NEW YORK, May 8, 2017 /PRNewswire/ --
The Steel and Iron industry is a basis for the development of a number of industries in the global economy: the defense industry, transportation and heavy engineering, and energy and construction, including the aeronautical and shipping construction spaces. Pre-market, Stock-Callers.com scans the most recent performances of these four stocks: Steel Dynamics Inc. (NASDAQ: STLD), Nucor Corp. (NYSE: NUE), TimkenSteel Corp. (NYSE: TMST), and Worthington Industries Inc. (NYSE: WOR). Sign up today and download for free the research reports for the stocks covered today at:
Last Friday, shares in Fort Wayne, Indiana headquartered Steel Dynamics Inc. ended the session 0.14% lower at $35.82. The stock recorded a trading volume of 1.99 million shares. The Company's shares have advanced 5.04% in the last one month, 6.23% over the previous three months, and 1.13% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.25% and 14.26%, respectively. Furthermore, shares of Steel Dynamics, which together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the US and internationally, have a Relative Strength Index (RSI) of 53.85.
On April 19th, 2017, Steel Dynamics announced Q1 2017 financial results. Net income was of $201 million, cash flow from operations was $240 million, and operating income for the Company's steel operations was $352 million. In addition, Q1 2017 operating income, which is attributable to the Company's flat roll products, increased 67%; operating income from the metals recycling operations was $21 million; and operating income from fabrication operations was $24 million.
On April 24th, 2017, research firm Macquarie upgraded the Company's stock rating from 'Neutral' to 'Outperform'. STLD complete research report is just a click away at:
Charlotte, North Carolina-based Nucor Corp.'s stock finished 1.01% lower at $60.47, with a total trading volume of 2.20 million shares. The Company's shares have gained 1.26% in the last one month, 6.11% in the previous three months, and 2.24% on an YTD basis. The stock is trading above its 200-day moving average by 8.14%. Moreover, shares of Nucor, which manufactures and sells steel and steel products in the US and internationally, have an RSI of 50.40.
On April 20th, 2017, Nucor reported consolidated net earnings of $356.9 million and consolidated net sales of $4.82 billion for Q1 2017. The Company also announced that its board of directors declared a cash dividend of $0.3775 per share, payable on May 11th, 2017 to stockholders of record on March 31st, 2017.
On April 24th, 2017, research firm Macquarie upgraded the Company's stock rating from 'Underperform' to 'Neutral'. The complimentary report on NUE can be downloaded at:
Shares in Canton, Ohio headquartered TimkenSteel Corp. closed the day 3.02% higher at $13.98. The stock recorded a trading volume of 478,628 shares. The Company's shares are trading below their 200-day moving average by 1.47%. Moreover, shares of TimkenSteel, which manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide, have an RSI of 32.12.
On April 18th, 2017, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $28 a share to $23 a share.
On April 27th, 2017, TimkenSteel reported Q1 2017 results. Net sales were $309.4 million, net loss was $5.3 million, and EBITDA was $17.5 million in Q1 2017. In addition, ship tons for the quarter were approximately 280,000, surcharge revenue was $58.3 million, and melt utilization was 71%. Sign up for your complimentary report on TMST at:
Columbus, Ohio headquartered Worthington Industries Inc.'s shares recorded a trading volume of 178,563 shares last Friday. The stock closed 0.40% higher at $42.57. The Company's shares are trading 8.47% below their 50-day moving average. Additionally, shares of Worthington Industries, which focuses on value-added steel processing and manufactured metal products in the US, Europe, Mexico, Canada, and internationally, have an RSI of 41.19. Download the research report for free on WOR at:
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