STLD (STEEL DYNAMICS INC)
- P/E: 17
- GAAP DILUTED YEAR-OVER-YEAR EPS GROWTH: $.56
- SECTOR: NON-ENERGY MINERALS
- ASSETS-LIABILITIES: 1.81
- DIVIDEND: 1.7%
STLD is a company
endeavoring in the production of steel. They are listed on the
Nasdaq, and beat Wall Street expectations by 11% when they last
report. The company will announce Q2 2017 earnings after market
close 7/19/17.
On a year-over-year basis,
STLD increased its sales by 35%. Cost of goods increased only 27%,
and income tax expense nearly tripled. With the exception of nickel,
all steel raw resources have increased in price over the past year.
Profit sharing rose by a similar margin as income tax expense. Net
income increased by 27%, and the amount of shares was decreased
minimally. Steel Dynamics has less than half of the value of its
long-term debt in cash. Inventories increased only 6%. The company
has commodity futures contracts shorting aluminum and copper.
STLD has risen 2.6%
year-to-date. The company reported 10/19/16, missing Wall Street EPS
expectations by about 5%, and rose about 60% between 10/2016 and
12/2016. Since it last reported 4/19/17 and beat Wall Street EPS
expectations by 11%, share prices have also risen about 11%. STLD
trades at a comparable price-to-earnings multiple as NUE (Nucor),
another steel company. STLD and NUE saw peak revenues in 2014, and
STLD increased revenues in 2016 over 2015, while NUE's revenue
declined during the same period.
Mark Millett, who
co-founded the company in 1993, still serves as President and CEO.
Previously, he and the other founders were executives at Nucor. The
last large insider purchase was made in 11/2016. Institutional
ownership and mutual funds hold 92% of the company's shares,
according to CNN.
STLD has risen after
missing Wall Street expectations of EPS, and after beating
expectations. The company reports next on 7/19/17 after market
close. The company has seen its share price rise 2.6% while NUE, its
closest competitor, has fallen less than 1% during the same interval.
SOURCES:
Comments
Post a Comment