KeyCorp Forecasts Steel Dynamics FY2025 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD) – KeyCorp issued their FY2025 earnings per share (EPS) estimates for shares of Steel Dynamics in a research report issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the basic materials company will post earnings per share of $8.15 for the year. The consensus estimate for Steel Dynamics’ current full-year earnings is $8.93 per share.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a net margin of 8.76% and a return on equity of 17.25%. During the same period in the previous year, the company earned $2.61 earnings per share.

Other equities analysts also recently issued reports about the company. Bank of America raised Steel Dynamics from a “neutral” rating to a “buy” rating and raised their price objective for the company from $140.00 to $155.00 in a research note on Tuesday, October 1st. UBS Group reiterated a “neutral” rating and set a $149.00 target price (up previously from $145.00) on shares of Steel Dynamics in a report on Thursday, December 12th. Citigroup lowered their target price on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. StockNews.com cut Steel Dynamics from a “hold” rating to a “sell” rating in a report on Thursday. Finally, The Goldman Sachs Group assumed coverage on Steel Dynamics in a report on Monday, December 2nd. They set a “neutral” rating and a $155.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.38.

Steel Dynamics Stock Performance

NASDAQ STLD opened at $122.35 on Thursday. Steel Dynamics has a 1-year low of $104.60 and a 1-year high of $155.56. The company has a market capitalization of $18.63 billion, a P/E ratio of 12.48 and a beta of 1.36. The business has a 50 day moving average price of $127.27 and a 200 day moving average price of $126.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.39 and a quick ratio of 1.26.

Steel Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, December 31st. Steel Dynamics’s payout ratio is currently 18.78%.

Insider Buying and Selling at Steel Dynamics

In other news, VP Chad Bickford sold 2,000 shares of Steel Dynamics stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $134.86, for a total transaction of $269,720.00. Following the sale, the vice president now directly owns 17,100 shares of the company’s stock, valued at approximately $2,306,106. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Miguel Alvarez sold 6,650 shares of Steel Dynamics stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $143.00, for a total value of $950,950.00. Following the sale, the senior vice president now directly owns 116,949 shares in the company, valued at approximately $16,723,707. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,650 shares of company stock valued at $1,498,170 over the last three months. 6.00% of the stock is owned by company insiders.

Institutional Trading of Steel Dynamics

A number of hedge funds and other institutional investors have recently modified their holdings of STLD. Wilmington Savings Fund Society FSB acquired a new position in Steel Dynamics in the third quarter worth about $25,000. ORG Wealth Partners LLC acquired a new position in shares of Steel Dynamics during the fourth quarter worth approximately $28,000. Private Trust Co. NA boosted its position in shares of Steel Dynamics by 532.6% during the third quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock worth $37,000 after buying an additional 245 shares during the period. Brooklyn Investment Group acquired a new position in shares of Steel Dynamics during the third quarter worth approximately $61,000. Finally, Quest Partners LLC acquired a new position in shares of Steel Dynamics during the third quarter worth approximately $62,000. 82.41% of the stock is owned by hedge funds and other 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.