Research Analysts Issue Forecasts for Steel Dynamics, Inc.’s Q1 2018 Earnings (STLD)
Steel Dynamics, Inc. (NASDAQ:STLD) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of Steel Dynamics in a research note issued on Thursday. KeyCorp analyst P. Gibbs anticipates that the basic materials company will post earnings per share of $1.15 for the quarter. KeyCorp currently has a “Buy” rating and a $49.00 price objective on the stock.
Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. Steel Dynamics had a net margin of 5.79% and a return on equity of 21.45%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the business posted $0.64 earnings per share. Steel Dynamics’s revenue for the quarter was up 16.3% compared to the same quarter last year.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Group reaffirmed a “buy” rating and issued a $53.00 price target on shares of Steel Dynamics in a research note on Thursday. ValuEngine downgraded shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. BidaskClub raised shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Finally, Cowen set a $43.00 price target on shares of Steel Dynamics and gave the stock a “buy” rating in a research note on Monday, December 18th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Steel Dynamics has an average rating of “Buy” and a consensus target price of $43.71.
Steel Dynamics (STLD) opened at $47.01 on Friday. Steel Dynamics has a one year low of $32.15 and a one year high of $47.39. The company has a quick ratio of 1.95, a current ratio of 3.35 and a debt-to-equity ratio of 0.80. The firm has a market cap of $11,140.00, a price-to-earnings ratio of 21.66, a PEG ratio of 1.16 and a beta of 1.40.
Large investors have recently modified their holdings of the company. Toronto Dominion Bank acquired a new stake in shares of Steel Dynamics in the second quarter valued at about $107,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Steel Dynamics in the third quarter valued at about $112,000. Hefty Wealth Partners grew its position in shares of Steel Dynamics by 76.1% in the third quarter. Hefty Wealth Partners now owns 3,417 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 1,477 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Steel Dynamics by 80.8% in the third quarter. Cubist Systematic Strategies LLC now owns 3,555 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 1,589 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Steel Dynamics by 2.3% in the second quarter. Advisory Services Network LLC now owns 4,414 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 101 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Sunday, December 31st were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, December 28th. Steel Dynamics’s payout ratio is 28.57%.
About Steel Dynamics
Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.
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