Among them, 81% of analysts recommended the stock as a “buy,” 19% of analysts recommended the stock as a “hold,” and no analysts recommended the stock as a “sell.”
On May 18, 2017, Honeywell International’s (HON) stock price closed at $130.42. Given its current dividend rate, Honeywell’s dividend yield stands at 2.0%.
On April 24, 2017, Honeywell International (HON) announced a dividend of 0.67 per share for 2Q17 on its outstanding common stock.
So far in 2017, Honeywell International (HON) stock has made solid gains compared to its peers. On a year-to-date (or YTD) basis, HON has risen 13.9%.
AK Steel (AKS) has been among the worst-performing steel stocks (MT) (STLD) in 2017 with year-to-date losses of more than 46% as of May 17.
In this series, we’ll look at the outlook for metals and mining stocks amid the current market dynamics.
John Ferriola, Nucor’s CEO, noted that he sees some downward pressure on scrap prices.
US steelmakers such as U.S. Steel Corporation (X), AK Steel (AKS), and Nucor (NUE) stand to gain from duties against imported steel products, as they help them protect their turf from foreign steelmakers.
The United States (SPY) imported ~3.1 million metric tons of steel products in March 2017, a year-over-year rise of 30.6%. This was the highest yearly rise we’ve seen since January 2015.
On May 8, 2017, the spread between domestic and world export prices was ~$190 per metric ton for HRC, while the spread for CRC was ~$271 per metric ton.
According to data compiled by Metal Bulletin, US HRC prices ended 2016 in the ballpark of $600 per ton.
Despite an accounting change that would lower the company’s 2017 operating expenses by ~$175 million and a decline in raw materials costs, U.S. Steel has cut its 2017 profit guidance.
According to consensus earnings estimates compiled by Thomson Reuters, analysts expect U.S. Steel to post an adjusted EBITDA of $965 million in 2017 and ~$1.2 billion in 2018.
Mario Longhi, who has served as U.S. Steel’s (X) CEO since 2013, announced his retirement on May 10, 2017. The move comes after the company missed its 1Q17 earnings by a wide margin and slashed its 2017 profit guidance.
U.S. Steel (X) closed at $20.20 on May 16, gaining 0.3% from its previous day’s close. So far, U.S. Steel has lost almost 40% of its market capitalization in 2017.
Amid the market sell-off from the latest Trump fiasco—this time his possible obstruction of justice—Cisco reports tonight after the markets close.
None of the analysts revised their recommendations or target price for Tsakos Energy Navigation (TNP) in April and the first 15 days of May.
Tsakos Energy Navigation (TNP) has a fleet of 65 double hull vessels. The fleet is a mix of crude oil tankers, product tankers, and LNG carriers.
Tsakos Energy Navigation’s (TNP) operating cash flow in 1Q17 was $54.4 million—compared to $32.2 million in the previous quarter.
In 1Q17, Tsakos Energy Navigation’s EBITDA was $61.6 million—15% higher than the previous quarter’s EBITDA of $53.4 million.