodworth notes that even with seasonal softness, steel prices are "sharply" recovering from their weakness in October and look ready to test the $650-675/ton level by the start of 2018.
Last week, there wasn't major analyst action for US-based steel companies. Several analysts changed their ratings on steel stocks after their 3Q17 earnings.
Last week was mixed for steel stocks—they followed different trajectories. With gains of 6.6%, AK Steel (AKS) was the biggest gainer.
U.S. Steel (X) is trading at a forward EV-to-EBITDA multiple of 4.5x—the lowest forward EV-to-EBITDA among its major peers.
ArcelorMittal (MT) is having an impressive run of late on the back of improving steel market conditions and the company's internal initiatives.
** VanEck Vectors Steel ETF on track for 4th straight weekly decline, its worst run since late 2015, while still trapped in a rectangular pattern this year ** However, with momentum yet to reach oversold, ...
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.
Average selling price is a key metric that steel investors watch closely, and geographical exposure and product portfolios are among the key drivers.
Steel companies’ revenues are a function of commodity prices and shipments, and it's ideal for investors to follow quarterly production and shipment data.
U.S. Steel and ArcelorMittal posted better-than-expected revenues and profits in 3Q17, but AK Steel missed consensus estimates for its top and bottom lines.
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.
ArcelorMittal garners almost half of its revenues from Europe, and the region’s steel demand is seasonally slower in the third quarter.
U.S. Steel Corporation (X) released its 3Q17 earnings on October 31. In this article, we’ll look at some key takeaways from the company’s 3Q17 financial performance. U.S. Steel generated revenue…
A Relative Strength Rating upgrade for Steel Dynamics shows improving technical performance. Will it continue?
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.
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.