Steel Dynamics (NASDAQ:STLD) is set to release its earnings data after the market closes on Monday, October 19th. Analysts expect Steel Dynamics to post earnings of $0.47 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Monday, July 20th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.06 billion. Steel Dynamics had a return on equity of 14.53% and a net margin of 5.60%. The business’s revenue was down 24.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. On average, analysts expect Steel Dynamics to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Steel Dynamics stock opened at $33.39 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.60 and a quick ratio of 2.20. Steel Dynamics has a 12 month low of $14.98 and a 12 month high of $35.78. The company has a fifty day moving average price of $30.47 and a two-hundred day moving average price of $27.14. The company has a market cap of $7.02 billion, a PE ratio of 13.41, a P/E/G ratio of 1.14 and a beta of 1.46.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.99%. Steel Dynamics’s dividend payout ratio (DPR) is 32.26%.
Several research firms have recently commented on STLD. BidaskClub raised shares of Steel Dynamics from a “hold” rating to a “buy” rating in a report on Thursday, October 8th. Cfra upgraded Steel Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, July 22nd. BMO Capital Markets increased their price target on Steel Dynamics from $29.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft raised their price target on Steel Dynamics from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Credit Suisse Group upped their price objective on Steel Dynamics from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.50.
About Steel Dynamics
Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.
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