On Tuesday, Shares of Steel Dynamics, Inc. (NASDAQ:STLD), added 0.25% and closed at $28.51 in the last trading session. The last trading range of the stock ranges between $28.24 and $28.61. Steel Dynamics, Inc., together with its auxiliaries, manufactures and sells steel products; processes and sells recycled ferrous and nonferrous metals; and fabricates and sells steel joist and deck products in the United States and internationally. The company operates through Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations segments. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; angles, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections. This segment offers its products for automotive, construction, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, administration, marketing, brokerage, and consulting services related to the scrap industry. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel decks mainly for the non-residential construction industry.
La Quinta Holdings Inc (NYSE:LQ), dropped -0.39% and closed at $10.09 in the last trading session. The last trading range of the stock ranges between $9.95 and $10.14. The company’s Market capitalization is $1.18 Billion with the total Outstanding Shares of 116.82 million. La Quinta Holdings Inc. (“La Quinta” or the “Company”) (LQ) recently stated its third quarter 2016 results, for the period ending September 30, 2016.
Third Quarter 2016 Highlights
Net Income per Share was $0.20; Adjusted Earnings per Share was $0.19
Net Income was $22.7 million; Adjusted Net Income was $22.1 million
Cash flow generation remained strong, as demonstrated by $100.7 million of Total Adjusted EBITDA
Grew franchise and other fee based revenue 5.3 percent
System-wide comparable RevPAR raised 0.8 percent, and apart from properties located in STR-defined “oil tracts”, RevPAR raised 2.0 percent
Opened 15 franchised hotels, apart from six temporary hotels, totaling about 1,300 rooms, counting the Company’s first location in Colombia, South America
Raised franchise pipeline to 239 hotels, representing about 21,800 additional rooms, counting a new franchise agreement in San Diego’s Gaslamp District
La Quinta Returns® ranked in the top 5 by U.S. News and World Report as a Best Travel Rewards program in U.S. News’s Best Travel Rewards 2016-17 rankings