Headlines about Steel Dynamics (NASDAQ:STLD) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Steel Dynamics earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.4847982374687 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Steel Dynamics (STLD) Given a $51.00 Price Target at Bank of America (americanbankingnews.com)
- Nucor’s Strength Is Hidden In Plain Sight (finance.yahoo.com)
- Nucor's Strength Is Hidden In Plain Sight (finance.yahoo.com)
- Steel Stocks: A Riveting Outlook (finance.yahoo.com)
- Steel Dynamics (STLD) Price Target Increased to $53.00 by Analysts at Deutsche Bank (americanbankingnews.com)
Several research firms recently issued reports on STLD. Zacks Investment Research lowered Steel Dynamics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 14th. BidaskClub lowered Steel Dynamics from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 8th. Credit Suisse Group upped their target price on Steel Dynamics from $43.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. BMO Capital Markets upped their target price on Steel Dynamics to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Cowen reiterated an “outperform” rating and set a $60.00 target price (up previously from $53.00) on shares of Steel Dynamics in a report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $48.29.
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 consensus estimate of $0.49 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.17 billion. Steel Dynamics had a return on equity of 21.48% and a net margin of 8.52%. equities research analysts expect that Steel Dynamics will post 4.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Saturday, March 31st will be paid a $0.1875 dividend. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, March 28th. This represents a $0.75 annualized dividend and a yield of 1.70%. Steel Dynamics’s dividend payout ratio is currently 28.30%.
About Steel Dynamics
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 operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment provides hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; merchant bar products, including angles, merchant rounds, flats, channels, and reinforcing bars; beams, channels, and specialty steel sections; and threaded rod products, and cold drawn and heat treated bars.
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