Fourth quarter average steel product pricing is expected to decrease, more than offsetting the savings derived from lower ferrous scrap costs. Tracking company EPS may help to evaulate company stock value.
The company has its Return on Assets (ROA) of 6.5 Percent.
A number of other large investors also recently added to or reduced their stakes in STLD.
Steel Dynamics Inc. (NASDAQ:STLD) reported its EPS in the last quarter as $0.64/Share Lagging the analyst estimate of $0.66/Share by the difference of $-0.02.
Investment analysts at KeyCorp upped their Q4 2016 EPS estimates for Steel Dynamics in a research note issued on Tuesday. Hancock Holding Co. raised its position in shares of Steel Dynamics by 26.5% in the third quarter.
Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 6 analysts of Thomson Reuters, 14 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating. LLC boosted its position in shares of Reliance Steel & Aluminum Co.by 4.9% in the second quarter.
Company latest quarter ended on 30 Sep 2016.
Shares of Reliance Steel & Aluminum Co.
While looking at the Stock's Performance, Steel Dynamics Inc. now shows a Weekly Performance of -5.53%, where Monthly Performance is 11.19%, Quarterly performance is 56.7%, 6 Months performance is 43.79% and yearly performance percentage is 123.29%. Finally, Municipal Employees Retirement System of MI raised its position in shares of Steel Dynamics by 1.4% in the third quarter. The company reported the earnings of $0.64/Share in the last quarter where the estimated EPS by analysts was $0.66/share.
The share price of Olympic Steel, Inc.
Steel Dynamics, Inc. opened at $36.35 and closed by showing an increase of 1.36%. The company had a trading volume of 212,559 shares. The company has a market cap of $8.94 billion, a P/E ratio of 82.61 and a beta of 1.46. Steel Dynamics has a one year low of $15.32 and a one year high of $40.17. It has a past 5-day performance of -1.67 percent and trades at an average volume of 9.16M shares. Steel Dynamics had a net margin of 1.46% and a return on equity of 14.52%. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. The business's revenue was up 7.7% on a year-over-year basis. Analysts mean target price for Steel Dynamics, Inc.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. There were earnings of $0.32 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.53%.
TRADEMARK VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and global trademark and copyright law. The correct version of this article can be accessed at https://www.com-unik.info/2016/12/16/steel-dynamics-inc-stld-shares-sold-by-south-dakota-investment-council.html. The number of times the company missed analysts' estimates is 1.
Visa Inc. (NYSE:V) was Upgraded by BofA/Merrill to " Buy". They set a "buy" rating and a $33.00 target price for the company. Zacks Investment Research upgraded Reliance Steel & Aluminum Co. from a hold rating to a buy rating and set a $94.00 price objective for the company in a report on Friday, July 15th. For the next 5 years, Steel Dynamics Inc.is expecting Growth of 51.91% per annum, whereas in the past 5 years the growth was 15% per annum. We make no recommendation that the securities of the companies profiled or discussed in on our website should be purchased, sold or held by investors. The stock presently has a consensus rating of "Hold" and a consensus price target of $81.11. The share price is now 3.53 percent versus its SMA20, 22.19 percent versus its SMA50, and 44.48 percent versus its SMA200. The stock was sold at an average price of $77.29, for a total value of $2,842,880.78. In the prior year, the company has recorded adjusted results of $0.09 per share.