Steel Dynamics Reports First Quarter 2019 Results
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Steel Dynamics (STLD) PT Lowered to $44 at Goldman Sachs
April 23, 2019 6:57 AM EDTGoldman Sachs analyst Matthew Korn lowered the price target on Steel Dynamics (NASDAQ: STLD) to $44.00 (from $47.00) while maintaining a Buy rating. Based on conversations, investors have been cautious on STLD since last fall in response to the companys November 26, 2018 announcement of a... More
Steel Dynamics (STLD) Misses Q1 EPS by 8c
April 22, 2019 7:01 AM EDTSteel Dynamics (NASDAQ: STLD) reported Q1 EPS of $0.91, $0.08 worse than the analyst estimate of $0.99. Revenue for the quarter came in at $2.82 billion versus the consensus estimate of $2.84 billion.
Outlook
"We believe the market dynamics are in place for domestic steel consumption to continue to increase this year," said Millett. "Based on... More
