Steel Dynamics (NASDAQ:STLD) Receiving Somewhat Positive Media Coverage, Study Finds
Media headlines about Steel Dynamics (NASDAQ:STLD) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of 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 0.16 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.3667319206978 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Steel Dynamics Inc (STLD) Sees Technical Signals Building – Evergreen Caller (evergreencaller.com)
- Steel Dynamics: Analysts Seem Bullish after Its Earnings (finance.yahoo.com)
- Trading Watch: Levels in Review For Steel Dynamics Inc (STLD) – Berry Recorder (berryrecorder.com)
- Cliffs and US Steel Production in the First Half of 2017 (finance.yahoo.com)
- The Banced Corp Acquires 531 Shares of Steel Dynamics, Inc. (NASDAQ:STLD) (overnewsmagazine.com)
Shares of Steel Dynamics (STLD) opened at 35.27 on Friday. The company has a market capitalization of $8.51 billion, a PE ratio of 16.20 and a beta of 1.23. Steel Dynamics has a 52-week low of $22.79 and a 52-week high of $40.17. The stock has a 50 day moving average price of $35.49 and a 200 day moving average price of $35.24.
Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Wednesday, July 19th. The basic materials company reported $0.63 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. Steel Dynamics had a return on equity of 21.75% and a net margin of 6.07%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, analysts predict that Steel Dynamics will post $2.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 30th were paid a dividend of $0.155 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.62 annualized dividend and a dividend yield of 1.76%. Steel Dynamics’s dividend payout ratio is currently 28.57%.
STLD has been the topic of a number of research reports. Clarkson Capital restated a “neutral” rating on shares of Steel Dynamics in a report on Thursday, July 20th. Zacks Investment Research cut Steel Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. Berenberg Bank reaffirmed a “buy” rating and set a $46.00 target price on shares of Steel Dynamics in a research report on Monday, June 19th. Credit Suisse Group raised Steel Dynamics from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Wednesday, May 24th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Steel Dynamics in a research report on Saturday, June 24th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.79.
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In other news, insider Christopher A. Graham sold 5,021 shares of Steel Dynamics stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $38.05, for a total transaction of $191,049.05. Following the completion of the transaction, the insider now directly owns 26,778 shares in the company, valued at approximately $1,018,902.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith E. Busse sold 4,965 shares of Steel Dynamics stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $38.42, for a total value of $190,755.30. Following the transaction, the director now owns 1,005,666 shares of the company’s stock, valued at $38,637,687.72. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
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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