Analysts See $1.39 EPS for Steel Dynamics, Inc. (STLD)

June 15, 2018 - By Michael Taylor

Steel Dynamics, Inc. (NASDAQ:STLD) LogoInvestors sentiment increased to 1.08 in 2018 Q1. 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.
Vident Investment Advisory Limited Co invested in 0.14% or 75,643 shares. 5,841 are held by Granahan Mngmt Ma. Hanseatic Mngmt Services accumulated 13,375 shares or 0.57% of the stock. Dimensional Fund Advsr Lp accumulated 4.15M shares or 0.08% of the stock. Bluecrest Capital Mgmt owns 25,083 shares. Impact Advisors Ltd Liability Company holds 1.2% in Steel Dynamics, Inc. (NASDAQ:STLD) or 66,216 shares. Bnp Paribas Asset Mngmt Hldg Sa stated it has 0.01% in Steel Dynamics, Inc. (NASDAQ:STLD). Winslow Evans And Crocker Inc accumulated 346 shares or 0% of the stock. Morgan Stanley reported 1.53 million shares. Michigan-based Plante Moran Limited Liability has invested 0% in Steel Dynamics, Inc. (NASDAQ:STLD). 1.39M were reported by Jpmorgan Chase &. Bluestein R H reported 0.03% in Steel Dynamics, Inc. (NASDAQ:STLD). Moreover, Royal Bank Of Canada has 0.01% invested in Steel Dynamics, Inc. (NASDAQ:STLD). Fjarde Ap reported 53,721 shares. 510,691 are owned by Jennison Assoc Ltd Liability Co.

Since May 31, 2018, it had 0 insider buys, and 4 insider sales for $1.24 million activity. KOLB JURGEN DR sold $230,186 worth of stock or 4,512 shares. $180,653 worth of Steel Dynamics, Inc. (NASDAQ:STLD) was sold by BUSSE KEITH E on Monday, June 11.

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 8.81 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 0.35% or $0.17 during the last trading session, reaching $49.01. About 1.95 million shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 43.55% since June 15, 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), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Steel Dynamics had 18 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Cowen & Co on Wednesday, January 24. As per Tuesday, January 9, the company rating was maintained by Jefferies. Cowen & Co maintained the shares of STLD in report on Thursday, April 19 with “Buy” rating. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Cowen & Co on Monday, February 5. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, January 10. The rating was downgraded by Credit Suisse to “Hold” on Tuesday, June 12. The firm has “Buy” rating given on Wednesday, December 20 by Longbow. Cowen & Co maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating on Thursday, January 4. Cowen & Co has “Buy” rating and $53.0 target. Cowen & Co maintained the stock with “Buy” rating in Monday, December 18 report. The rating was maintained by Bank of America with “Buy” on Monday, January 8.

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 $11.56 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions. It has a 14.01 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.

More news for Steel Dynamics, Inc. (NASDAQ:STLD) were recently published by: 247Wallst.com, which released: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” and published on June 14, 2018 is yet another important article.

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

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