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

June 13, 2018 - By Jeanette Kaplan

Steel Dynamics, Inc. (NASDAQ:STLD) LogoInvestors sentiment increased to 1.08 in 2018 Q1. Its up 0.11, from 0.97 in 2017Q4. It improved, 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.
Moreover, Nikko Asset Americas has 0.52% invested in Steel Dynamics, Inc. (NASDAQ:STLD). Victory Capital Mngmt Incorporated holds 0.04% or 430,512 shares. Wells Fargo & Mn has invested 0.02% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Schwab Charles Investment Mngmt holds 0.03% or 884,445 shares in its portfolio. Atlantic Grp Limited Liability Company holds 0% or 839 shares in its portfolio. First Fincl In reported 1,000 shares stake. California State Teachers Retirement Systems has 0.04% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 374,637 shares. Rmb Capital Mgmt Ltd Liability Corp holds 0.08% or 69,405 shares. Pension reported 0% in Steel Dynamics, Inc. (NASDAQ:STLD). Zweig accumulated 0.02% or 5,400 shares. Union Bancorporation Corp invested 0.13% in Steel Dynamics, Inc. (NASDAQ:STLD). Laurion Cap Mngmt Lp accumulated 37,208 shares or 0.01% of the stock. South Dakota Invest Council accumulated 0.06% or 60,000 shares. Federated Invsts Pa reported 134,198 shares. Palisades Hudson Asset Mgmt Lp holds 7,198 shares or 0.17% of its portfolio.

Since May 31, 2018, it had 0 insider purchases, and 2 sales for $371,011 activity. Another trade for 4,512 shares valued at $230,186 was sold by KOLB JURGEN DR.

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 stock has “Buy” rating by Cowen & Co on Thursday, April 19. The firm earned “Buy” rating on Tuesday, January 23 by BMO Capital Markets. Credit Suisse maintained it with “Outperform” rating and $53 target in Wednesday, January 24 report. Cowen & Co maintained the shares of STLD in report on Thursday, January 4 with “Buy” rating. The firm has “Buy” rating given on Monday, January 8 by Bank of America. Jefferies maintained the shares of STLD in report on Tuesday, January 23 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets on Wednesday, January 10 with “Buy”. Longbow upgraded the stock to “Buy” rating in Wednesday, December 20 report. Deutsche Bank maintained it with “Buy” rating and $53 target in Thursday, March 29 report. Cowen & Co maintained the stock with “Buy” rating in Monday, February 5 report.

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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