Steel Dynamics (STLD) Receiving Somewhat Positive Press Coverage, Report Finds

Media stories about Steel Dynamics (NASDAQ:STLD) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steel Dynamics earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.4129017151276 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Steel Dynamics (STLD) traded down $0.06 during midday trading on Tuesday, reaching $40.64. The company had a trading volume of 2,117,593 shares, compared to its average volume of 3,074,154. The firm has a market capitalization of $9,643.94, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. Steel Dynamics has a 1-year low of $32.15 and a 1-year high of $41.10. 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 posted its quarterly earnings data 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 business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. Steel Dynamics’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. sell-side analysts anticipate that Steel Dynamics will post 2.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.62 dividend on an annualized basis and a yield of 1.53%. Steel Dynamics’s dividend payout ratio (DPR) is currently 28.57%.

STLD has been the subject of several research analyst reports. Bank of America upped their price target on shares of Steel Dynamics from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Cowen set a $43.00 price target on shares of Steel Dynamics and gave the stock a “buy” rating in a report on Friday, October 20th. Citigroup upped their price target on shares of Steel Dynamics from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Jefferies Group restated a “buy” rating and issued a $43.00 price objective on shares of Steel Dynamics in a report on Thursday, August 31st. Finally, KeyCorp restated a “buy” rating and issued a $44.00 price objective on shares of Steel Dynamics in a report on Friday, November 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.70.

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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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