Steel Dynamics (NASDAQ:STLD) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 17th. Analysts expect the company to announce earnings of $1.00 per share for the quarter.
Steel Dynamics (NASDAQ:STLD) last announced its earnings results on Monday, January 22nd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. Steel Dynamics had a net margin of 8.52% and a return on equity of 21.48%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.17 billion. On average, analysts expect Steel Dynamics to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of STLD stock opened at $43.68 on Tuesday. Steel Dynamics has a 1 year low of $32.15 and a 1 year high of $50.70. The company has a market cap of $10,269.06, a PE ratio of 16.48, a P/E/G ratio of 0.87 and a beta of 1.29. The company has a current ratio of 4.04, a quick ratio of 2.29 and a debt-to-equity ratio of 0.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Saturday, March 31st will be issued a $0.1875 dividend. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.16. This represents a $0.75 annualized dividend and a yield of 1.72%. The ex-dividend date is Wednesday, March 28th. Steel Dynamics’s dividend payout ratio is currently 28.30%.
Several equities analysts recently weighed in on STLD shares. BidaskClub upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Cowen set a $43.00 price objective on shares of Steel Dynamics and gave the company a “buy” rating in a report on Monday, December 18th. Longbow Research upgraded shares of Steel Dynamics from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research lowered shares of Steel Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Finally, Bank of America set a $51.00 price objective on shares of Steel Dynamics and gave the company a “buy” rating in a report on Monday, January 8th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $48.29.
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Steel Dynamics Company Profile
Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment provides hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; merchant bar products, including angles, merchant rounds, flats, channels, and reinforcing bars; beams, channels, and specialty steel sections; and threaded rod products, and cold drawn and heat treated bars.
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