Steel Dynamics, Inc. (NASDAQ:STLD) declared a quarterly dividend on Tuesday, November 21st, RTT News reports. Shareholders of record on Sunday, December 31st will be given a dividend of 0.155 per share by the basic materials company on Wednesday, January 10th. This represents a $0.62 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 28th.
Steel Dynamics (NASDAQ STLD) traded up $0.53 during trading on Thursday, reaching $39.74. The company’s stock had a trading volume of 2,434,204 shares, compared to its average volume of 3,078,930. The company has a current ratio of 3.35, a quick ratio of 1.95 and a debt-to-equity ratio of 0.80. Steel Dynamics has a one year low of $32.15 and a one year high of $40.41. The firm has a market capitalization of $9,177.14, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.21 and a beta of 1.40.
Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. equities analysts forecast that Steel Dynamics will post 2.67 EPS for the current year.
Several equities research analysts have issued reports on STLD shares. Bank of America increased their price target on Steel Dynamics from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Cowen set a $43.00 price target on Steel Dynamics and gave the stock a “buy” rating in a report on Friday, October 20th. Citigroup upped their price objective on Steel Dynamics from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of Steel Dynamics in a research report on Thursday, August 31st. Finally, KeyCorp reaffirmed a “buy” rating and set a $44.00 price objective on shares of Steel Dynamics in a research report on Friday, November 24th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $41.70.
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About Steel Dynamics
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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