Analysts Issue Forecasts for Steel Dynamics FY2025 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Zacks Research raised their FY2025 earnings estimates for shares of Steel Dynamics in a report issued on Wednesday, May 28th. Zacks Research analyst R. Department now forecasts that the basic materials company will earn $8.68 per share for the year, up from their prior estimate of $8.67. The consensus estimate for Steel Dynamics' current full-year earnings is $9.01 per share. Zacks Research also issued estimates for Steel Dynamics' FY2027 earnings at $13.91 EPS.

A number of other equities analysts have also issued reports on the stock. UBS Group upgraded shares of Steel Dynamics from a "neutral" rating to a "buy" rating and set a $149.00 target price on the stock in a research report on Monday, March 24th. Morgan Stanley set a $140.00 price objective on shares of Steel Dynamics and gave the stock an "overweight" rating in a research report on Thursday, April 24th. BMO Capital Markets raised Steel Dynamics from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $135.00 to $145.00 in a report on Monday, March 31st. KeyCorp upgraded Steel Dynamics from a "sector weight" rating to an "overweight" rating and set a $155.00 target price on the stock in a research note on Tuesday, February 11th. Finally, Wall Street Zen lowered shares of Steel Dynamics from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Steel Dynamics currently has an average rating of "Moderate Buy" and a consensus target price of $147.44.

Steel Dynamics Stock Performance

NASDAQ:STLD traded down $1.99 during mid-day trading on Friday, reaching $133.72. 612,549 shares of the stock were exchanged, compared to its average volume of 1,532,597. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $19.85 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.05 and a beta of 1.44. The company has a 50 day simple moving average of $125.44 and a 200-day simple moving average of $127.19. 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 issued its quarterly earnings data on Tuesday, April 22nd. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.04. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.17 billion. Steel Dynamics had a return on equity of 17.32% and a net margin of 8.76%. During the same quarter last year, the company posted $3.67 earnings per share.

Steel Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Monday, June 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, June 30th. Steel Dynamics's payout ratio is currently 26.42%.

Steel Dynamics declared that its Board of Directors has initiated a share buyback plan on Monday, February 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the basic materials company to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Steel Dynamics

In related news, SVP Miguel Alvarez sold 7,495 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $135.26, for a total value of $1,013,773.70. Following the completion of the sale, the senior vice president now directly owns 125,319 shares of the company's stock, valued at $16,950,647.94. The trade was a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Steel Dynamics

Institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Steel Dynamics during the fourth quarter valued at $336,426,000. Victory Capital Management Inc. grew its position in shares of Steel Dynamics by 433.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,816,525 shares of the basic materials company's stock valued at $227,211,000 after buying an additional 1,475,767 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings 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 during the last quarter. Finally, Capital Research Global Investors grew its stake in Steel Dynamics by 29.4% during the 4th quarter. Capital Research Global Investors now owns 3,592,670 shares of the basic materials company's stock worth $409,816,000 after buying an additional 815,629 shares during the last quarter. 82.41% of the stock is currently owned by institutional investors.

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.