BofA Securities Reiterates Buy Rating on Steel Dynamics (STLD)
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January 23, 2025 5:07 AM EST
Jefferies analyst Christopher LaFemina reiterated a Hold rating and $125.00 price target on Steel Dynamics (NASDAQ: STLD)
The analyst comments "STLD reported 4Q EBITDA of $372m, which compares to our estimate of $396m, consensus of $399m (VA) and 3Q EBITDA of $557m.... More
January 23, 2025 4:46 AM EST
Stocks expected to have increasing option volume: STLD AA CCI DFS SLG EA ASTS EVTL STLD SLG
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January 22, 2025 5:02 PM EST
Steel Dynamics (NASDAQ: STLD) reported Q4 EPS of $1.36, $0.05 worse than the analyst estimate of $1.41. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $4.02 billion.
Outlook
"We believe the market dynamics are in place to support increased demand across our operating platforms in 2025," said Millett. "Steel pricing has stabilized, and customer optimism continues to be solid across our steel operations, as demand continues to be steady. In addition, we believe demand for lower-carbon emission, U.S. produced steel products will also support future domestic steel pricing. The continued onshoring of... More
