Equities analysts expect Steel Dynamics, Inc. (NASDAQ:STLD – Get Rating) to announce $5.51 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Steel Dynamics’ earnings. The lowest EPS estimate is $4.83 and the highest is $6.13. Steel Dynamics posted earnings per share of $2.10 during the same quarter last year, which suggests a positive year over year growth rate of 162.4%. The company is scheduled to issue its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Steel Dynamics will report full-year earnings of $15.11 per share for the current fiscal year, with EPS estimates ranging from $10.37 to $21.82. For the next year, analysts anticipate that the firm will post earnings of $8.05 per share, with EPS estimates ranging from $5.61 to $14.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Steel Dynamics.
Steel Dynamics (NASDAQ:STLD – Get Rating) last released its quarterly earnings results on Monday, January 24th. The basic materials company reported $5.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.73 by $0.05. Steel Dynamics had a return on equity of 63.43% and a net margin of 17.46%. The business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 104.2% compared to the same quarter last year.
In other news, SVP Christopher A. Graham sold 4,425 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $76.51, for a total transaction of $338,556.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rational Advisors LLC purchased a new stake in shares of Steel Dynamics in the fourth quarter worth $25,000. Citizens National Bank Trust Department bought a new position in Steel Dynamics in the 4th quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Steel Dynamics in the 3rd quarter worth $25,000. UMB Bank N A MO purchased a new stake in Steel Dynamics in the 4th quarter worth $27,000. Finally, Allegheny Financial Group LTD purchased a new stake in shares of Steel Dynamics during the fourth quarter worth about $27,000. Institutional investors own 79.32% of the company’s stock.
Shares of NASDAQ:STLD traded up $0.99 during mid-day trading on Tuesday, reaching $84.64. 1,974,289 shares of the stock were exchanged, compared to its average volume of 2,418,969. The company has a quick ratio of 1.51, a current ratio of 3.10 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $73.49 and its 200-day simple moving average is $65.84. The company has a market cap of $16.04 billion, a P/E ratio of 5.33 and a beta of 1.40. Steel Dynamics has a one year low of $49.53 and a one year high of $89.69.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Thursday, March 31st will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.61%. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 30th. Steel Dynamics’s payout ratio is 8.67%.
Steel Dynamics declared that its board has authorized a stock buyback program on Monday, February 28th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 8.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Steel Dynamics Company Profile (Get Rating)
Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. 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; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars.
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