Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Steel Dynamics (STLD) Share Price
Press coverage about Steel Dynamics (NASDAQ:STLD) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Steel Dynamics earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.4953345200282 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
STLD has been the topic of several recent analyst reports. Bank of America Corporation increased their target price on Steel Dynamics from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Jefferies Group LLC reiterated a “buy” rating and set a $43.00 target price (up from $42.00) on shares of Steel Dynamics in a research report on Saturday, July 22nd. Clarkson Capital reiterated a “neutral” rating on shares of Steel Dynamics in a research report on Thursday, July 20th. BidaskClub upgraded Steel Dynamics from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Steel Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.70.
Steel Dynamics (STLD) traded down $0.07 during trading on Friday, hitting $36.95. The stock had a trading volume of 1,374,800 shares, compared to its average volume of 3,125,288. The stock has a market cap of $8,730.00, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.40. The company has a current ratio of 3.35, a quick ratio of 1.95 and a debt-to-equity ratio of 0.80. Steel Dynamics has a 52 week low of $32.15 and a 52 week high of $40.17.
Steel Dynamics (NASDAQ:STLD) last posted its earnings results on Wednesday, October 18th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. analysts expect that Steel Dynamics will post 2.67 EPS for the current fiscal year.
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Steel Dynamics Company Profile
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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