The mean price target for the shares of Steel Dynamics, Inc. (NASDAQ:STLD) is at $28.00 while the highest price target suggested by the analysts is $33.00 and low price target is $22.00. The mean price target is calculated keeping in view the consensus of 16 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.99B by 10 analysts. The means estimate of sales for the year ending Dec 16 is 7.71B by 15 analysts.
The average estimate of EPS for the current fiscal quarter for Steel Dynamics, Inc. (NASDAQ:STLD) stands at $0.43 while the EPS for the current year is fixed at $1.60 by 16.00 analysts
The next one year’s EPS estimate is set at 1.93 by 18.00 analysts while a year ago the analysts suggested the company’s EPS at $1.60. The analysts also projected the company’s long-term growth at 51.12% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , Steel Dynamics, Inc. (NASDAQ:STLD) reported earnings of $0.26. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 8.30%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Steel Dynamics, Inc. (NASDAQ:STLD) traded down -1.80% during trading on Friday, hitting $26.43 . The stock had a trading volume of 4.1 M shares. The firm has a 50 day moving average of $24.61 and a 200-day moving average of $20.49. The stock has a market cap of $6.38B. On Jun 8, 2016 the shares registered one year high at $26.99 and the one year low was seen on Jan 20, 2016.
On May 25, 2016 Steel Dynamics, Inc. (NASDAQ:STLD) announced that Steel Dynamics, Inc. was recognized as the “2015 Global Metals Company of the Year” on Thursday, May 19, 2016, during the 4th annual Platts Global Metals Awards ceremony. The event was held at Grosvenor Square in London.
“We are honored and humbled to have received this prestigious award,” said Mark Millett, CEO and President of Steel Dynamics, Inc. “We thank all of those that aided in our success—our customers, suppliers, shareholders and employees. The strength and uniqueness of our cultural foundation has been recognized. The strong character and determination of our employees are unmatched. It is their dedication and passion for excellence that propels Steel Dynamics to the highest standard of operational and financial performance throughout all market environments. I thank each one, and remind them, that safety is always the top priority.”
“With each year, entries for the Awards program become more competitive and winning is no small feat,” said Imogen Dillon Hatcher, president of S&P Global Platts. “We congratulate Steel Dynamics for its impressive win in the 2016 Platts Global Metals Awards.”
The “Global Metals Company of the Year” award is chosen by an independent panel of international experts, whose background and experience include regulation, corporate leadership, trading and technology. Out of over 100 nominations across all 14 award categories, the winner of the “Global Metals Company of Year” award needed to be fast-moving, adaptive, and concerned with the provision, production, logistics and trading of the metals complex as a whole. The range and extent of a company’s activities—its diversity, scope, technological innovation, and environmental concern— were pivotal factors, as were the traditional values of concern for the end user and efficiency. Particular attention was also paid to the commitment to sustainability.
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