Steel Dynamics, Inc. (STLD) Analysts See $0.74 EPS

September 17, 2017 - By Ellis Scott

 Steel Dynamics, Inc. (STLD) Analysts See $0.74 EPS
Investors sentiment increased to 0.96 in Q4 2016. Its up 0.05, from 0.91 in 2016Q3. It increased, as 28 investors sold Steel Dynamics, Inc. shares while 162 reduced holdings. 82 funds opened positions while 101 raised stakes. 201.62 million shares or 6.17% more from 189.89 million shares in 2016Q3 were reported.
Quantbot Technology Lp accumulated 93,165 shares. Glenmede Trust Na reported 12,300 shares stake. 3.73M are held by Commercial Bank Of Mellon. Victory Cap Inc has invested 0.04% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Ajo Limited Partnership stated it has 100,742 shares. Cohen & Steers holds 0.03% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 351,149 shares. Royal National Bank & Trust Of Canada owns 1.05 million shares. Bnp Paribas Arbitrage Sa has 307,226 shares for 0.05% of their portfolio. Highland Mgmt Llc has invested 0.1% in Steel Dynamics, Inc. (NASDAQ:STLD). Tci Wealth accumulated 57 shares or 0% of the stock. Retail Bank Of America Corp De has invested 0.01% in Steel Dynamics, Inc. (NASDAQ:STLD). Indiana-based Old National National Bank In has invested 0.03% in Steel Dynamics, Inc. (NASDAQ:STLD). Blackrock Institutional Tru Com Na holds 0.04% or 7.74 million shares. Blackrock has 0.01% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 168,018 shares. Hudson Bay Capital Mngmt L P has invested 0.01% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD).

Wall Street await Steel Dynamics, Inc. (NASDAQ:STLD) to release earnings on October, 18. Analysts forecast EPS of $0.74, up exactly $0.09 or 13.85 % from 2014’s $0.65 EPS. The expected STLD’s profit could reach $177.56 million giving the stock 11.26 P/E in the case that $0.74 earnings per share is reported. After posting $0.63 EPS for the previous quarter, Steel Dynamics, Inc.’s analysts now forecast 17.46 % EPS growth. The stock decreased 0.15% or $0.05 on September 15, reaching $33.34. About 4.43M shares traded or 61.68% up from the average. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 44.39% since September 17, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.

Steel Dynamics, Inc. (NASDAQ:STLD) Ratings Coverage

Among 15 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Steel Dynamics Inc. had 53 analyst reports since July 22, 2015 according to SRatingsIntel. Rosenblatt maintained it with “Neutral” rating and $24 target in Tuesday, May 10 report. The firm has “Buy” rating by Jefferies given on Wednesday, January 13. The firm earned “Buy” rating on Monday, December 14 by Nomura. The stock has “Outperform” rating by Credit Suisse on Wednesday, March 23. The company was downgraded on Monday, November 14 by Rosenblatt. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Overweight” rating given on Tuesday, April 19 by Barclays Capital. Deutsche Bank maintained it with “Buy” rating and $42 target in Monday, December 5 report. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Bank of America on Friday, July 21. The firm has “Buy” rating by Berenberg given on Tuesday, March 8. The firm has “Equal-Weight” rating given on Tuesday, September 12 by Morgan Stanley.

Steel Dynamics, Inc. is a steel producing and a metal recycling company. The company has market cap of $8.00 billion. The Firm 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. It has a 15.29 P/E ratio. The Company’s divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations.

More recent Steel Dynamics, Inc. (NASDAQ:STLD) news were published by: Nasdaq.com which released: “Steel Dynamics Completes Sale of $350M Senior Notes Due 2025” on September 14, 2017. Also Prnewswire.com published the news titled: “Steel Dynamics Announces Tender Offer for any and all of its 6.375% Senior …” on September 06, 2017. Prnewswire.com‘s news article titled: “Steel Dynamics Announces Settlement of Previously Announced Tender Offer and …” with publication date: September 13, 2017 was also an interesting one.

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