Steel Dynamics (STLD) Receiving Somewhat Favorable Media Coverage, Study Shows
News headlines about Steel Dynamics (NASDAQ:STLD) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Steel Dynamics earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.5234123187279 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Steel Dynamics (NASDAQ:STLD) opened at $37.23 on Friday. Steel Dynamics has a 52-week low of $31.28 and a 52-week high of $40.17. The company has a market capitalization of $8,812.24, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.17 and a beta of 1.40. The company has a quick ratio of 1.95, a current ratio of 3.35 and a debt-to-equity ratio of 0.80.
Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. The business’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. sell-side analysts expect that Steel Dynamics will post 2.66 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Saturday, September 30th were given a $0.155 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.62 dividend on an annualized basis and a yield of 1.67%. Steel Dynamics’s payout ratio is 28.57%.
Several research firms have recently issued reports on STLD. Clarkson Capital reiterated a “neutral” rating on shares of Steel Dynamics in a research note on Thursday, July 20th. BidaskClub downgraded Steel Dynamics from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Steel Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Longbow Research downgraded Steel Dynamics from a “buy” rating to a “neutral” rating in a research note on Monday, October 2nd. Finally, Citigroup Inc. decreased their price target on Steel Dynamics from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, September 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $41.09.
About Steel Dynamics
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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