Steel Dynamics Q1 EPS Estimate Reduced by Seaport Res Ptn

Key Points

• Seaport Res Ptn has lowered its Q1 2026 earnings per share estimate for Steel Dynamics to $3.04, down from $3.15, indicating a need for investors to reassess expectations.
• In its latest earnings report, Steel Dynamics missed consensus estimates with earnings of $2.01 per share while revenue fell 1.5% year-over-year to $4.57 billion.
• Despite the earnings downgrade, several analysts have issued positive ratings for Steel Dynamics, with target prices ranging from $145 to $150, reflecting confidence in the company's long-term prospects.

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Investment analysts at Seaport Res Ptn cut their Q1 2026 EPS estimates for Steel Dynamics in a report issued on Wednesday, September 10th. Seaport Res Ptn analyst M. Englert now anticipates that the basic materials company will earn $3.04 per share for the quarter, down from their previous estimate of $3.15. The consensus estimate for Steel Dynamics' current full-year earnings is $9.01 per share.

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

STLD has been the subject of several other reports. Morgan Stanley upped their target price on shares of Steel Dynamics from $140.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, June 20th. JPMorgan Chase & Co. upped their target price on shares of Steel Dynamics from $138.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company upped their target price on shares of Steel Dynamics from $143.00 to $150.00 and gave the stock an "overweight" rating in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Steel Dynamics presently has an average rating of "Moderate Buy" and an average price target of $149.40.

Steel Dynamics Price Performance

NASDAQ:STLD traded up $9.30 during midday trading on Thursday, hitting $140.88. The company had a trading volume of 1,129,258 shares, compared to its average volume of 1,572,719. Steel Dynamics has a 52-week low of $103.17 and a 52-week high of $155.56. The stock's fifty day moving average price is $129.55 and its 200-day moving average price is $127.97. The company has a market capitalization of $20.74 billion, a PE ratio of 20.50, a P/E/G ratio of 1.06 and a beta of 1.40. The company has a quick ratio of 1.34, a current ratio of 3.13 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On Steel Dynamics

A number of institutional investors and hedge funds have recently made changes to their positions in STLD. Norges Bank bought a new position in shares of Steel Dynamics during the second quarter valued at approximately $339,769,000. Victory Capital Management Inc. increased its stake in shares of Steel Dynamics by 433.1% during the first quarter. Victory Capital Management Inc. now owns 1,816,525 shares of the basic materials company's stock valued at $227,211,000 after purchasing an additional 1,475,767 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Steel Dynamics by 25.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,066,300 shares of the basic materials company's stock valued at $883,854,000 after purchasing an additional 1,437,897 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Steel Dynamics by 531.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,191,669 shares of the basic materials company's stock valued at $149,054,000 after purchasing an additional 1,002,813 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Steel Dynamics by 43.3% during the second quarter. Nordea Investment Management AB now owns 2,088,372 shares of the basic materials company's stock valued at $271,238,000 after purchasing an additional 630,935 shares in the last quarter. Institutional investors own 82.41% of the company's stock.

Insider Buying and Selling at Steel Dynamics

In other news, SVP Christopher A. Graham sold 12,000 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $126.71, for a total transaction of $1,520,520.00. Following the completion of the sale, the senior vice president directly owned 66,738 shares in the company, valued at approximately $8,456,371.98. This represents a 15.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.30% of the company's stock.

Steel Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Steel Dynamics's dividend payout ratio is currently 29.15%.

Steel Dynamics Company Profile

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.