Steel Dynamics, Inc. (NASDAQ:STLD) – Analysts at KeyCorp reduced their Q1 2018 earnings estimates for shares of Steel Dynamics in a note issued to investors on Sunday. KeyCorp analyst P. Gibbs now expects that the basic materials company will earn $0.92 per share for the quarter, down from their previous estimate of $0.99. KeyCorp has a “Buy” rating and a $49.00 price objective on the stock. KeyCorp also issued estimates for Steel Dynamics’ FY2018 earnings at $4.20 EPS.
Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings data on Monday, January 22nd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. Steel Dynamics had a return on equity of 21.48% and a net margin of 8.52%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.17 billion.
STLD stock opened at $45.43 on Wednesday. Steel Dynamics has a 52 week low of $32.15 and a 52 week high of $50.70. The company has a quick ratio of 2.29, a current ratio of 4.04 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $11,083.55, a P/E ratio of 13.48, a PEG ratio of 0.96 and a beta of 1.27.
A number of large investors have recently added to or reduced their stakes in the business. Dixon Hubard Feinour & Brown Inc. VA increased its position in Steel Dynamics by 2.4% during the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 46,729 shares of the basic materials company’s stock valued at $2,015,000 after purchasing an additional 1,100 shares during the period. Public Employees Retirement Association of Colorado increased its position in Steel Dynamics by 2.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 49,185 shares of the basic materials company’s stock valued at $2,121,000 after purchasing an additional 1,306 shares during the period. Steward Partners Investment Advisory LLC increased its position in Steel Dynamics by 43.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,664 shares of the basic materials company’s stock valued at $201,000 after purchasing an additional 1,408 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Steel Dynamics by 9.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,133 shares of the basic materials company’s stock valued at $556,000 after purchasing an additional 1,416 shares during the period. Finally, Covenant Asset Management LLC increased its position in Steel Dynamics by 3.4% during the 4th quarter. Covenant Asset Management LLC now owns 44,011 shares of the basic materials company’s stock valued at $1,898,000 after purchasing an additional 1,460 shares during the period. 85.42% of the stock is owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Saturday, March 31st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Wednesday, March 28th. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.16. Steel Dynamics’s dividend payout ratio is currently 18.40%.
Steel Dynamics Company Profile
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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