Steel Dynamics, Inc. (STLD) Analysts See $1.39 EPS on July, 18

June 27, 2018 - By Joe Cepeda

Steel Dynamics, Inc. (NASDAQ:STLD) Corporate Logo
During Q1 2018 the big money sentiment increased to 1.08. That’s change of 0.11, from 2017Q4’s 0.97. 33 investors sold all, 153 reduced holdings as Steel Dynamics, Inc. ratio is positive. 149 rose holdings while 52 funds acquired holdings. Funds hold 184.42 million shares thus 2.34% less from 2017Q4’s 188.84 million shares.
165 were accumulated by Twin Tree Mgmt L P. Driehaus Cap Mngmt Ltd Com stated it has 0.03% of its capital in Steel Dynamics, Inc. (NASDAQ:STLD). Korea Inv accumulated 790,705 shs or 0.16% of the stock. Sumitomo Mitsui Asset Mngmt Company invested 0.01% in Steel Dynamics, Inc. (NASDAQ:STLD). First Foundation Advsr has 12,831 shs for 0.03% of their capital. Goldman Sachs Grp Inc Inc invested in 4.27M shs or 0.05% of the stock. Stone Ridge Asset Management Limited Liability Corporation has 20,003 shs for 0.05% of their capital. Huntington Bankshares has 0% invested in Steel Dynamics, Inc. (NASDAQ:STLD). Dimensional Fund Advisors Lp reported 4.15M shs or 0.08% of all its holdings. Amica Retiree Med reported 0.13% in Steel Dynamics, Inc. (NASDAQ:STLD). First Personal Financial has 0.06% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 6,256 shs. Madison Inv owns 178,600 shs. Ajo Ltd Partnership has 514,933 shs for 0.1% of their capital. Moreover, Advantus Cap has 0.03% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 28,980 shs. 83,520 are owned by Globeflex Limited Partnership.

Steel Dynamics, Inc. had 4 insider sales and 0 buys since May 31, 2018. This’s net activity of $1.24 million. Wagler Theresa E sold $140,825 worth of Steel Dynamics, Inc. (NASDAQ:STLD) on Thursday, May 31. The insider BUSSE KEITH E sold 3,590 shs worth $180,653.

Steel Dynamics, Inc. (NASDAQ:STLD)’s earnings release is expected by WallStreet on July, 18, as reported by Faxor. Analysts predict $1.39 EPS, which is $0.76 up or 120.63 % from 2017’s $0.63 EPS. If STLD’s EPS is $1.39 the profit will be $327.95M for 8.41 P/E. After $0.96 EPS was announced last quarter, analysts now see EPS growth of 44.79 % for Steel Dynamics, Inc.. The stock decreased 0.26% or $0.12 during the last trading session, reaching $46.78.Currently Steel Dynamics, Inc. is uptrending after 43.55% change in last June 27, 2017. STLD has also 306,102 shares volume. The stock outperformed the S&P 500 by 30.98%.

Steel Dynamics, Inc. (NASDAQ:STLD) Ratings Coverage

In total 11 analysts cover Steel Dynamics (NASDAQ:STLD). “Buy” rating has 7, “Sell” are 0, while 4 are “Hold”. 64% are bullish. 17 are the (NASDAQ:STLD)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. On Tuesday, January 9 the rating was maintained by Jefferies with “Buy”. On Wednesday, January 10 the company was maintained by KeyBanc Capital Markets. On Tuesday, January 23 the firm earned “Buy” rating by BMO Capital Markets. The company rating was downgraded by KeyBanc Capital Markets on Thursday, June 14. The stock rating was maintained by Cowen & Co with “Buy” on Thursday, April 19. On Tuesday, April 17 the stock has “Equal-Weight” rating by Morgan Stanley. On Monday, January 8 the stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Bank of America. In Tuesday, April 24 report Citigroup maintained it with “Buy” rating and $55 target. On Monday, February 5 the stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Cowen & Co. On Thursday, March 29 the stock has “Buy” rating by Deutsche Bank.

Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally.The firm is worth $11.04 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions.The P/E ratio is 13.37. 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.

There’s an important Steel Dynamics, Inc. (NASDAQ:STLD) news published by Seekingalpha.com. It’s a report titled: “Steel Dynamics +3% after issuing above-consensus Q2 earnings view” on June 15, 2018.

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

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