Analysts See $0.90 EPS for Steel Dynamics, Inc. (STLD)

June 19, 2017 - By Hazel Jackson

 Analysts See $0.90 EPS for Steel Dynamics, Inc. (STLD)
Investors sentiment increased to 0.96 in 2016 Q4. 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.
Eaton Vance Management stated it has 0.01% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Focused Wealth Management holds 0.02% or 1,400 shares in its portfolio. Dynamic Cap reported 0.35% in Steel Dynamics, Inc. (NASDAQ:STLD). 631 were accumulated by . 155,994 were reported by Hancock Holding Co. Arizona State Retirement System invested in 99,030 shares or 0.05% of the stock. Cadence Capital Management Ltd owns 0.18% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 74,207 shares. United Kingdom-based Glg Ptnrs Limited Partnership has invested 0.03% in Steel Dynamics, Inc. (NASDAQ:STLD). Dixon Hubard Feinour And Brown Va stated it has 0.5% in Steel Dynamics, Inc. (NASDAQ:STLD). Proshare Ltd Com holds 0.02% or 42,520 shares in its portfolio. Passport Capital Limited Company holds 160,140 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt invested in 15,600 shares. 16,879 are owned by Da Davidson And. Bluemountain Cap Management Limited Liability Corporation reported 35,327 shares stake. Hudson Bay Mgmt L P reported 0.01% in Steel Dynamics, Inc. (NASDAQ:STLD).

Since March 16, 2017, it had 0 insider buys, and 1 sale for $5.00 million activity. $5.00 million worth of Steel Dynamics, Inc. (NASDAQ:STLD) was sold by TEETS RICHARD P JR on Thursday, March 16.

Wall Street await Steel Dynamics, Inc. (NASDAQ:STLD) to release earnings on July, 17. Analysts forecast EPS of $0.90, up exactly $0.32 or 55.17 % from 2014’s $0.58 EPS. The expected STLD’s profit could reach $219.71 million giving the stock 9.22 P/E in the case that $0.90 earnings per share is reported. After posting $0.82 EPS for the previous quarter, Steel Dynamics, Inc.’s analysts now forecast 9.76 % EPS growth. It closed at $33.18 lastly. It is down 44.39% since June 19, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.

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

Among 14 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Steel Dynamics Inc. had 40 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, October 21 by Cowen & Co. Citigroup initiated Steel Dynamics, Inc. (NASDAQ:STLD) on Monday, August 22 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Wednesday, March 23. The rating was downgraded by Credit Suisse on Thursday, January 12 to “Neutral”. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given on Wednesday, October 14 by Berenberg. Rosenblatt initiated it with “Buy” rating and $21 target in Wednesday, January 6 report. The firm earned “Overweight” rating on Monday, October 5 by Barclays Capital. The stock has “Buy” rating by Nomura on Monday, December 14. Jefferies maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating on Thursday, September 17. Jefferies has “Buy” rating and $25 target. Macquarie Research downgraded Steel Dynamics, Inc. (NASDAQ:STLD) on Tuesday, November 29 to “Neutral” rating.

Steel Dynamics, Inc. is a steel producing and a metal recycling company. The company has market cap of $8.10 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 15.57 P/E ratio. The Company’s divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations.

More news for Steel Dynamics, Inc. (NASDAQ:STLD) were recently published by: Seekingalpha.com, which released: “Steel Dynamics guides Q2 earnings below consensus” on June 16, 2017. Prnewswire.com‘s article titled: “Steel Dynamics Provides Second Quarter 2017 Guidance and Announces Second …” and published on June 16, 2017 is yet another important article.

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