Citi downgrades Steel Dynamics (STLD) but remains positive on long-term outlook
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Steel Dynamics (STLD) Q1 EPS Guidance Tops Consensus
March 15, 2023 8:02 AM EDTSteel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2023 earnings guidance in the range of $3.47 to $3.51 per diluted share. Excluding the impact from costs associated with the startup of the company's Sinton Texas Flat Roll Steel Mill growth investment of an estimated $78 million, or $0.31 per diluted share, the company expects first quarter 2023 adjusted earnings to be in the range of $3.78 to $3.82 per diluted share.
(Consensus sees Q1 EPS of $3.11)
Comparatively, the company's sequential fourth quarter 2022 earnings were $3.61 per diluted share, and adjusted earnings were $4.37 per diluted share excluding additional performance-based companywide special... More
Citi Downgrades Steel Dynamics (STLD) to Neutral
March 15, 2023 7:40 AM EDTCiti analyst Alexander Hacking downgraded Steel Dynamics (NASDAQ: STLD) from Buy to Neutral.
For an analyst ratings summary and ratings history on Steel Dynamics click here. For more ratings news on Steel Dynamics click here.
Shares of Steel Dynamics closed at $116.29 yesterday.
... MoreBMO Capital Assumes Steel Dynamics (STLD) at Market Perform
March 14, 2023 4:44 PM EDTBMO Capital analyst Katja Jancic assumes coverage on Steel Dynamics (NASDAQ: STLD) with a Market Perform rating and a price target of $120.00.
For an analyst ratings summary and ratings history on Steel Dynamics... More
