Steel Dynamics (STLD) Projected to Post Quarterly Earnings on Wednesday

Steel Dynamics (NASDAQ:STLD - Get Free Report) is projected to post its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Steel Dynamics to post earnings of $1.69 per share and revenue of $3,978,918.66 billion for the quarter.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The basic materials company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.07. The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.18 billion. Steel Dynamics had a net margin of 9.80% and a return on equity of 19.82%. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $3.47 EPS. On average, analysts expect Steel Dynamics to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Steel Dynamics Price Performance

STLD stock traded up $1.66 during trading on Wednesday, reaching $125.18. 1,361,136 shares of the company were exchanged, compared to its average volume of 1,809,104. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 11.33 and a beta of 1.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.39 and a quick ratio of 1.26. The company has a 50-day moving average of $130.63 and a two-hundred day moving average of $126.50. Steel Dynamics has a twelve month low of $104.60 and a twelve month high of $155.56.

Steel Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.47%. Steel Dynamics's payout ratio is presently 16.65%.

Analysts Set New Price Targets

STLD has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Steel Dynamics from $129.00 to $134.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. BNP Paribas raised Steel Dynamics from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Morgan Stanley decreased their price target on Steel Dynamics from $138.00 to $131.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 18th. BMO Capital Markets lifted their price objective on Steel Dynamics from $130.00 to $135.00 and gave the stock a "market perform" rating in a research note on Friday, October 18th. Finally, Citigroup reduced their target price on Steel Dynamics from $160.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $141.13.

Insiders Place Their Bets

In related news, SVP Richard A. Poinsatte sold 2,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $138.75, for a total value of $277,500.00. Following the completion of the sale, the senior vice president now directly owns 21,101 shares of the company's stock, valued at $2,927,763.75. The trade was a 8.66 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 stock was 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 in the company, valued at approximately $16,723,707. This trade represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,591 shares of company stock worth $3,885,938. Corporate insiders own 6.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.