Steel Dynamics (STLD) Projected to Post Quarterly Earnings on Wednesday

Steel Dynamics (NASDAQ:STLD) is anticipated to post its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Steel Dynamics to post earnings of $1.69 per share and revenue of $3,978,918.66 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Steel Dynamics Stock Up 0.7 %

Shares of NASDAQ:STLD opened at $125.83 on Tuesday. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 11.39 and a beta of 1.36. Steel Dynamics has a 12 month low of $104.60 and a 12 month high of $155.56. The company has a current ratio of 2.39, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $128.69 and a 200 day moving average price of $126.43.

Steel Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Tuesday, December 31st. Steel Dynamics’s payout ratio is 16.65%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on STLD shares. BNP Paribas raised Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Bank of America upgraded shares of Steel Dynamics from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $155.00 in a research report on Tuesday, October 1st. BMO Capital Markets raised their target price on shares of Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. JPMorgan Chase & Co. cut their price target on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating on the stock in a report on Friday. Finally, UBS Group reissued a “neutral” rating and issued a $149.00 price objective (up previously from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Steel Dynamics currently has an average rating of “Hold” and a consensus target price of $140.88.

Insider Activity

In other news, SVP Miguel Alvarez sold 6,650 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total value of $950,950.00. Following the completion of the sale, the senior vice president now owns 116,949 shares of the company’s stock, valued at approximately $16,723,707. This represents a 5.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard A. Poinsatte sold 2,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $138.75, for a total transaction of $277,500.00. Following the transaction, the senior vice president now owns 21,101 shares in the company, valued at approximately $2,927,763.75. This represents a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,650 shares of company stock valued at $1,498,170. Corporate insiders own 6.10% of the company’s stock.

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.