Seaport Res Ptn Lowers Earnings Estimates for Steel Dynamics

Key Points

• Seaport Res Ptn has reduced their Q3 2025 earnings estimate for Steel Dynamics from $2.92 to $2.77 per share, while the full-year earnings estimate remains at $9.01 per share.
• Despite a recent earnings miss, several analysts, including Morgan Stanley and JPMorgan Chase, have raised their target prices for Steel Dynamics, with an average target price now standing at $148.70.
• The company announced a quarterly dividend of $0.50 per share, representing a 1.5% dividend yield as of October 10th, with a payout ratio of 29.15%.

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Investment analysts at Seaport Res Ptn lowered their Q3 2025 earnings per share estimates for shares of Steel Dynamics in a research report issued on Wednesday, September 10th. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will post earnings per share of $2.77 for the quarter, down from their previous estimate of $2.92. The consensus estimate for Steel Dynamics' current full-year earnings is $9.01 per share. Seaport Res Ptn also issued estimates for Steel Dynamics' Q4 2025 earnings at $2.34 EPS, FY2025 earnings at $8.56 EPS, Q4 2026 earnings at $3.57 EPS and FY2026 earnings at $13.73 EPS.

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

Steel Dynamics Price Performance

Steel Dynamics stock traded up $0.93 during trading hours on Friday, hitting $131.58. 1,083,210 shares of the company traded hands, compared to its average volume of 1,575,828. The firm has a market cap of $19.37 billion, a P/E ratio of 19.18, 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. The firm's 50-day simple moving average is $129.59 and its two-hundred day simple moving average is $127.99. Steel Dynamics has a 1-year low of $103.17 and a 1-year high of $155.56.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its earnings results 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). The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.82 billion. Steel Dynamics had a net margin of 6.07% and a return on equity of 11.88%. The business's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.72 earnings per share.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. Steel Dynamics's payout ratio is 29.15%.

Insider Transactions at Steel Dynamics

In other Steel Dynamics news, SVP Christopher A. Graham sold 12,000 shares of Steel Dynamics stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $126.71, for a total value 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 $8,456,371.98. The trade was a 15.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Financial Gravity Asset Management Inc. acquired a new stake in shares of Steel Dynamics in the first quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC grew its holdings in Steel Dynamics by 493.9% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 196 shares of the basic materials company's stock valued at $25,000 after buying an additional 163 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Steel Dynamics in the 2nd quarter valued at approximately $30,000. Zions Bancorporation National Association UT acquired a new stake in Steel Dynamics in the 1st quarter valued at approximately $32,000. Finally, WPG Advisers LLC acquired a new stake in Steel Dynamics in the 1st quarter valued at approximately $32,000. 82.41% of the stock is owned by institutional investors.

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.