Analytical Report on Steel Dynamics Inc. (STLD)
- Author: Zachary Reyes Mar 20, 2017,
Mar 20, 2017, 13:20
The price to book ratio of the company for the most recent quarter is 3.3.
Many research firms have provided their ratings on Steel Dynamics Inc. This is a positive change from Steel Dynamics's previous quarterly dividend of $0.14. Zacks Investment Research raised shares of Steel Dynamics from a hold rating to a buy rating and set a $41.00 price target on the stock in a research note on Tuesday, December 27th.
3/16/2017-Berenberg Bank Reiterated Rating of Buy. The stock now has a consensus rating of Buy and a consensus target price of $34.75.
Steel Dynamics Inc. (STLD) topped its 52-week high price of $40.17 on Dec 8, 2016 and 52-Week Low Price of $21.57 on April 1, 2016. The 52-Week High range of the stock is $40.17, while the 52-week low range is $21.41.
Steel Dynamics, Inc.is a steel producing and a metal recycling company.
Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Tuesday, January 24th. The company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The company earned $1.91 billion during the quarter, compared to analysts' expectations of $1.88 billion. Steel Dynamics had a net margin of 4.91% and a return on equity of 17.30%. Steel Dynamics's quarterly revenue was up 20.1% compared to the same quarter previous year. (STLD)'s shares have the potential to reach a high EPS of 0.74 per share, and a low EPS of 0.49 per share in the current quarter. The consensus estimate for current quarter is $0.62 and for the current fiscal year, the estimate is $2.51.
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Several institutional investors have recently modified their holdings of the company. Virginia Retirement Systems ET AL boosted its stake in Steel Dynamics by 7.9% in the third quarter. "Our ability to consistently generate strong cash flow throughout all market cycles has clearly been demonstrated", he said, adding that the company has also been repurchasing stock. Macquarie Downgrades Steel Dynamics Inc. 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 period.
On 6/22/2015 Steel Dynamics announced a quarterly dividend of $0.14 2.46% with an ex dividend date of 6/26/2015 which will be payable on 7/10/2015.
Currently, the company has SMA200 (200-day simple moving average) of 18.94 Percent.
1/12/2017-Credit Suisse Group AG was Downgraded by analysts at Credit Suisse Group AG from a "Outperform " rating to a " Neutral" rating.
The PEG ratio (price/earnings to growth ratio) is a valuation metric used to assess the relative trade-off between the price of a stock, the earnings per share (EPS), and the company's expected growth. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Steel Dynamics during the fourth quarter worth approximately $1,779,000. The Insider Ownership of the company now is 4.1 percent, and Institutional Ownership is 88.7 percent.