Media coverage about Steel Dynamics (NASDAQ:STLD) has trended positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Steel Dynamics earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 72 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Steel Stock With 360% Earnings Growth Tests Its Mettle (finance.yahoo.com)
- Jefferies Group LLC Reaffirms Buy Rating for Steel Dynamics, Inc. (STLD) (americanbankingnews.com)
- Steel Dynamics (STLD) Earns Daily News Sentiment Rating of 0.10 (ismboard.com)
- China Gerui Adv Mtals Grp (CHOP) and Steel Dynamics (STLD) Head-To-Head Survey (americanbankingnews.com)
- Analyst Perspective: How Much Upside Does Steel Dynamics Have? (finance.yahoo.com)
Shares of Steel Dynamics (NASDAQ:STLD) traded up 0.48% on Tuesday, hitting $33.65. The company’s stock had a trading volume of 903,031 shares. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 15.89 and a beta of 1.29. Steel Dynamics has a one year low of $22.79 and a one year high of $40.17. The stock has a 50-day moving average price of $34.61 and a 200 day moving average price of $35.48.
Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Wednesday, April 19th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.19 billion. Steel Dynamics had a net margin of 6.19% and a return on equity of 21.77%. The business’s revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. Equities research analysts predict that Steel Dynamics will post $2.83 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.85%. Steel Dynamics’s dividend payout ratio is currently 29.25%.
Several equities research analysts have recently issued reports on STLD shares. Zacks Investment Research cut Steel Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, March 8th. Berenberg Bank reaffirmed a “buy” rating and issued a $44.00 target price on shares of Steel Dynamics in a report on Thursday, March 16th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Steel Dynamics in a report on Thursday, March 16th. Macquarie reaffirmed a “neutral” rating on shares of Steel Dynamics in a report on Monday, March 20th. Finally, Deutsche Bank AG lifted their target price on Steel Dynamics from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. Steel Dynamics currently has a consensus rating of “Buy” and an average target price of $38.03.
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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.
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