Steel Dynamics (NASDAQ:STLD) Receiving Somewhat Positive News Coverage, Accern Reports

News coverage about Steel Dynamics (NASDAQ:STLD) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Steel Dynamics earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 47.1508148513978 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

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

Steel Dynamics (STLD) opened at $47.24 on Wednesday. The stock has a market cap of $11,090.63, a price-to-earnings ratio of 14.02, a PEG ratio of 0.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.29 and a current ratio of 4.04. Steel Dynamics has a 1-year low of $32.15 and a 1-year high of $50.70.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Monday, January 22nd. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. Steel Dynamics had a net margin of 8.52% and a return on equity of 21.48%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.17 billion. research analysts predict that Steel Dynamics will post 4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Saturday, March 31st will be given a dividend of $0.1875 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.75 dividend on an annualized basis and a yield of 1.59%. This is a boost from Steel Dynamics’s previous quarterly dividend of $0.16. Steel Dynamics’s dividend payout ratio is 18.40%.

Several analysts have issued reports on STLD shares. Zacks Investment Research downgraded Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Jefferies Group reaffirmed a “buy” rating and issued a $53.00 target price on shares of Steel Dynamics in a research report on Thursday, January 11th. BidaskClub upgraded Steel Dynamics from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 6th. Longbow Research upgraded Steel Dynamics from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Cowen restated an “outperform” rating and set a $60.00 price objective (up previously from $53.00) on shares of Steel Dynamics in a report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and fourteen 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 $46.64.

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About Steel Dynamics

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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