Steel Dynamics (NASDAQ:STLD) Issues Q3 2026 Earnings Guidance

Posted by Brian Himes on Sep 18th, 2026

Steel Dynamics (NASDAQ:STLD – Get Free Report) updated its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 5.340-5.380 for the period, compared to the consensus earnings per share estimate of 5.660. The company issued revenue guidance of -.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Steel Dynamics from $270.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on Steel Dynamics from $260.00 to $273.00 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Wall Street Zen upgraded shares of Steel Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 12th. Wells Fargo & Company dropped their price objective on shares of Steel Dynamics from $275.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, August 24th. Finally, Weiss Ratings lowered shares of Steel Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 11th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Steel Dynamics presently has an average rating of “Moderate Buy” and an average price target of $258.45.

Get Our Latest Analysis on STLD

Steel Dynamics Stock Up 3.0%

STLD stock opened at $245.35 on Friday. Steel Dynamics has a twelve month low of $134.87 and a twelve month high of $288.74. The company has a quick ratio of 1.45, a current ratio of 3.18 and a debt-to-equity ratio of 0.45. The stock has a market cap of $35.17 billion, a P/E ratio of 22.24, a PEG ratio of 0.42 and a beta of 1.50. The business’s 50-day moving average price is $243.93 and its 200-day moving average price is $228.26.

Steel Dynamics (NASDAQ:STLD – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.06. Steel Dynamics had a return on equity of 18.12% and a net margin of 7.83%.The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the prior year, the business posted $2.01 EPS. Steel Dynamics’s revenue for the quarter was up 33.4% compared to the same quarter last year. On average, equities research analysts forecast that Steel Dynamics will post 18.58 EPS for the current year.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Steel Dynamics’s dividend payout ratio (DPR) is 19.22%.

More Steel Dynamics News

Here are the key news stories impacting Steel Dynamics this week:

Positive Sentiment: Steel Dynamics projected third-quarter diluted EPS of $5.34 to $5.38, reflecting continued strength in its steel operations. The company’s outlook still implies substantial earnings power, and analysts remain moderately optimistic about the shares’ longer-term prospects. Steel Dynamics Provides Third Quarter 2026 Earnings Guidance
Positive Sentiment: STLD had been outperforming the S&P 500 over the past year, and its latest session performance reflected continued investor interest in the steelmaker. Its shares remain above both the 50-day and 200-day moving averages, indicating a favorable technical trend. Is Steel Dynamics Stock Outperforming the S&P 500?
Neutral Sentiment: Recent coverage highlighted Steel Dynamics as a strong momentum stock for long-term investors, but this assessment is based primarily on style and performance factors rather than a new fundamental catalyst. Why Steel Dynamics Is a Top Momentum Stock for the Long-Term
Negative Sentiment: The third-quarter EPS forecast of $5.34 to $5.38 is below the consensus estimate of $5.66. The guidance shortfall triggered after-hours weakness and is the primary reason the stock is under pressure, despite the company citing strong steel operations. Nucor and Steel Dynamics Slide After-Hours on Below-Consensus Q3 Earnings Guidance

Steel Dynamics Company Profile

(Get Free Report)

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. Founded in 1993, the company operates electric arc furnaces that use recycled steel and other metallic inputs to manufacture a broad range of steel products. Its customers include companies in the construction, automotive, manufacturing, transportation, energy and appliance industries.

Steel Dynamics’ steel operations produce flat-rolled steel, structural steel, rail, engineered bar products and other specialty steel products.