Brokers Offer Predictions for Steel Dynamics FY2025 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD) – Research analysts at KeyCorp issued their FY2025 earnings estimates for shares of Steel Dynamics in a note issued to investors on Tuesday, January 21st. KeyCorp analyst P. Gibbs expects that the basic materials company will post earnings per share of $8.15 for the year. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.70 per share.

A number of other analysts have also weighed in on the stock. StockNews.com lowered shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Thursday. Bank of America upgraded Steel Dynamics from a “neutral” rating to a “buy” rating and increased their price target for the stock from $140.00 to $155.00 in a report on Tuesday, October 1st. Jefferies Financial Group dropped their price objective on Steel Dynamics from $145.00 to $125.00 and set a “hold” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, UBS Group reissued a “neutral” rating and set a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $140.88.

Steel Dynamics Trading Down 0.4 %

Shares of STLD opened at $122.37 on Thursday. Steel Dynamics has a twelve month low of $104.60 and a twelve month high of $155.56. The company has a current ratio of 2.39, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $127.61 and its 200-day simple moving average is $126.38. The company has a market cap of $18.63 billion, a P/E ratio of 11.07 and a beta of 1.36.

Steel Dynamics (NASDAQ:STLD) last released its earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a net margin of 9.80% and a return on equity of 19.82%. During the same period in the prior year, the company posted $2.61 EPS.

Hedge Funds Weigh In On Steel Dynamics

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Steel Dynamics in the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new stake in Steel Dynamics during the fourth quarter valued at approximately $28,000. Private Trust Co. NA lifted its position in Steel Dynamics by 532.6% during the third quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 245 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Steel Dynamics in the third quarter valued at approximately $61,000. Finally, Quest Partners LLC purchased a new position in Steel Dynamics in the third quarter worth $62,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Insider Buying and Selling

In other Steel Dynamics news, SVP Miguel Alvarez sold 6,650 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $143.00, for a total transaction of $950,950.00. Following the completion of the sale, the senior vice president now owns 116,949 shares in the company, valued at $16,723,707. This represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chad Bickford sold 2,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $134.86, for a total value of $269,720.00. Following the sale, the vice president now directly owns 17,100 shares in the company, valued at $2,306,106. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,650 shares of company stock valued at $1,498,170 over the last three months. 6.00% of the stock is owned by company insiders.

Steel Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.50%. Steel Dynamics’s payout ratio is currently 16.65%.

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.