Somewhat Favorable News Coverage Somewhat Unlikely to Impact Steel Dynamics (STLD) Share Price
Media headlines about Steel Dynamics (NASDAQ:STLD) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Steel Dynamics earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.4216706063966 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Steel Dynamics Shows Rising Relative Price Performance; Still Shy Of Key Benchmark (finance.yahoo.com)
- Key Takeaways from U.S. Steel’s 3Q17 Results (finance.yahoo.com)
- Earnings Could Drive US Steel Stocks This Week (finance.yahoo.com)
- Steel Dynamics (STLD) & Gerdau (GGB) Head to Head Analysis (americanbankingnews.com)
- Worthy Analytical Review for Steel Dynamics Inc. (NASDAQ:STLD) – The Oracle Examiner (oracleexaminer.com)
Several research analysts have issued reports on STLD shares. Bank of America Corporation reissued a “buy” rating and set a $44.00 price objective (up from $42.00) on shares of Steel Dynamics in a research report on Tuesday, September 5th. Jefferies Group LLC reissued a “buy” rating and set a $43.00 price objective on shares of Steel Dynamics in a research report on Thursday, August 31st. Cowen and Company reissued a “buy” rating and set a $44.00 price objective on shares of Steel Dynamics in a research report on Wednesday, July 19th. Morgan Stanley reissued a “buy” rating on shares of Steel Dynamics in a research report on Tuesday, July 18th. Finally, BidaskClub raised shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.09.
Shares of Steel Dynamics (NASDAQ:STLD) opened at $37.51 on Friday. The company has a quick ratio of 1.95, a current ratio of 3.35 and a debt-to-equity ratio of 0.80. Steel Dynamics has a 52 week low of $27.19 and a 52 week high of $40.17. The company has a market cap of $8,997.64, a PE ratio of 14.77, a P/E/G ratio of 1.18 and a beta of 1.40.
Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.66 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. Steel Dynamics had a net margin of 5.79% and a return on equity of 21.45%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the business earned $0.64 earnings per share. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. research analysts forecast that Steel Dynamics will post 2.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Saturday, September 30th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, September 28th. Steel Dynamics’s dividend payout ratio (DPR) is 28.57%.
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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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