Steel Dynamics (NASDAQ:STLD) Issues Q3 2026 Earnings Guidance

Key Points

• Steel Dynamics guided for third-quarter 2026 EPS of $5.34–$5.38, below the analyst consensus estimate of $5.66.
• Analyst sentiment remains favorable, with eight Buy ratings and four Holds; the stock carries a consensus “Moderate Buy” rating and a $258.45 price target.
• Shares rose $7.12 to $245.35 in Thursday trading, while the company maintained a quarterly dividend of $0.53 per share, representing a 0.9% yield.

Steel Dynamics (NASDAQ:STLD - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 5.340-5.380 for the period, compared to the consensus estimate of 5.660. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STLD. Bank of America cut their price objective on shares of Steel Dynamics from $280.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, July 9th. JPMorgan Chase & Co. raised their price objective on Steel Dynamics from $260.00 to $273.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 9th. Wall Street Zen raised Steel Dynamics from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 12th. Weiss Ratings cut shares of Steel Dynamics from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 11th. Finally, Barclays raised their target price on shares of Steel Dynamics from $270.00 to $272.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.45.

Steel Dynamics Price Performance

NASDAQ STLD traded up $7.12 during trading on Thursday, hitting $245.35. 844,674 shares of the company's stock were exchanged, compared to its average volume of 1,225,206. The company has a market cap of $35.17 billion, a PE ratio of 22.24, a P/E/G ratio of 0.42 and a beta of 1.50. The company has a current ratio of 3.18, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. Steel Dynamics has a fifty-two week low of $134.87 and a fifty-two week high of $288.74. The stock's 50 day moving average price is $243.47 and its two-hundred day moving average price is $227.89.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last issued its earnings results on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share for the quarter, beating analysts' consensus estimates of $3.63 by $0.06. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.12%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same quarter last year, the business posted $2.01 earnings per share. The company's quarterly revenue was up 33.4% on a year-over-year basis. Research analysts expect that Steel Dynamics will post 18.58 EPS for the current year.

Steel Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Steel Dynamics's dividend payout ratio (DPR) is presently 19.22%.

Steel Dynamics Company Profile

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. Founded in 1993, the company operates electric arc furnaces that use recycled steel and other metallic inputs to manufacture a broad range of steel products. Its customers include companies in the construction, automotive, manufacturing, transportation, energy and appliance industries.

Steel Dynamics' steel operations produce flat-rolled steel, structural steel, rail, engineered bar products and other specialty steel products.

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