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

June 17, 2018 - By Stephen Andrade

Steel Dynamics, Inc. (NASDAQ:STLD) LogoInvestors sentiment increased to 1.08 in Q1 2018. Its up 0.11, from 0.97 in 2017Q4. It increased, 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.
Hanseatic Management Serv accumulated 13,375 shares or 0.57% of the stock. Credit Suisse Ag owns 468,675 shares or 0.02% of their US portfolio. First Interstate Financial Bank reported 858 shares or 0.01% of all its holdings. Gateway Investment Advisers Lc stated it has 0.08% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Sandler Mgmt reported 0.48% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Victory Management Inc reported 430,512 shares. L And S Advsrs has 18,614 shares. Meeder Asset Management invested 0.15% in Steel Dynamics, Inc. (NASDAQ:STLD). Prudential Financial holds 0.1% or 1.55 million shares in its portfolio. Principal Gru reported 0.07% stake. Private Wealth Advsrs has invested 0.42% in Steel Dynamics, Inc. (NASDAQ:STLD). Cubist Systematic Strategies Ltd Company has 12,974 shares. The Iowa-based Miles Cap Inc has invested 0.77% in Steel Dynamics, Inc. (NASDAQ:STLD). Avalon Advisors Ltd Liability reported 0.09% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Westpac invested 0% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD).

Since May 31, 2018, it had 0 buys, and 4 sales for $1.24 million activity. Wagler Theresa E also sold $140,825 worth of Steel Dynamics, Inc. (NASDAQ:STLD) on Thursday, May 31. BUSSE KEITH E also sold $180,653 worth of Steel Dynamics, Inc. (NASDAQ:STLD) 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 $327.94 million giving it 8.41 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 4.59% or $2.25 during the last trading session, reaching $46.76. About 5.67 million shares traded or 158.29% up from the average. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 43.55% since June 18, 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), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Steel Dynamics had 19 analyst reports since December 18, 2017 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, April 17 report. The rating was maintained by Citigroup on Tuesday, April 24 with “Buy”. The rating was maintained by Credit Suisse on Wednesday, January 24 with “Outperform”. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given on Wednesday, January 10 by KeyBanc Capital Markets. Deutsche Bank maintained it with “Buy” rating and $53 target in Thursday, March 29 report. The stock has “Buy” rating by Cowen & Co on Wednesday, January 24. The firm earned “Buy” rating on Thursday, April 19 by Cowen & Co. Cowen & Co maintained the shares of STLD in report on Monday, February 5 with “Buy” rating. On Thursday, January 4 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Longbow on Wednesday, December 20.

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 $11.03 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions. It has a 13.36 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: Seekingalpha.com, which released: “Steel Dynamics +3% after issuing above-consensus Q2 earnings view” on June 15, 2018. Seekingalpha.com‘s article titled: “Steel firms favored by Trump tumble after latest tariff moves” and published on June 15, 2018 is yet another important article.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.