Analysts Set Expectations for Steel Dynamics FY2025 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD) – Seaport Res Ptn decreased their FY2025 earnings estimates for shares of Steel Dynamics in a report issued on Tuesday, January 21st. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will post earnings per share of $8.88 for the year, down from their previous estimate of $9.24. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.70 per share.

Several other analysts also recently issued reports on the stock. BNP Paribas raised shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Bank of America raised Steel Dynamics from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $155.00 in a report on Tuesday, October 1st. 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 target for the company. Jefferies Financial Group decreased their price objective on Steel Dynamics from $145.00 to $125.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets boosted their price target on shares of Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Steel Dynamics presently has a consensus rating of “Hold” and a consensus target price of $140.88.

Steel Dynamics Price Performance

STLD opened at $122.89 on Wednesday. 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 stock has a market cap of $18.71 billion, a price-to-earnings ratio of 11.12 and a beta of 1.36. Steel Dynamics has a 1 year low of $104.60 and a 1 year high of $155.56. The stock has a fifty day moving average price of $127.92 and a 200 day moving average price of $126.41.

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

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were paid 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 16.65%.

Insider Buying and Selling at Steel Dynamics

In other Steel Dynamics news, VP Chad Bickford sold 2,000 shares of Steel Dynamics stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $134.86, for a total value of $269,720.00. Following the transaction, the vice president now directly owns 17,100 shares of the company’s stock, valued at $2,306,106. The trade was a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Miguel Alvarez sold 6,650 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total value of $950,950.00. Following the transaction, the senior vice president now directly owns 116,949 shares of the company’s stock, valued at $16,723,707. The trade was a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,650 shares of company stock valued at $1,498,170 in the last 90 days. 6.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Steel Dynamics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commerce Bank increased its position in Steel Dynamics by 1.2% in the third quarter. Commerce Bank now owns 5,981 shares of the basic materials company’s stock worth $754,000 after buying an additional 73 shares in the last quarter. M&T Bank Corp grew its holdings in Steel Dynamics by 0.9% during the 3rd quarter. M&T Bank Corp now owns 10,055 shares of the basic materials company’s stock valued at $1,267,000 after buying an additional 88 shares in the last quarter. Atomi Financial Group Inc. lifted its position in Steel Dynamics by 5.0% during the fourth quarter. Atomi Financial Group Inc. now owns 1,929 shares of the basic materials company’s stock valued at $220,000 after purchasing an additional 91 shares during the last quarter. Covestor Ltd grew its position in Steel Dynamics by 10.8% in the third quarter. Covestor Ltd now owns 951 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 93 shares in the last quarter. Finally, Dorsey Wright & Associates lifted its position in Steel Dynamics by 0.4% in the second quarter. Dorsey Wright & Associates now owns 23,551 shares of the basic materials company’s stock worth $3,050,000 after buying an additional 96 shares during the last quarter. Institutional investors own 82.41% of the company’s stock.

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.