Steel Dynamics Reports Record Fourth Quarter and Record Annual 2021 Results
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Steel Dynamics (STLD) PT Lowered to $65 at BMO Capital
January 25, 2022 1:44 PM ESTBMO Capital analyst David Gagliano lowered the price target on Steel Dynamics (NASDAQ: STLD) to $65.00 (from $72.00) while maintaining a Market Perform rating following earnings.
... MoreSteel Dynamics (STLD) Tops Q4 EPS by 19c, Offers Outlook
January 24, 2022 4:31 PM ESTSteel Dynamics (NASDAQ: STLD) reported Q4 EPS of $5.78, $0.19 better than the analyst estimate of $5.59. Revenue for the quarter came in at $5.3 billion versus the consensus estimate of $5.34 billion.
Outlook :
"We believe the market dynamics are in place for domestic steel consumption to further increase in 2022 when compared to 2021," said Millett. "Based on domestic steel demand fundamentals and customer confidence, we believe North American steel consumption will experience steady growth, supported by the construction, automotive, and industrial sectors. Our Structural and Rail Division and steel fabrication operations provide us with more... More
