Zacks Research Forecasts Weaker Earnings for Steel Dynamics

Steel Dynamics, Inc. (NASDAQ:STLD) – Equities researchers at Zacks Research cut their Q3 2025 earnings per share estimates for shares of Steel Dynamics in a research note issued to investors on Thursday, August 14th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $2.63 per share for the quarter, down from their previous estimate of $2.74. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.01 per share. Zacks Research also issued estimates for Steel Dynamics’ Q4 2025 earnings at $2.42 EPS, Q2 2026 earnings at $3.01 EPS, Q4 2026 earnings at $2.31 EPS, FY2026 earnings at $11.43 EPS, Q1 2027 earnings at $2.31 EPS and FY2027 earnings at $14.09 EPS.

STLD has been the topic of a number of other research reports. Morgan Stanley upped their price objective on Steel Dynamics from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, June 20th. Wells Fargo & Company upgraded Steel Dynamics to a “strong-buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on Steel Dynamics from $138.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Finally, Wall Street Zen cut Steel Dynamics from a “hold” rating to a “sell” rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.70.

Steel Dynamics Trading Down 0.8%

Shares of Steel Dynamics stock opened at $126.42 on Friday. Steel Dynamics has a 12-month low of $103.17 and a 12-month high of $155.56. The stock has a market cap of $18.61 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.03 and a beta of 1.38. The company has a quick ratio of 1.34, a current ratio of 3.13 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $129.62 and its 200-day moving average is $128.24.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Monday, July 21st. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.04). Steel Dynamics had a return on equity of 11.88% and a net margin of 6.07%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the company earned $2.72 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STLD. Norges Bank acquired a new position in Steel Dynamics in the 2nd quarter valued at $339,769,000. Victory Capital Management Inc. grew its holdings in Steel Dynamics by 433.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,816,525 shares of the basic materials company’s stock valued at $227,211,000 after buying an additional 1,475,767 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Steel Dynamics by 25.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,066,300 shares of the basic materials company’s stock worth $883,854,000 after purchasing an additional 1,437,897 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Steel Dynamics by 531.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,191,669 shares of the basic materials company’s stock worth $149,054,000 after purchasing an additional 1,002,813 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Steel Dynamics by 29.4% during the 4th quarter. Capital Research Global Investors now owns 3,592,670 shares of the basic materials company’s stock worth $409,816,000 after purchasing an additional 815,629 shares in the last quarter. 82.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Steel Dynamics

In other Steel Dynamics news, SVP Miguel Alvarez sold 7,495 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $135.26, for a total value of $1,013,773.70. Following the transaction, the senior vice president directly owned 125,319 shares of the company’s stock, valued at $16,950,647.94. This represents a 5.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gabriel Shaheen sold 1,254 shares of the company’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $134.11, for a total value of $168,173.94. Following the completion of the transaction, the director directly owned 81,812 shares in the company, valued at approximately $10,971,807.32. This represents a 1.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,749 shares of company stock valued at $2,702,468 in the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

Steel Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Steel Dynamics’s dividend payout ratio is currently 29.15%.

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.