Cleveland-Cliffs Inc. (CLF) is slated to release second-quarter 2024 results after the closing bell on Jul 22. While CLF is expected to have benefited from lower steelmaking unit costs and healthy overall volumes, lower steel prices are likely to have weighed on its performance.The Zacks Consensus Estimate for second-quarter 2024 earnings has been revised 100% downward in the past 60 days. The consensus estimate suggests break-even earnings per share. The Zacks Consensus Estimate for revenues is currently p ...

文章核心观点 - 克利夫兰-克利夫斯公司(CLF)宣布收购Stelco Holdings Inc.,巩固了CLF在北美一体化钢铁生产的地位 [1] - 此次收购将使CLF的员工人数增加1,800名联合钢铁工人(USW)工会成员 [1] - 此次交易以每股Stelco股票60加拿元现金和0.454股CLF普通股(或2024年7月12日每股10加拿元)的方式进行,总价值为每股Stelco 70加拿元 [2] - 此次收购对Stelco的估值约为25亿美元(34亿加拿元),收购倍数为4.8倍Stelco截至2024年3月31日的最近12个月调整后EBITDA(包含协同效应) [3] 根据相关目录分别进行总结 交易细节 - 此次交易预计将为CLF带来每年约1.2亿美元的成本节约,且不会影响工会工作岗位 [3] - 此次交易预计将立即提升CLF2024年和2025年的每股收益,交易完成后CLF股东将拥有合并公司约95%的股权,Stelco股东将拥有约5%的股权 [3] 业务协同 - Stelco在安大略省运营两家工厂,年产约260万吨平板钢材 [4] - 此次收购将增强CLF的钢铁制造能力,使其在平板钢现货市场的敞口翻番,并利用原材料、能源、医疗保健和货币方面的成本优势 [4] - Stelco的整合将使CLF的客户群更加多元化,涵盖建筑和工业等领域,在采购、管理费用和公众公司相关费用方面产生协同效应 [4] 公司信息 - Stelco将作为CLF的全资子公司运营,保留其自身的名称和历史 [5] - CLF赞扬了Stelco的转型,并强调此次交易与国家利益和劳动力的重要性相一致,突出了两家公司在成本效率和文化兼容性方面的优势 [5] - 此次收购预计将为加拿大和当地社区带来重大利益 [5] - 交易预计将于2024年第四季度完成,需经Stelco股东批准、监管部门批准和其他惯例条件满足 [6]

Cleveland-Cliffs (NYSE:CLF) stock is on the move Monday after the flat-rolled steel producer announced its acquisition of Stelco (OTCMKTS:STZHF) for C$3.4 billion.This will have Cleveland-Cliffs paying C$70 per share for the Canadian steel company. This represents an 87% premium of the stock’s closing price on Friday. Its also a 37% premium to its 52-week high.Cleveland-Cliffs chairman, president and CEO Lourenco Goncalves said the following about the purchase of Stelco.“Stelco is a company that respects th ...

The market expects Cleveland-Cliffs (CLF) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Cleveland-Cliffs Inc (NYSE:CLF) is acquiring Canadian steel company Stelco Holdings in a $2.5 billion deal, adding 1,800 United Steelworkers (USW) union employees to its workforce. Following the news, CLF is trading 2.2% lower before the opening bell. Coming off its third-straight weekly gain, Cleveland-Cliffs stock is on track to open below $16 after popping above the level on Friday for the first time since early June. The security is also on track to fall back below recently reclaimed support at its 40-d ...

Cleveland-Cliffs Inc. (CLF) shares have lost 23.1% in the past three months, significantly underperforming the Zacks Mining – Miscellaneous industry’s increase of 2%. The bearishness is partly due to the underlying challenges in the steel industry as reflected by the significant retreat in U.S. steel prices driven by a combination of demand slowdown and oversupply, which have triggered a downward revision in CLF’s earnings estimates.Technical indicators show that CLF has been trading below the 200-day simpl ...

公司财务表现 - 公司预计2024年第二季度营收为54亿美元，同比下降约12%，略高于市场预期。预计每股收益约为0.01美元，实现盈亏平衡，较去年同期小幅亏损有所改善[2] - 2024年第一季度，公司总发货量为394万吨，同比下降3.5%，但平均销售价格提升至每吨1,175美元，主要得益于汽车行业销售比例增加[3] 行业和市场环境 - 全球最大的钢铁消费国中国，其房地产行业需求疲软，制造业活动连续第二个月下降，这可能影响全球钢铁市场[3] - 美国第一季度GDP增长放缓至1.3%，低于预期的1.6%，这可能影响钢铁需求[3] 公司成本和运营 - 公司预计全年钢铁单位成本将减少约30美元每吨，这将转化为约5亿美元的调整后EBITDA增加[3] - 公司通过垂直整合和减少对进口铁矿石的依赖，相比其他美国钢铁制造商，更能抵御地缘政治风险[6] 股票表现和市场对比 - 自2021年初以来，CLF股票价格基本保持在15美元左右，而同期S&P 500指数上涨约50%，显示出CLF股票表现不佳[4] - Trefis高质量投资组合在过去三年中每年都超过S&P 500，显示出更好的风险调整后回报[5] 公司财务策略 - 公司通过减少债务和增加股票回购来优化财务结构，上一季度净债务降至30亿美元以下，完成了目标，并在第一季度回购了约3040万股，占总股本的6%[6] - 公司对CLF股票的估值为每股19美元，比当前市场价格高出约20%，预计将在第二季度财报后更新股价估值[6]

Cleveland-Cliffs (CLF) closed at $15.40 in the latest trading session, marking a +1.45% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.02%. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 1.18%.The mining company's stock has climbed by 0.33% in the past month, exceeding the Basic Materials sector's loss of 3.78% and lagging the S&P 500's gain of 4.44%.Analysts and investors alike will be keeping a close eye on the performance of Cleveland-Cliffs in its upco ...

Monty Rakusen/DigitalVision via Getty Images My Thesis I've been covering Cleveland-Cliffs Inc. (NYSE:CLF) stock since June 2021, and all along I've been bullish on the stock for many reasons. The last time - in March 2024 - I argued that CLF had some reasons for margin expansion in the medium term, being driven by strong management (in my opinion) that prioritized buybacks and debt reduction. I advocated for buying the stock, which seemed undervalued in light of its superior projected growth rates in F ...

文章核心观点 - 买入股价下跌的优质公司股票是一种常见的投资策略,尤其是当这些公司有内部人士买入时更值得关注 [1][2][3] - 三家公司Cleveland-Cliffs、MasterCraft Boat和Heartland Express目前股价处于52周低位,但同时也有内部人士买入,值得投资者关注 [4][8][12] Cleveland-Cliffs - 该公司是一家钢铁制造商,最近收购了俄罗斯最大钢铁生产商NLMK的美国工厂 [4] - 该公司的预期市盈率为16.5倍,未来12个月的盈利预计增长超过230% [5] - 一名美国国会议员最近积极买卖该公司股票,可能是基于内部消息 [6][7] MasterCraft Boat - 该公司的业务正在恢复正常,但受到通胀和利率上升的影响 [9] - 分析师预计2024年将是该行业的底部,并给予该股票18.8%的上涨空间 [10][11] - 一家投资公司Coliseum Capital Management最近大量买入该股 [8][11] Heartland Express - 该公司是一家中长途货运公司,受到货运需求疲软和通胀压力的影响 [12] - 该公司最近两个季度营收和利润均同比下降,股价也下跌了24% [12][13] - 但最近90天内有9次内部人士买入,机构投资者也在近9个月内净买入该股 [14][15]