Steel Dynamics (STLD) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. STLD reported $0.65 EPS for the quarter. Analysts had a consensus estimate of $0.65. The company posted revenue of $2101.30 million in the period, compared to analysts expectations of $2061.01 million. STLD’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on Steel Dynamics. Citigroup Initiated Steel Dynamics on Aug 22, 2016 to “Buy”, Price Target of the shares are set at $33.Steel Dynamics was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Aug 19, 2016.
Steel Dynamics opened for trading at $23.86 and hit $24.09 on the upside on Friday, eventually ending the session at $23.73, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 20,76,728 shares. Company has a market cap of $5,784 M.
In a different news, on Aug 1, 2016, Keith E Busse (director) sold 13,155 shares at $27.00 per share price. According to the SEC, on Jul 27, 2016, Jurgen Dr Kolb (director) sold 17,900 shares at $26.85 per share price. On Aug 28, 2015, Richard P Jr Teets (Executive Vice President) purchased 6,000 shares at $18.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Steel Dynamics Inc. (SDI) is a steel producing and a metal recycling company. The Company operates in three segments: steel operations metals recycling and ferrous resources operations and steel fabrication operations. The Company offers hot roll cold roll galvanized galvanneal Galvalume Galfan and painted sheet steel; a range of structural steel beams and rails; engineered steel of various sizes and chemistries; and various merchant-bar products rounds angles flats and channels. The Company also offers steel finishing and fabrication services. In the metals recycling operations of its metals recycling and ferrous resources segment its products include an array of both ferrous and non-ferrous scrap processing scrap management transportation and brokerage products and services. Its steel fabrication segment produces steel joists and steel decking materials.