Steel Dynamics, Inc. (STLD) EPS Estimated At $1.39

June 13, 2018 - By Lisa Tanner

Steel Dynamics, Inc. (NASDAQ:STLD) LogoInvestors sentiment increased to 1.08 in Q1 2018. Its up 0.11, from 0.97 in 2017Q4. It is positive, as 33 investors sold Steel Dynamics, Inc. shares while 153 reduced holdings. 52 funds opened positions while 149 raised stakes. 184.42 million shares or 2.34% less from 188.84 million shares in 2017Q4 were reported.
Ontario Teachers Pension Plan Board invested in 0% or 7,113 shares. State Of Alaska Department Of Revenue invested 0.02% in Steel Dynamics, Inc. (NASDAQ:STLD). The South Dakota-based South Dakota Council has invested 0.06% in Steel Dynamics, Inc. (NASDAQ:STLD). Lord Abbett Communication Ltd Com accumulated 749,800 shares or 0.1% of the stock. Affinity Ltd accumulated 0.25% or 47,773 shares. Hanseatic Mgmt holds 13,375 shares. Bkd Wealth Advsrs Ltd Limited Liability Company holds 10,505 shares or 0.05% of its portfolio. Element Cap Mngmt Limited Liability Company owns 16,121 shares or 0.02% of their US portfolio. Creative Planning holds 0% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 19,364 shares. 168,202 were reported by Voloridge Investment Mgmt Limited Liability. Aqr Capital Limited Liability holds 1.80M shares. Eaton Vance Management holds 0.03% or 315,451 shares in its portfolio. Price T Rowe Assoc Inc Md owns 1.45M shares. Van Eck Assoc holds 2.62M shares or 0.58% of its portfolio. Clearbridge Investments Limited Com stated it has 0% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD).

Since May 31, 2018, it had 0 insider purchases, and 2 sales for $371,011 activity. Shares for $140,825 were sold by Wagler Theresa E on Thursday, May 31.

Analysts expect Steel Dynamics, Inc. (NASDAQ:STLD) to report $1.39 EPS on July, 18.They anticipate $0.76 EPS change or 120.63 % from last quarter’s $0.63 EPS. STLD’s profit would be $327.94M giving it 8.85 P/E if the $1.39 EPS is correct. After having $0.96 EPS previously, Steel Dynamics, Inc.’s analysts see 44.79 % EPS growth. The stock decreased 1.21% or $0.6 during the last trading session, reaching $49.18. About 2.13M shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 43.55% since June 14, 2017 and is uptrending. It has outperformed by 30.98% the S&P500.

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

Among 12 analysts covering Steel Dynamics (NASDAQ:STLD), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Steel Dynamics had 17 analyst reports since December 18, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, January 23 by BMO Capital Markets. Credit Suisse maintained the shares of STLD in report on Wednesday, January 24 with “Outperform” rating. The company was maintained on Monday, February 5 by Cowen & Co. Cowen & Co maintained the stock with “Buy” rating in Wednesday, January 24 report. Citigroup maintained the shares of STLD in report on Tuesday, April 24 with “Buy” rating. Cowen & Co maintained Steel Dynamics, Inc. (NASDAQ:STLD) on Thursday, April 19 with “Buy” rating. The firm has “Buy” rating by Cowen & Co given on Monday, December 18. The firm has “Equal-Weight” rating given on Tuesday, April 17 by Morgan Stanley. Jefferies maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating on Tuesday, January 9. Jefferies has “Buy” rating and $53.0 target. The firm earned “Buy” rating on Thursday, January 4 by Cowen & Co.

Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company has market cap of $11.60 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions. It has a 14.06 P/E ratio. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; threaded rod products, and cold drawn and heat treated bars; angles, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections.

Another recent and important Steel Dynamics, Inc. (NASDAQ:STLD) news was published by which published an article titled: “US Steel Corporation Is Primed for a Massive Breakout” on June 13, 2018.

Steel Dynamics, Inc. (NASDAQ:STLD) Institutional Positions Chart

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