Steel Dynamics Reports Fourth Quarter and Annual 2017 Results
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Steel Dynamics (STLD) PT Raised to $60 at Cowen
January 24, 2018 6:07 AM ESTCowen raised its price target on Steel Dynamics (NASDAQ: STLD) to $60.00 (from $53.00) while maintaining a Outperform rating.
Analyst Novid Rassouli commented, "STLD's outlook did not disappoint, with metal margins expected to expand on stable scrap and rising steel prices. We see the... More
Steel Dynamics (STLD) Posts Q4 EPS of $1.28
January 22, 2018 6:02 PM ESTSteel Dynamics (NASDAQ: STLD) reported Q4 EPS of $1.28, which may not compare to the analyst estimate of $0.52. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.22 billion.
Lower pretax earnings of $7 million, or $0.02 per diluted share, related to debt refinancing and repayment charges,Lower pretax earnings of approximately $27 million, or $0.07 per diluted share, related to the company\'s two flat roll division planned outages, which resulted in higher costs and lower value-add shipments,... More