Steel Dynamics (STLD) to Release Earnings on Wednesday

Steel Dynamics (NASDAQ:STLD) is expected to announce its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $1.69 per share and revenue of $3,978,918.66 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Steel Dynamics Stock Up 0.7 %

Steel Dynamics stock opened at $125.83 on Monday. The firm’s 50 day moving average price is $129.13 and its two-hundred day moving average price is $126.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 2.39. Steel Dynamics has a twelve month low of $104.60 and a twelve month high of $155.56. The firm has a market cap of $19.16 billion, a PE ratio of 11.39 and a beta of 1.36.

Steel Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were paid a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.46%. Steel Dynamics’s dividend payout ratio (DPR) is currently 16.65%.

Insiders Place Their Bets

In other news, SVP Miguel Alvarez sold 6,650 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 116,949 shares in the company, valued at approximately $16,723,707. The trade was a 5.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Chad Bickford sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $134.86, for a total transaction of $269,720.00. Following the transaction, the vice president now owns 17,100 shares of the company’s stock, valued at approximately $2,306,106. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,650 shares of company stock valued at $1,498,170 in the last 90 days. 6.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on STLD shares. BNP Paribas raised shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. BMO Capital Markets lifted their price target on Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a research note on Friday. Jefferies Financial Group reduced their target price on Steel Dynamics from $145.00 to $125.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, The Goldman Sachs Group assumed coverage on Steel Dynamics in a report on Monday, December 2nd. They set a “neutral” rating and a $155.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.88.

Steel Dynamics Company Profile

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.