Steel Dynamics (STLD) Receiving Somewhat Favorable Media Coverage, Study Shows
Headlines about Steel Dynamics (NASDAQ:STLD) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of 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 0.18 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.7434688980379 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Could Stable Scrap Prices Lift US Steel Prices? (finance.yahoo.com)
- Steel Dynamics Target of Unusually Large Options Trading (STLD) (americanbankingnews.com)
- Notable Traders Recap: Steel Dynamics, Inc., (NASDAQ: STLD), Tesco Corporation, (NASDAQ: TESO), Best Buy Co … – Stocks In The News (press release) (tradingnewsnow.com)
- Early Moves to Watch – Steel Dynamics, Inc., (NASDAQ: STLD) – Stock Watch (stocksnewstimes.com)
- Putting the Heat on Steel Dynamics, Inc. (STLD), Tapestry, Inc. (TPR) – Market Movers (financialqz.com)
Several equities analysts have recently commented on the company. ValuEngine cut Steel Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Macquarie assumed coverage on Steel Dynamics in a research note on Wednesday, September 6th. They set a “neutral” rating and a $36.00 target price for the company. Bank of America reiterated a “buy” rating and set a $44.00 target price (up from $42.00) on shares of Steel Dynamics in a research note on Tuesday, September 5th. Jefferies Group reiterated a “buy” rating and set a $43.00 target price on shares of Steel Dynamics in a research note on Thursday, August 31st. Finally, Morgan Stanley cut Steel Dynamics from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $45.00 to $33.00 in a research note on Tuesday, September 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.70.
Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. sell-side analysts predict that Steel Dynamics will post 2.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Sunday, December 31st will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 28th. Steel Dynamics’s dividend payout ratio (DPR) is presently 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.
Receive News & Stock Ratings for Steel Dynamics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steel Dynamics Inc. and related stocks with our FREE daily email newsletter.