Steel Dynamics (NASDAQ:STLD) declared a quarterly dividend on Tuesday, December 17th, Stock Ratings News reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.11 per share on Friday, January 10th. This represents a $0.44 dividend on an annualized basis and a yield of 2.32%.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Steel Dynamics from $18.00 to $20.00 in a research note to investors on Wednesday, December 4th. On the ratings front, 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. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Steel Dynamics in a research note to investors on Tuesday, October 22nd. They now have a $20.00 price target on the stock, up previously from $17.00. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Steel Dynamics presently has a consensus rating of “Buy” and an average price target of $18.91.
Steel Dynamics (NASDAQ:STLD) opened at 18.94 on Wednesday. Steel Dynamics has a 52-week low of $13.07 and a 52-week high of $19.39. The stock has a 50-day moving average of $18.67 and a 200-day moving average of $16.64. The company has a market cap of $4.204 billion and a price-to-earnings ratio of 22.05.
Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.25. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company posted $0.15 earnings per share. Steel Dynamics’s revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Steel Dynamics will post $0.85 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.