Steel Dynamics (STLD) Earns Media Impact Score of 0.15

Press coverage about Steel Dynamics (NASDAQ:STLD) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Steel Dynamics earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.4620292137052 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Steel Dynamics (STLD) traded up $0.22 on Wednesday, hitting $37.72. 1,193,822 shares of the company were exchanged, compared to its average volume of 3,090,126. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.35 and a quick ratio of 1.95. Steel Dynamics has a one year low of $32.15 and a one year high of $40.17. The company has a market capitalization of $8,940.00, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.17 and a beta of 1.40.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. Steel Dynamics had a net margin of 5.79% and a return on equity of 21.45%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. analysts predict that Steel Dynamics will post 2.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Sunday, December 31st will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 28th. Steel Dynamics’s dividend payout ratio is 28.57%.

A number of research firms have weighed in on STLD. Morgan Stanley set a $36.00 price objective on shares of Steel Dynamics and gave the company a “hold” rating in a research note on Tuesday, October 24th. Bank of America Corporation raised their price objective on shares of Steel Dynamics from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Cowen and Company set a $43.00 price objective on shares of Steel Dynamics and gave the company a “buy” rating in a research note on Friday, October 20th. Citigroup Inc. raised their price objective on shares of Steel Dynamics from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, KeyCorp raised shares of Steel Dynamics from a “sector weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a research note on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average 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.

Insider Buying and Selling by Quarter for Steel Dynamics (NASDAQ:STLD)

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