Q4 Earnings Estimate for Steel Dynamics Issued By KeyCorp

Key Points

• KeyCorp expects Steel Dynamics to earn $5.99 per share in Q4 2026 and forecasts FY2027 EPS of $23.10. The firm maintains an “Overweight” rating with a $265 price target.
• Analyst sentiment is generally positive: eight analysts rate the stock a Buy and four a Hold, resulting in a consensus “Moderate Buy” rating and an average target price of $259.64.
• Steel Dynamics recently reported quarterly EPS of $5.26, missing estimates of $5.48, although revenue rose 34.8% year over year to $6.51 billion. The company also pays a quarterly dividend of $0.53 per share, equivalent to a 0.9% yield.

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Equities research analysts at KeyCorp issued their Q4 2026 EPS estimates for Steel Dynamics in a report released on Thursday, October 22nd. KeyCorp analyst S. Mckinney anticipates that the basic materials company will earn $5.99 per share for the quarter. KeyCorp has an "Overweight" rating and a $265.00 price objective on the stock. The consensus estimate for Steel Dynamics' current full-year earnings is $18.13 per share. KeyCorp also issued estimates for Steel Dynamics' FY2027 earnings at $23.10 EPS.

Several other equities analysts also recently issued reports on the stock. Bank of America decreased their price objective on shares of Steel Dynamics from $280.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded Steel Dynamics from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 20th. Morgan Stanley reduced their target price on Steel Dynamics from $270.00 to $260.00 and set an "equal weight" rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their target price on Steel Dynamics from $272.00 to $260.00 and set a "neutral" rating for the company in a research report on Friday, October 9th. Finally, Wells Fargo & Company raised their price target on Steel Dynamics from $257.00 to $271.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $259.64.

Steel Dynamics Price Performance

Shares of NASDAQ:STLD opened at $237.55 on Tuesday. The company's fifty day moving average price is $237.04 and its 200 day moving average price is $221.66. Steel Dynamics has a 12 month low of $150.03 and a 12 month high of $288.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.14 and a quick ratio of 1.48. The firm has a market capitalization of $34.05 billion, a P/E ratio of 17.53, a P/E/G ratio of 0.35 and a beta of 1.48.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last released its quarterly earnings data on Monday, October 19th. The basic materials company reported $5.26 earnings per share for the quarter, missing analysts' consensus estimates of $5.48 by ($0.22). Steel Dynamics had a return on equity of 21.57% and a net margin of 8.82%. The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the business posted $2.74 EPS. The firm's revenue for the quarter was up 34.8% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new stake in shares of Steel Dynamics during the second quarter worth about $26,000. Wealth Enhancement Trust Services Inc. increased its position in Steel Dynamics by 1,200.0% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 117 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 108 shares during the period. NBH Bank acquired a new position in Steel Dynamics in the 2nd quarter valued at about $31,000. City State Bank purchased a new stake in Steel Dynamics during the 3rd quarter valued at approximately $32,000. Finally, Caitlin John LLC purchased a new stake in Steel Dynamics during the 2nd quarter valued at approximately $35,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Steel Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Steel Dynamics's dividend payout ratio (DPR) is presently 15.65%.

Steel Dynamics Company Profile

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. The company manufactures steel products using electric arc furnace technology and serves customers across industries such as construction, automotive, manufacturing, and energy.

Its operations include the production of flat rolled steel, long steel products, structural steel, rail, and specialty products. Steel Dynamics also provides steel processing and fabrication services, including the manufacture of steel joists, deck systems, and other components used in commercial and industrial construction.

The company operates metals recycling facilities that collect, process, and supply ferrous and nonferrous scrap to support its steelmaking operations.

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