Finance

Steel Dynamics, Inc. (NASDAQ:STLD) declared EPS of 0.43

Steel Dynamics, Inc. (NASDAQ:STLD) declared EPS of 0.43

Analyst's consensus target price is measured at $63.44 for twelve month. BMO Capital Markets restated a "buy" rating and issued a $48.00 price objective on shares of Steel Dynamics in a research report on Wednesday, March 22nd. Macquarie restated a "neutral" rating on shares of Steel Dynamics in a research report on Monday, March 20th.

In related news, Director Richard P. Teets, Jr. sold 140,295 shares of the company's stock in a transaction on Thursday, March 16th. In terms of recent volatility, the average for the month is 3.31% and 3.03% for the past week.

Steel Dynamics (NASDAQ:STLD) traded up 0.09% during midday trading on Wednesday, reaching $32.70. 3 Months Ago, the stock has been recommended as Buy from 11 and 1 suggested Sell for the stock. (STLD) are trading -17.92% downward from the 52-week high mark and 47.46% above from the fifty two-week low mark. The company has a market capitalization of $7.98 billion, a P/E ratio of 21.10 and a beta of 1.35. Current price places the company's stock 6.25% away from its 200-day simple moving average, -6.94%, away from the 50-day average and also -4.46% away from 20-day average.

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Steel Dynamics (NASDAQ:STLD) last posted its earnings results on Tuesday, January 24th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business posted $0.09 earnings per share. The analyst projections are -$0.23 in EPS on $44.3 million in revenues. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steel Dynamics, Inc. with MarketBeat.com's FREE daily email newsletter. If you are accessing this news story on another publication, it was stolen and reposted in violation of US and worldwide copyright and trademark laws. The correct version of this news story can be viewed at [[permalink]].

(NASDAQ/GS: STLD) announced that, effective at 2:00 PM Eastern Daylight Time on Monday, April 17, 2017, the Securities Exchange Commission declared effective its previously filed Form S-4 Registration Statement for the exchange of up to $400.0 million aggregate principal amount of its newly issued 5.000% Senior Notes due 2026 (the "Exchange Notes"), that have now been registered under the Securities Act of 1933, as amended (the "Securities Act"), for like principal amounts of any or all of its unregistered outstanding 5.000% Senior Notes due 2026 (the "Old Notes"), issued on December 6, 2016. Stockholders of record on Friday, March 31st were given a dividend of $0.155 per share. The firm earned "Overweight" rating on Wednesday, March 23 by KeyBanc Capital Markets. This represents a $0.62 annualized dividend and a yield of 1.90%. Cibc Asset Inc holds 0.01% of its portfolio in Steel Dynamics, Inc. The Relative Volume value measured for Steel Dynamics Inc. The stock was sold at an average price of $35.64, for a total value of $5,000,113.80. For the past 5 days of trading, the stock has seen a move of -7.09%. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.10% of the company's stock. The company's steel production utilization rate was 95 percent in the first quarter 2017, contrast to 81 percent in the sequential fourth quarter and contrast to the domestic industry utilization rate of 75 percent. Boston Partners raised its position in Steel Dynamics by 2.2% in the third quarter. The company's last traded volume of 3.2 million shares was above it's an average volume of 3.56 million shares.

First quarter 2017 operating income attributable to the company's flat roll products raised 67% when contrast to the sequential fourth quarter, driven by an 11% increase in shipments combined with metal spread expansion. UBS Asset Management Americas Inc. now owns 368,750 shares of the basic materials company's stock worth $9,215,000 after buying an additional 87,769 shares during the period. 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. The Company's divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations.


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