Analysts Expect Steel Dynamics, Inc. (STLD) to Post $0.93 EPS
Wall Street analysts expect Steel Dynamics, Inc. (NASDAQ:STLD) to post earnings per share (EPS) of $0.93 for the current fiscal 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 $1.00. Steel Dynamics posted earnings per share of $0.96 during the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, April 22nd.
On average, analysts expect that Steel Dynamics will report full year earnings of $3.93 per share for the current financial year, with EPS estimates ranging from $3.35 to $4.62. For the next fiscal year, analysts forecast that the company will post earnings of $3.67 per share, with EPS estimates ranging from $2.66 to $5.27. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Steel Dynamics.
Steel Dynamics (NASDAQ:STLD) last released its earnings results on Tuesday, January 22nd. The basic materials company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Steel Dynamics had a return on equity of 35.44% and a net margin of 10.65%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share.
Shares of STLD traded down $0.20 during mid-day trading on Monday, reaching $33.96. 2,278,886 shares of the company’s stock traded hands, compared to its average volume of 2,104,092. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 6.19, a P/E/G ratio of 0.71 and a beta of 1.39. Steel Dynamics has a 12 month low of $28.91 and a 12 month high of $52.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.13 and a current ratio of 3.96.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Sunday, March 31st were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $0.96 annualized dividend and a yield of 2.83%. This is a boost from Steel Dynamics’s previous quarterly dividend of $0.19. Steel Dynamics’s dividend payout ratio is 17.49%.
Large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its stake in Steel Dynamics by 4.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,871 shares of the basic materials company’s stock worth $537,000 after purchasing an additional 692 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in Steel Dynamics by 6.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 269,660 shares of the basic materials company’s stock worth $8,101,000 after purchasing an additional 17,219 shares in the last quarter. Korea Investment CORP grew its stake in Steel Dynamics by 17.4% in the fourth quarter. Korea Investment CORP now owns 697,905 shares of the basic materials company’s stock worth $20,965,000 after purchasing an additional 103,500 shares in the last quarter. Teachers Advisors LLC boosted its position in Steel Dynamics by 0.8% during the 3rd quarter. Teachers Advisors LLC now owns 1,287,498 shares of the basic materials company’s stock valued at $58,182,000 after acquiring an additional 10,556 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Steel Dynamics by 112.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 113,647 shares of the basic materials company’s stock valued at $5,136,000 after acquiring an additional 60,240 shares in the last quarter. 82.55% of the stock is currently owned by institutional investors.
Steel Dynamics Company Profile
Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.
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