Steel Dynamics (NASDAQ:STLD) declared a quarterly dividend on Tuesday, September 17th, American Banking News reports. Stockholders of record on Monday, September 30th will be given a dividend of $0.11 per share on Friday, October 11th. This represents a $0.44 dividend on an annualized basis and a yield of 2.55%.
A number of research firms have recently commented on STLD. Analysts at BMO Capital Markets initiated coverage on shares of Steel Dynamics (NASDAQ:STLD) in a research note to investors on Tuesday. They set a “market perform” rating on the stock. On the ratings front, analysts at Jefferies Group raised their price target on shares of Steel Dynamics (NASDAQ:STLD) from $16.00 to $18.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at Wellington Shields initiated coverage on shares of Steel Dynamics (NASDAQ:STLD) in a research note to investors on Wednesday, September 4th. They set a “hold” rating on the stock.
Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.21.
Shares of Steel Dynamics (NASDAQ:STLD) traded up 2.62% on Tuesday, hitting $17.24. 2,543,991 shares of the company’s stock traded hands. Steel Dynamics has a one year low of $10.99 and a one year high of $17.08. The stock’s 50-day moving average is $15.86 and its 200-day moving average is $15.32. The company has a market cap of $3.807 billion and a price-to-earnings ratio of 24.93.
Steel Dynamics (NASDAQ:STLD) last released its earnings data on Wednesday, July 17th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters 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 predict that Steel Dynamics will post $0.86 earnings per share for the current fiscal year.
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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