giulioron
Nuovo Utente
- Registrato
- 6/5/06
- Messaggi
- 6.910
- Punti reazioni
- 278
in allegato grafico
se qualcuno ha news....il prezzo è interessante. Come anche Tenneco 2026 che è intorno a 76
Obbligazioni usd capitolo 2
- Creatore Discussione waltermasoni
- Data di inizio
-
- Tag
- dollaro index
in allegato grafico
se qualcuno ha news....il prezzo è interessante. Come anche Tenneco 2026 che è intorno a 76
giulioron
Nuovo Utente
- Registrato
- 6/5/06
- Messaggi
- 6.910
- Punti reazioni
- 278
A month has gone by since the last earnings report for United States Steel (X). Shares have lost about 15.2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is U.S. Steel due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
U.S. Steel Tops Earnings and Revenue Estimates in Q1
U.S. Steel saw its profits jump in the first quarter of 2019, driven by strong earnings in its Flat-Rolled segment. The company logged net earnings of $54 million or 31 cents per share for the quarter, up three-fold from $18 million or 10 cents in the year-ago quarter.
Barring one-time items, adjusted earnings came in at 47 cents a share, up from 32 cents a year ago. It trounced the Zacks Consensus Estimate of 17 cents.
Revenues rose roughly 11% year over year to $3,499 million in the quarter, and surpassed the Zacks Consensus Estimate of $3,245.1 million.
Segment Highlights
Flat-Rolled: Profit in the Flat-Rolled segment was $95 million in the quarter, a nearly three-fold surge from $33 million in the year-ago quarter.
Total steel shipments in the segment rose roughly 8% year over year to 2,725,000 tons and average realized price per ton in the unit was $798, up roughly 8%.
U.S. Steel Europe: The segment delivered a profit of $29 million, down 74% from $110 million a year ago. Total shipments in the segment went down around 6% year over year to 1,064,000 tons and average realized price per ton for the unit was $670, down roughly 5% year over year.
Tubular: U.S. Steel’s Tubular segment posted a profit $10 million, compared with a loss of $27 million in the year-ago quarter.
Total steel shipments for the segment was up around 16% year over year to 207,000 tons. Average realized price per ton for the unit was $1,549, up roughly 12%.
Financials
U.S. Steel ended the quarter with cash and cash equivalents of $676 million, down around 51% year over year. Long-term debt fell roughly 10% year over year to $2,326 million.
The company returned $51 million to shareholders during the quarter including share repurchases worth $42 million.
Outlook
U.S. Steel noted that its progress continued in the first quarter as reflected by the strong results. The company expects adjusted EBITDA for the second quarter to be similar to the first quarter.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates. The consensus estimate has shifted -46.32% due to these changes.
VGM Scores
At this time, U.S. Steel has a nice Growth Score of B, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise U.S. Steel has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Will the recent negative trend continue leading up to its next earnings release, or is U.S. Steel due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
U.S. Steel Tops Earnings and Revenue Estimates in Q1
U.S. Steel saw its profits jump in the first quarter of 2019, driven by strong earnings in its Flat-Rolled segment. The company logged net earnings of $54 million or 31 cents per share for the quarter, up three-fold from $18 million or 10 cents in the year-ago quarter.
Barring one-time items, adjusted earnings came in at 47 cents a share, up from 32 cents a year ago. It trounced the Zacks Consensus Estimate of 17 cents.
Revenues rose roughly 11% year over year to $3,499 million in the quarter, and surpassed the Zacks Consensus Estimate of $3,245.1 million.
Segment Highlights
Flat-Rolled: Profit in the Flat-Rolled segment was $95 million in the quarter, a nearly three-fold surge from $33 million in the year-ago quarter.
Total steel shipments in the segment rose roughly 8% year over year to 2,725,000 tons and average realized price per ton in the unit was $798, up roughly 8%.
U.S. Steel Europe: The segment delivered a profit of $29 million, down 74% from $110 million a year ago. Total shipments in the segment went down around 6% year over year to 1,064,000 tons and average realized price per ton for the unit was $670, down roughly 5% year over year.
Tubular: U.S. Steel’s Tubular segment posted a profit $10 million, compared with a loss of $27 million in the year-ago quarter.
Total steel shipments for the segment was up around 16% year over year to 207,000 tons. Average realized price per ton for the unit was $1,549, up roughly 12%.
Financials
U.S. Steel ended the quarter with cash and cash equivalents of $676 million, down around 51% year over year. Long-term debt fell roughly 10% year over year to $2,326 million.
The company returned $51 million to shareholders during the quarter including share repurchases worth $42 million.
Outlook
U.S. Steel noted that its progress continued in the first quarter as reflected by the strong results. The company expects adjusted EBITDA for the second quarter to be similar to the first quarter.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates. The consensus estimate has shifted -46.32% due to these changes.
VGM Scores
At this time, U.S. Steel has a nice Growth Score of B, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise U.S. Steel has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
giulioron
Nuovo Utente
- Registrato
- 6/5/06
- Messaggi
- 6.910
- Punti reazioni
- 278
ecco...downgrade..... io entro con un cippino...... 
Wall Street is abandoning the steel sector. Thursday, Deutsche Bank downgraded shares of United States Steel , Steel Dynamics and Nucor , chiming in on a flow of negative commentary about the industry.
Analyst Chris Terry cut Nucor (ticker: NUE) and Steel Dynamics (STLD) shares from Buy to Hold. United States Steel (X) stock was cut from Hold to Sell, with an $11 price target, down from Deutsche’s prior target of $20 a share, and 14% lower than Wednesday’s closing price.
Wall Street is abandoning the steel sector. Thursday, Deutsche Bank downgraded shares of United States Steel , Steel Dynamics and Nucor , chiming in on a flow of negative commentary about the industry.
Analyst Chris Terry cut Nucor (ticker: NUE) and Steel Dynamics (STLD) shares from Buy to Hold. United States Steel (X) stock was cut from Hold to Sell, with an $11 price target, down from Deutsche’s prior target of $20 a share, and 14% lower than Wednesday’s closing price.
Ministry of Truth
PUTINIANO NOVAX TERRAPIATTISTA
- Registrato
- 11/2/16
- Messaggi
- 9.956
- Punti reazioni
- 1.649
ecco...downgrade..... io entro con un cippino......
Se scendesse ancora io valuto una mediata, ne ho un quantitativo irrisorio al momento ma le ho prese a 92.
waltermasoni
Dominican Trader
- Registrato
- 10/8/15
- Messaggi
- 10.038
- Punti reazioni
- 1.452
Eniforever
Nuovo Utente
- Registrato
- 12/11/09
- Messaggi
- 15.523
- Punti reazioni
- 1.207
Qualche news per il calo del dollaro?
waltermasoni
Dominican Trader
- Registrato
- 10/8/15
- Messaggi
- 10.038
- Punti reazioni
- 1.452
Il decennale e’ al 2% .. si sconta taglio tassi di mezzo punto.
Bond usd meno appetibili quindi=vendita dollari
alby77to
Nuovo Utente
- Registrato
- 13/2/06
- Messaggi
- 248
- Punti reazioni
- 29
"PITNEY BOWES INC 6.70% NOTES DUE 2043" è molto basso, sui 20, da una analisi superficiale sembrerebbe una buona occasione
trader2019
Nuovo Utente
- Registrato
- 31/5/19
- Messaggi
- 132
- Punti reazioni
- 5
isin del pitney?
perche sta a 2
perche sta a 2
alby77to
Nuovo Utente
- Registrato
- 13/2/06
- Messaggi
- 248
- Punti reazioni
- 29
ISIN US7244795065 , su mercato americano
Da quel che ho letto la società fa utili su servizi di spedizione per le aziende, che però è un settore in declino, e si sta lanciando sull'ecommerce, che però implica investimenti e molta concorrenza. Se ho ben capito comunque fa utili e l'azione distribuisce dividendi, anche se quest'anno l'hanno diminuito.
L'obbligazione quota intorno a 20 (di 25, non 100)
giulioron
Nuovo Utente
- Registrato
- 6/5/06
- Messaggi
- 6.910
- Punti reazioni
- 278
sono baby bond( ossia quotati sul NYSE , prezzo emissione 25 usd ) , io li ho in carico a 21,50 mi sembra
sul thread che ho aperto li trovi.
trader2019
Nuovo Utente
- Registrato
- 31/5/19
- Messaggi
- 132
- Punti reazioni
- 5
su investing.com con quell isin me la classifica come azione (almeno sull app android).
dite che e un baby bond?
con che cedola e durata?
dite che e un baby bond?
con che cedola e durata?
trader2019
Nuovo Utente
- Registrato
- 31/5/19
- Messaggi
- 132
- Punti reazioni
- 5
se come leggo in giro c e la doppia tassazione non convengono molto.
alla fine prendendoli a 20 si ottiene poco piu del 3% di cedola.
o sbaglio?
alla fine prendendoli a 20 si ottiene poco piu del 3% di cedola.
o sbaglio?
Ministry of Truth
PUTINIANO NOVAX TERRAPIATTISTA
- Registrato
- 11/2/16
- Messaggi
- 9.956
- Punti reazioni
- 1.649
Non ci dovrebbe essere doppia tassazione, o almeno su Binck non c'è. Sono bond a tutti gli effetti, non azioni.
Il vantaggio che hanno è il taglio ridotto, il fatto che negozino senza rateo, e che paghino la cedola ogni trimestre.
Lo svantaggio è che spesso hanno durate lunghissime con scadenze al 2040-2050 e oltre. Oltre ad avere spesso call molto vicine.
Però prendiamo Pitney Bowes ad esempio, rating BB, quoterebbe l'equivalente di 80 se fosse un bond con nominale 100 e scade nel 2043.
La domanda da farti è questa: compreresti normalmente un bond BB in scadenza 2043 e con cedola al 6,70% a 80 oggi? La risposta la puoi sapere solo tu.
Ultima modifica:
giulioron
Nuovo Utente
- Registrato
- 6/5/06
- Messaggi
- 6.910
- Punti reazioni
- 278
ho aperto tempo fa un thread dedicato ( cercalo con parola baby bond )
sono bond a tutti gli effetti ( ci sono senior e no) ma quotati come le azioni , emessi a 25 usd con cedola e spesso una call
io ne ho alcuni ma solo per diversificazione e perchè consentono lotti veramente bassissimi.
in questo caso Pitney non naviga in acque pulitissime