Steel Dynamics, Inc. (NASDAQ:STLD) – Analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for shares of Steel Dynamics in a report issued on Wednesday. Jefferies Group analyst S. Rosenfeld expects that the brokerage will post earnings of $0.49 per share for the quarter. Jefferies Group has a “Buy” rating and a $45.00 price objective on the stock. Jefferies Group also issued estimates for Steel Dynamics’ Q2 2017 earnings at $0.81 EPS, Q3 2017 earnings at $0.54 EPS and Q4 2017 earnings at $0.42 EPS.
Several other equities analysts have also weighed in on STLD. Credit Suisse Group set a $33.00 price objective on shares of Steel Dynamics and gave the company a “buy” rating in a research report on Saturday, October 8th. Zacks Investment Research lowered shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. Cowen and Company dropped their price objective on shares of Steel Dynamics from $33.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, October 21st. Rosenblatt Securities raised shares of Steel Dynamics from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Friday, October 21st. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Steel Dynamics in a research report on Thursday, October 20th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.79.
Steel Dynamics (NASDAQ:STLD) opened at 36.23 on Monday. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 23.22 and a beta of 1.46. Steel Dynamics has a 52-week low of $16.89 and a 52-week high of $40.17. The firm has a 50-day moving average of $36.51 and a 200-day moving average of $29.60.
Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Tuesday, January 24th. The company reported $0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.43. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. Steel Dynamics had a net margin of 4.91% and a return on equity of 17.30%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Saturday, December 31st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.56 annualized dividend and a yield of 1.55%. Steel Dynamics’s payout ratio is 35.90%.
In other Steel Dynamics news, Director Keith E. Busse sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $27.33, for a total transaction of $54,660.00. Following the completion of the transaction, the director now owns 1,004,923 shares in the company, valued at approximately $27,464,545.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.10% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in STLD. Virginia Retirement Systems ET AL raised its stake in Steel Dynamics by 7.9% in the third quarter. Virginia Retirement Systems ET AL now owns 79,000 shares of the company’s stock valued at $1,974,000 after buying an additional 5,800 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Steel Dynamics by 31.2% in the third quarter. UBS Asset Management Americas Inc. now owns 368,750 shares of the company’s stock valued at $9,215,000 after buying an additional 87,769 shares during the last quarter. Airain ltd increased its stake in Steel Dynamics by 234.7% in the third quarter. Airain ltd now owns 210,629 shares of the company’s stock valued at $5,264,000 after buying an additional 147,691 shares during the last quarter. Prudential Financial Inc. increased its stake in Steel Dynamics by 6.1% in the third quarter. Prudential Financial Inc. now owns 3,678,311 shares of the company’s stock valued at $91,921,000 after buying an additional 212,570 shares during the last quarter. Finally, Redwood Investments LLC acquired a new stake in Steel Dynamics during the second quarter valued at about $18,739,000. Institutional investors own 80.00% of the company’s stock.
Steel Dynamics Company Profile