Steel Dynamics (STLD) Scheduled to Post Earnings on Wednesday
Steel Dynamics (NASDAQ:STLD) will be releasing its Q313 earnings data on Wednesday, October 16th. Analysts expect Steel Dynamics to post earnings of $0.25 per share and revenue of $1.83 billion for the quarter.
Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts expect Steel Dynamics to post $0.84 EPS for the current fiscal year and $1.47 EPS for the next fiscal year.
Steel Dynamics (NASDAQ:STLD) opened at 17.23 on Tuesday. Steel Dynamics has a 1-year low of $12.02 and a 1-year high of $17.57. The stock’s 50-day moving average is $16.43 and its 200-day moving average is $15.5. The company has a market cap of $3.804 billion and a P/E ratio of 25.15.
STLD has been the subject of a number of recent research reports. Analysts at KeyCorp raised their price target on shares of Steel Dynamics from $21.00 to $22.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. On the ratings front, analysts at BMO Capital Markets initiated coverage on shares of Steel Dynamics in a research note to investors on Tuesday, September 17th. They set a “market perform” rating and a $18.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Steel Dynamics from $16.00 to $18.00 in a research note to investors on Monday, September 16th. They now have a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $17.38.
Steel Dynamics, Inc is a steel producer and metals recycler in the United States. The Company operates in three segments: steel operations, metals recycling and ferrous resources operations, and steel fabrication operations.
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