Steel Dynamics (STLD) to Release Earnings on Wednesday

Steel Dynamics (NASDAQ:STLD) will release its earnings data after the market closes on Wednesday, July 17th. Analysts expect Steel Dynamics to post earnings of $2.67 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Steel Dynamics (NASDAQ:STLD) last announced its earnings results on Tuesday, April 23rd. The basic materials company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.54 by $0.13. Steel Dynamics had a return on equity of 27.62% and a net margin of 12.89%. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the previous year, the business earned $4.01 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts expect Steel Dynamics to post $12 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Steel Dynamics Price Performance

Shares of STLD stock opened at $129.22 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.55 and a current ratio of 2.87. The stock has a 50 day moving average price of $129.10 and a 200 day moving average price of $129.22. The firm has a market capitalization of $20.30 billion, a P/E ratio of 8.88 and a beta of 1.35. Steel Dynamics has a 52-week low of $95.53 and a 52-week high of $151.34.

Steel Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Sunday, June 30th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.42%. Steel Dynamics’s dividend payout ratio is presently 12.64%.

Insiders Place Their Bets

In other Steel Dynamics news, SVP Christopher A. Graham sold 21,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $136.81, for a total transaction of $2,873,010.00. Following the transaction, the senior vice president now owns 60,415 shares of the company’s stock, valued at approximately $8,265,376.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

STLD has been the topic of several research analyst reports. BMO Capital Markets dropped their price target on Steel Dynamics from $140.00 to $135.00 and set a “market perform” rating on the stock in a research note on Tuesday, June 18th. JPMorgan Chase & Co. boosted their price objective on Steel Dynamics from $100.00 to $118.00 and gave the company an “underweight” rating in a report on Tuesday, April 16th. Bank of America decreased their price objective on Steel Dynamics from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, June 26th. Finally, Jefferies Financial Group started coverage on Steel Dynamics in a report on Monday, May 20th. They issued a “hold” rating and a $150.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $133.57.

About Steel Dynamics

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.