Jefferies Group Lowers Steel Dynamics EPS Estimates (STLD)
Equities research analysts at Jefferies Group reduced their EPS estimates on shares of Steel Dynamics (NASDAQ:STLD) in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating and a $19.00 price objective on the company’s shares. Jefferies Group’s price target points to a potential upside of 12.76% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. Analysts at Goldman Sachs Group Inc. upgraded shares of Steel Dynamics from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 4th. They now have a $22.00 price target on the stock, up previously from $18.44. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Steel Dynamics currently has a consensus rating of “Buy” and an average price target of $19.40.
Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.24 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.24. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis.
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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