Steel Dynamics, Inc. is a diversified carbon-steel steel producer and metals recycler in the U.S. It produces a wide array of steel - beams, bars, steel sheet, and more. It operates through the following segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Others. The Steel Operations segment consist of its electric arc furnace mini-mills, producing steel from steel scrap, utilizing continuous casting, automated rolling mills, and various downstream finishing facilities. The Metals Recycling Operations segment primarily includes its metals recycling operations, liquid pig iron production facility, and Minnesota iron operations. The Steel Fabrication Operations segment includes New Millennium Building Systems plants, which fabricate steel joists, trusses, girders, and decking used within the non-residential construction industry. The company was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets and John C. Bates in August 1993 and is headquartered in Fort Wayne, IN.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Blast furnaces & steel mills
Sub-IndustrySteel
SectorBasic Materials
Current SymbolNASDAQ:STLD
Previous Symbol
CUSIP85811910
Phone260-969-3500
Debt
Debt-to-Equity Ratio0.61
Current Ratio3.94
Quick Ratio2.17
Price-To-Earnings
Trailing P/E Ratio12.15
Forward P/E Ratio5.80
P/E Growth0.49
Sales & Book Value
Annual Sales$9.54 billion
Price / Sales0.77
Cash Flow$3.9461 per share
Price / Cash Flow8.16
Book Value$13.48 per share
Price / Book2.39
Profitability
EPS (Most Recent Fiscal Year)$2.65
Net Income$812.74 million
Net Margins11.49%
Return on Equity31.96%
Return on Assets15.33%
Miscellaneous
Employees7,635
Outstanding Shares229,550,000
Market Cap$7.43 billion
OptionableOptionable
Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions
What is Steel Dynamics' stock symbol?
Steel Dynamics trades on the NASDAQ under the ticker symbol "STLD."
How often does Steel Dynamics pay dividends? What is the dividend yield for Steel Dynamics?
Steel Dynamics announced a quarterly dividend on Tuesday, November 20th. Investors of record on Monday, December 31st will be paid a dividend of $0.1875 per share on Friday, January 11th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, December 28th. View Steel Dynamics' Dividend History.
How will Steel Dynamics' stock buyback program work?
Steel Dynamics announced that its board has authorized a share repurchase plan on Tuesday, September 4th 2018, which allows the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.
How were Steel Dynamics' earnings last quarter?
Steel Dynamics, Inc. (NASDAQ:STLD) issued its quarterly earnings results on Wednesday, October, 17th. The basic materials company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. The basic materials company earned $3.22 billion during the quarter, compared to analysts' expectations of $3.14 billion. Steel Dynamics had a return on equity of 31.96% and a net margin of 11.49%. The business's revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. View Steel Dynamics' Earnings History.
When is Steel Dynamics' next earnings date?
What guidance has Steel Dynamics issued on next quarter's earnings?
Steel Dynamics updated its third quarter earnings guidance on Tuesday, September, 18th. The company provided earnings per share guidance of $1.64-1.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.70.
What price target have analysts set for STLD?
13 Wall Street analysts have issued 1 year target prices for Steel Dynamics' shares. Their predictions range from $36.00 to $60.00. On average, they anticipate Steel Dynamics' share price to reach $52.5833 in the next year. This suggests a possible upside of 63.3% from the stock's current price. View Analyst Price Targets for Steel Dynamics.
What is the consensus analysts' recommendation for Steel Dynamics?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steel Dynamics.
Has Steel Dynamics been receiving favorable news coverage?
Press coverage about STLD stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Steel Dynamics earned a media sentiment score of 1.2 on InfoTrie's scale. They also gave news stories about the basic materials company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the immediate future.
Who are some of Steel Dynamics' key competitors?
Some companies that are related to Steel Dynamics include ArcelorMittal (MT), POSCO (PKX), SUMITOMO CORP/S (SSUMY), Nucor (NUE), Tenaris (TS), EVRAZ (EVRZF), Ternium (TX), United States Steel (X), APERAM/SH N Y REGISTRY SH (APEMY), Commercial Metals (CMC), Carpenter Technology (CRS), USINAS SIDERURG/S (USNZY), AK Steel (AKS), SunCoke Energy (SXC) and SunCoke Energy Partners (SXCP).
Who are Steel Dynamics' key executives?
Steel Dynamics' management team includes the folowing people:
- Mark D. Millett, President, Chief Executive Officer & Director
- Theresa E. Wagler, Chief Financial Officer & Executive Vice President
- Robert E. Francis, Chief Information Officer & Vice President
- Russell B. Rinn, Executive Vice President
- Richard A. Poinsatte, Treasurer, Vice President & Risk Manager
Who are Steel Dynamics' major shareholders?
Steel Dynamics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.85%), Vanguard Group Inc (9.30%), FMR LLC (2.62%), Steadfast Capital Management LP (1.51%), Bank of New York Mellon Corp (1.39%) and Standard Life Aberdeen plc (1.13%). Company insiders that own Steel Dynamics stock include Christopher A Graham, Jurgen Dr Kolb, Keith E Busse, Richard P Teets Jr and Theresa E Wagler. View Institutional Ownership Trends for Steel Dynamics.
Which institutional investors are selling Steel Dynamics stock?
STLD stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, AQR Capital Management LLC, KAMES CAPITAL plc, TIAA CREF Investment Management LLC, FMR LLC, Mitsubishi UFJ Trust & Banking Corp, Deutsche Bank AG and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Steel Dynamics company stock in the last year include Christopher A Graham, Jurgen Dr Kolb, Keith E Busse and Theresa E Wagler. View Insider Buying and Selling for Steel Dynamics.
Which institutional investors are buying Steel Dynamics stock?
STLD stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc, BlackRock Inc., Legal & General Group Plc, Prudential Financial Inc., Marshall Wace LLP, Glenmede Trust Co. NA, Janus Henderson Group PLC and Ashler Capital LLC. View Insider Buying and Selling for Steel Dynamics.
How do I buy shares of Steel Dynamics?
Shares of STLD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Steel Dynamics' stock price today?
One share of STLD stock can currently be purchased for approximately $32.20.
How big of a company is Steel Dynamics?
Steel Dynamics has a market capitalization of $7.43 billion and generates $9.54 billion in revenue each year. The basic materials company earns $812.74 million in net income (profit) each year or $2.65 on an earnings per share basis. Steel Dynamics employs 7,635 workers across the globe.
What is Steel Dynamics' official website?
How can I contact Steel Dynamics?
Steel Dynamics' mailing address is 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804. The basic materials company can be reached via phone at 260-969-3500 or via email at [email protected]
MarketBeat Community Rating for Steel Dynamics (NASDAQ STLD)
MarketBeat's community ratings are surveys of what our community members think about Steel Dynamics and other stocks. Vote "Outperform" if you believe STLD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STLD will underperform the S&P 500 over the long term. You may vote once every thirty days.
