Steel Dynamics (STLD) Issues Q1 Earnings Guidance

Steel Dynamics (NASDAQ:STLD) issued an update on its first quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.88-0.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.04.

STLD opened at $35.78 on Monday. The stock has a market capitalization of $7.87 billion, a PE ratio of 6.52, a P/E/G ratio of 0.73 and a beta of 1.40. Steel Dynamics has a 1-year low of $28.91 and a 1-year high of $52.10. The company has a quick ratio of 2.13, a current ratio of 3.96 and a debt-to-equity ratio of 0.62.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Tuesday, January 22nd. The basic materials company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. Steel Dynamics had a net margin of 10.65% and a return on equity of 35.44%. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. On average, equities analysts expect that Steel Dynamics will post 4.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Sunday, March 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 29th. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a yield of 2.68%. Steel Dynamics’s dividend payout ratio is currently 13.66%.

Several analysts recently commented on STLD shares. ValuEngine lowered shares of Steel Dynamics from a sell rating to a strong sell rating in a research note on Tuesday, November 27th. BidaskClub lowered shares of Steel Dynamics from a sell rating to a strong sell rating in a report on Wednesday, November 28th. UBS Group set a $36.00 price target on shares of Steel Dynamics and gave the company a hold rating in a report on Monday, December 10th. Credit Suisse Group upgraded shares of Steel Dynamics from a neutral rating to an outperform rating in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Finally, Cowen started coverage on shares of Steel Dynamics in a research note on Tuesday, January 8th. They issued a market perform rating and a $32.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $50.18.

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About Steel Dynamics

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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Earnings History and Estimates for Steel Dynamics (NASDAQ:STLD)

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