Skip to main content

STLD STOCK WRITE UP


STLD (STEEL DYNAMICS INC)

  • P/E: 17
  • GAAP DILUTED YEAR-OVER-YEAR EPS GROWTH: $.56
  • SECTOR: NON-ENERGY MINERALS
  • ASSETS-LIABILITIES: 1.81
  • DIVIDEND: 1.7%

STLD is a company endeavoring in the production of steel. They are listed on the Nasdaq, and beat Wall Street expectations by 11% when they last report. The company will announce Q2 2017 earnings after market close 7/19/17.
On a year-over-year basis, STLD increased its sales by 35%. Cost of goods increased only 27%, and income tax expense nearly tripled. With the exception of nickel, all steel raw resources have increased in price over the past year. Profit sharing rose by a similar margin as income tax expense. Net income increased by 27%, and the amount of shares was decreased minimally. Steel Dynamics has less than half of the value of its long-term debt in cash. Inventories increased only 6%. The company has commodity futures contracts shorting aluminum and copper.
STLD has risen 2.6% year-to-date. The company reported 10/19/16, missing Wall Street EPS expectations by about 5%, and rose about 60% between 10/2016 and 12/2016. Since it last reported 4/19/17 and beat Wall Street EPS expectations by 11%, share prices have also risen about 11%. STLD trades at a comparable price-to-earnings multiple as NUE (Nucor), another steel company. STLD and NUE saw peak revenues in 2014, and STLD increased revenues in 2016 over 2015, while NUE's revenue declined during the same period.
Mark Millett, who co-founded the company in 1993, still serves as President and CEO. Previously, he and the other founders were executives at Nucor. The last large insider purchase was made in 11/2016. Institutional ownership and mutual funds hold 92% of the company's shares, according to CNN.
STLD has risen after missing Wall Street expectations of EPS, and after beating expectations. The company reports next on 7/19/17 after market close. The company has seen its share price rise 2.6% while NUE, its closest competitor, has fallen less than 1% during the same interval.

SOURCES:







Labels:

Comments

Post a Comment

Popular posts from this blog

FL STOCK WRITE UP

FL (FOOT LOCKER) P/E: 15.2 GAAP DILUTED YO-Y EPS GROWTH LAST QUARTER: $.28 SECTOR: RETAIL TRADE ASSETS-LIABILITIES: 3.39 DIVIDEND: 1.68% According to statisticbrain, Foot Locker was the largest shoe retailer in the United States as of 8/13/2016. Foot Locker posted a 24.5% year-over-year EPS gain in the most recent quarter, meaning its successful business is still growing. The company has a low price-to-earnings multiple and a high rate of growth with solid financials, giving the stock room to climb. While many retail stores have faired poorly due to the recent emergence of Amazon and other online retailers, Foot Locker does not suffer because their services are hard to duplicate online. You can not try on a shoe from Amazon prior to purchasing, for example. For customers who do not need to try on the shoe, either because they have already purchased the same shoe, or have tried on shoes of the same brand, Foot Locker also sells shoes through Amazon. In th...
Post a Comment
Read more

GOOG STOCK WRITE UP

GOOG (ALPHABET INC) P/E: 31.7 GAAP DILUTED EPS GROWTH Q4 '15 to Q4 '16: $.50 SECTOR: TECHNOLOGY SERVICES ASSETS-LIABILITIES: 5.8 DIVIDEND: NONE This stock is a new addition to my portfolio. The price-to-earnings multiple is higher than my target price-to-earnings multiple, but I decided to purchase the stock due to its solid year-over-year EPS growth, positive chart alignment, positive cash flow, ubiquitous market presence, and rapid growth in the technology sector. I believe this stock will head much higher, and that its earnings will keep up with the rapid pace of its growth to ensure its stability. Google became a popular product due to its excellent search engine. As a result of its success, with approximately 80.5% of global market share according to a recent survey, Google has built a strong revenue base through its advertising services. However, Google has taken the challenge of expanding its services beyond the search engine field i...
Post a Comment
Read more

TTC STOCK WRITE UP

TTC (THE TORO COMPANY) P/E: 31.6 GAAP DILUTED YEAR-OVER-YEAR EPS GROWTH LAST QUARTER: $.06 SECTOR: PRODUCER MANUFACTURING ASSETS-LIABILITIES: 2.8 DIVIDEND: 1.05% TTC is the symbol for Toro, a manufacturer of lawnmowers, irrigation and lighting systems, and other tools for residential and professional landscaping. They utilize high-quality products and deliver them in a reliable package to their customers. Toro reports 5/25/17, and will attempt to demonstrate business growth in line with expectations. In the most recent quarter, Toro reported a 6% boost in revenue and an increase in operating costs by just under 6%. The company utilized some of its 35% increase in cash to repurchase stock. Inventories and receivables were cut on a year-over-year basis, signifying that the company is fulfilling orders more rapidly. Professional services make up the bulk of the company's revenue at approximately 80%. While residential revenue decreased on a year-over...
Post a Comment
Read more