Steel Dynamics, Inc. (STLD) Expected to Announce Earnings of $0.91 Per Share

Equities analysts expect that Steel Dynamics, Inc. (NASDAQ:STLD) will announce earnings per share (EPS) of $0.91 for the current quarter, Zacks reports. Four analysts have issued estimates for Steel Dynamics’ earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $0.93. Steel Dynamics reported earnings per share of $0.96 in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.2%. The business is expected to issue its next earnings report on Wednesday, April 17th.

On average, analysts expect that Steel Dynamics will report full year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $4.62. For the next year, analysts forecast that the company will post earnings of $3.74 per share, with EPS estimates ranging from $2.68 to $5.27. Zacks’ EPS averages are an average based on a survey of analysts that cover Steel Dynamics.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Tuesday, January 22nd. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.93 billion. Steel Dynamics had a net margin of 10.65% and a return on equity of 35.44%. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share.

A number of research firms have recently weighed in on STLD. BidaskClub downgraded shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Zacks Investment Research upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine upgraded shares of Steel Dynamics from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 10th. Cowen began 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 target on the stock. Finally, 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $48.89.

Large investors have recently bought and sold shares of the stock. Ffcm LLC boosted its position in Steel Dynamics by 59.3% during the 4th quarter. Ffcm LLC now owns 924 shares of the basic materials company’s stock worth $28,000 after buying an additional 344 shares during the period. Valeo Financial Advisors LLC boosted its position in Steel Dynamics by 36.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the basic materials company’s stock worth $34,000 after buying an additional 300 shares during the period. SRS Capital Advisors Inc. boosted its position in Steel Dynamics by 183.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,126 shares of the basic materials company’s stock worth $34,000 after buying an additional 729 shares during the period. JOYN Advisors Inc. boosted its position in Steel Dynamics by 34.7% during the 4th quarter. JOYN Advisors Inc. now owns 1,164 shares of the basic materials company’s stock worth $35,000 after buying an additional 300 shares during the period. Finally, Aspire Private Capital LLC bought a new position in Steel Dynamics during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Shares of STLD traded up $0.60 during mid-day trading on Friday, reaching $35.27. The company had a trading volume of 1,844,975 shares, compared to its average volume of 1,976,238. Steel Dynamics has a 1-year low of $28.91 and a 1-year high of $52.10. The company has a current ratio of 3.96, a quick ratio of 2.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $7.73 billion, a P/E ratio of 6.42, a PEG ratio of 0.71 and a beta of 1.40.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Sunday, March 31st will be paid a $0.24 dividend. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.19. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, March 29th. Steel Dynamics’s dividend payout ratio (DPR) is presently 17.49%.

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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