With 2.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.35 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $144.95 whereas the lowest price it dropped to was $141.255. The 52-week range on STLD shows that it touched its highest point at $155.56 and its lowest point at $104.60 during that stretch. It currently has a 1-year price target of $138.80. With its current market cap of 21.93 billion, STLD has annualized dividend of $1.80 while the current yield stands at 1.25%. Beta for the stock currently stands at 1.32.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of STLD was up-trending over the past week, with a rise of 1.51%, but this was up by 9.29% over a month. Three-month performance surged to 21.10% while six-month performance rose 8.52%. The stock gained 28.77% in the past year, while it has gained 21.96% so far this year. A look at the trailing 12-month EPS for STLD yields 11.05 with Next year EPS estimates of 9.91. For the next quarter, that number is 1.73. This implies an EPS growth rate of -31.16% for this year and -2.58% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.30%.
Float and Shares Shorts:
At present, 160.02 million STLD shares are outstanding with a float of 142.78 million shares on hand for trading. On 2024-10-31, short shares totaled 3.46 million, which was 225.99999999999997 higher than short shares on 1727654400. In addition to Mr. Mark D. Millett as the firm’s Co-Founder, Chairman & CEO, Mr. Barry T. Schneider serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.84768 of STLD’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, STLD reported revenue of $4341615000.0 and operating income of $429881000.0. The EBITDA in the recently reported quarter was $546148000.0 and diluted EPS was $2.05.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for STLD since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With STLD analysts setting a high price target of 160.0 and a low target of 108.0, the average target price over the next 12 months is 138.77083. Based on these targets, STLD could surge 11.08% to reach the target high and fall by -25.02% to reach the target low. Reaching the average price target will result in a decline of -3.66% from current levels.
Analysts have provided yearly estimates in a range of $10.49014 being high and $10.04718 being low. For STLD, this leads to a yearly average estimate of $10.16799. The surprise factor in the prior quarter was $2.67. Based on analyst estimates, the high estimate for the next quarter is $2.83 and the low estimate is $1.75. The average estimate for the next quarter is thus $2.3.
