Steel Dynamics, Inc. (NASDAQ:STLD) is set to issue its quarterly earnings data on Wednesday, April 19th. Analysts expect the company to announce earnings of $0.76 per share for the quarter.
Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, January 24th. The company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The company earned $1.91 billion during the quarter, compared to analyst estimates of $1.88 billion. Steel Dynamics had a net margin of 4.91% and a return on equity of 17.30%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. On average, analysts expect Steel Dynamics to post $2.75 EPS for the current fiscal year and $2.73 EPS for the next fiscal year.
Shares of Steel Dynamics, Inc. (NASDAQ:STLD) opened at 32.91 on Monday. The stock has a 50 day moving average of $34.99 and a 200-day moving average of $33.30. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 21.10 and a beta of 1.35. Steel Dynamics, Inc. has a 52 week low of $22.62 and a 52 week high of $40.17.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Stockholders of record on Friday, March 31st were paid a $0.155 dividend. This is a boost from Steel Dynamics’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.88%. Steel Dynamics’s dividend payout ratio is currently 35.90%.
STLD has been the subject of a number of recent analyst reports. Barclays PLC set a $40.00 target price on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Sunday, January 29th. BMO Capital Markets reiterated a “buy” rating and set a $48.00 target price on shares of Steel Dynamics in a research report on Wednesday, March 22nd. Zacks Investment Research upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Tuesday, December 27th. Vetr upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating and set a $34.51 target price for the company in a research report on Monday, January 2nd. Finally, Macquarie reiterated a “neutral” rating on shares of Steel Dynamics in a research report on Monday, March 20th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.74.
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In related news, Director Richard P. Teets, Jr. sold 140,295 shares of Steel Dynamics stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $35.64, for a total transaction of $5,000,113.80. Following the transaction, the director now owns 5,042,939 shares of the company’s stock, valued at approximately $179,730,345.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is owned by company insiders.
Steel Dynamics Company Profile
Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.
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