Q1 EPS Estimate for Steel Dynamics Lowered by Analyst

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Equities researchers at Seaport Res Ptn reduced their Q1 2026 EPS estimates for shares of Steel Dynamics in a research report issued on Monday, July 21st. Seaport Res Ptn analyst M. Englert now anticipates that the basic materials company will earn $3.15 per share for the quarter, down from their prior forecast of $4.08. The consensus estimate for Steel Dynamics' current full-year earnings is $9.01 per share. Seaport Res Ptn also issued estimates for Steel Dynamics' Q2 2026 earnings at $3.47 EPS, Q3 2026 earnings at $3.66 EPS and Q4 2026 earnings at $3.56 EPS.

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

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Steel Dynamics from $138.00 to $150.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. BMO Capital Markets raised shares of Steel Dynamics from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $135.00 to $145.00 in a report on Monday, March 31st. Morgan Stanley raised their price objective on shares of Steel Dynamics from $140.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. Finally, Wall Street Zen downgraded shares of Steel Dynamics from a "hold" rating to a "sell" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $149.33.

Steel Dynamics Stock Performance

Shares of Steel Dynamics stock traded up $4.00 on Thursday, reaching $130.83. 1,031,232 shares of the company traded hands, compared to its average volume of 1,284,208. Steel Dynamics has a 52 week low of $103.17 and a 52 week high of $155.56. The company has a 50 day moving average of $131.27 and a 200 day moving average of $127.97. The firm has a market capitalization of $19.42 billion, a PE ratio of 19.07, a PEG ratio of 1.02 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.13 and a quick ratio of 1.38.

Institutional Trading of Steel Dynamics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management raised its position in shares of Steel Dynamics by 24.4% during the 1st quarter. Ritholtz Wealth Management now owns 6,687 shares of the basic materials company's stock valued at $836,000 after buying an additional 1,310 shares in the last quarter. Farther Finance Advisors LLC raised its position in Steel Dynamics by 10.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,535 shares of the basic materials company's stock worth $190,000 after purchasing an additional 145 shares during the period. Orion Portfolio Solutions LLC raised its position in Steel Dynamics by 63.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 7,354 shares of the basic materials company's stock worth $839,000 after purchasing an additional 2,854 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Steel Dynamics by 31.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 27,511 shares of the basic materials company's stock worth $3,441,000 after purchasing an additional 6,604 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Steel Dynamics in the 4th quarter worth $16,495,000. Hedge funds and other institutional investors own 82.41% of the company's stock.

Insider Activity at Steel Dynamics

In other news, Director Gabriel Shaheen sold 1,254 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $134.11, for a total transaction of $168,173.94. Following the sale, the director owned 81,812 shares in the company, valued at approximately $10,971,807.32. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Miguel Alvarez sold 7,495 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $135.26, for a total transaction of $1,013,773.70. Following the sale, the senior vice president owned 125,319 shares in the company, valued at approximately $16,950,647.94. This trade represents a 5.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

Steel Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.53%. The ex-dividend date was Monday, June 30th. Steel Dynamics's dividend payout ratio is presently 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.