Summary of Analyst Future Earnings Estimates: Steel Dynamics, Inc. (NASDAQ:STLD)
Finally, JPMorgan Chase & Co. lifted their price objective on AK Steel Holding Corp. from $6.00 to $8.50 and gave the company an “overweight” rating in a research report on Wednesday, July 27th.
When it comes to the Analysis of a Stock, Price Target plays a vital role. Analysts projected the minimum sales estimate of $1,435.85M and some analysts told that the stock may achieve maximum sales of $1,539.01M.
Despite all the challenges created by cheap steel products flooding the US market, AK Steel Holding Corporation (NYSE:AKS) has continued to impress and surprise on the upside with its earnings.
Shares of Olympic Steel (NASDAQ:ZEUS) traded up 1.38% on Tuesday, hitting $19.79.
Separately, TheStreet Ratings objectively rated this stock according to its “risk-adjusted” total return prospect over a 12-month investment horizon. The Company has 52-week high of $27.64 and 52-week low of $6.15. (NYSE:X) opened at 16.28 on Thursday. They now have a Dollars 2.5 price target on the stock.
The stock’s 50 day moving average is 20.79 and its 200 day moving average is 18.18.
Olympic Steel (NASDAQ:ZEUS) last posted its quarterly earnings data on Tuesday, August 2nd.
On the company’s financial health, AK Steel Holding Corporation reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 26, 2016. The business earned $1.49 billion during the quarter, compared to analyst estimates of $1.53 billion. The company’s quarterly revenue was down 11.7% compared to the same quarter a year ago. During the same quarter a year ago, the company posted ($0.79) EPS.
A current consensus EPS projection for next fiscal year is observed at $2.16 and one month ago consensus EPS forecast was at $2.17.
Additionally, the company has a PE ratio of 479.39 and has EPS of 0.05. The ex-dividend date of this dividend was Monday, August 8th. On the other hand, in the March 2016 quarter the company recorded a net $1.52B revenue with earnings per share of -$0.08.
Large investors have recently added to or reduced their stakes in the stock. The stock established a negative trend of -6.72% in last week and indicated fall of -23.80% in previous month.
07/28/2016 – United States Steel Corporation was upgraded to “buy” by analysts at Argus. The company has a market cap of $967.08M and now has 235.3M shares outstanding. Public Employees Retirement System of OH raised its stake in Olympic Steel by 309.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 876,495 shares of the company’s stock valued at $4,085,000 after buying an additional 310,372 shares during the period. 21796843 shares were traded on United States Steel Corporation’s last session. The institutional ownership stake in the company is 0.10% while the Beta factor stands at 0.82. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Flat-Rolled segment includes the operating results of U. S. Steel’s integrated steel plants and equity investees in the United States involved in the production of slabs, rounds, strip mill plates, sheets and tin mill products, as well as all iron ore and coke production facilities in the United States. The sales consensus among polled analysts prior to the last earnings announcement was $ 1,530.19M.