Equities research analysts expect Steel Dynamics, Inc. (NASDAQ:STLD) to announce sales of $2.15 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Steel Dynamics’ earnings. The highest sales estimate is $2.24 billion and the lowest is $2.12 billion. Steel Dynamics posted sales of $1.91 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The business is expected to report its next quarterly earnings report on Tuesday, January 23rd.

On average, analysts expect that Steel Dynamics will report full-year sales of $2.15 billion for the current fiscal year, with estimates ranging from $9.22 billion to $9.44 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.59 billion per share, with estimates ranging from $9.26 billion to $10.09 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Steel Dynamics.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. Steel Dynamics’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share.

Several equities analysts recently issued reports on STLD shares. Bank of America lifted their price objective on Steel Dynamics from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Cowen set a $43.00 price objective on Steel Dynamics and gave the stock a “buy” rating in a report on Friday, October 20th. Citigroup lifted their price objective on Steel Dynamics from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of Steel Dynamics in a report on Thursday, August 31st. Finally, KeyCorp reaffirmed a “buy” rating and set a $44.00 price objective on shares of Steel Dynamics in a report on Friday, November 24th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Steel Dynamics presently has a consensus rating of “Buy” and an average price target of $41.70.

Shares of Steel Dynamics (NASDAQ:STLD) traded up $0.96 during mid-day trading on Friday, reaching $40.70. The company had a trading volume of 3,456,200 shares, compared to its average volume of 2,198,830. The firm has a market capitalization of $9,416.47, a PE ratio of 15.65, a PEG ratio of 1.24 and a beta of 1.40. Steel Dynamics has a 52-week low of $32.15 and a 52-week high of $41.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.95 and a current ratio of 3.35.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Sunday, December 31st will be issued a $0.155 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.52%. Steel Dynamics’s dividend payout ratio (DPR) is 28.57%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STLD. Russell Investments Group Ltd. raised its holdings in shares of Steel Dynamics by 15.0% in the second quarter. Russell Investments Group Ltd. now owns 208,346 shares of the basic materials company’s stock worth $7,465,000 after acquiring an additional 27,247 shares during the last quarter. Shell Asset Management Co. raised its holdings in shares of Steel Dynamics by 95.8% in the second quarter. Shell Asset Management Co. now owns 20,127 shares of the basic materials company’s stock worth $721,000 after acquiring an additional 9,849 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Steel Dynamics in the second quarter worth $251,000. Candriam Luxembourg S.C.A. acquired a new position in shares of Steel Dynamics in the second quarter worth $746,000. Finally, Pictet Asset Management Ltd. acquired a new position in shares of Steel Dynamics in the second quarter worth $2,733,000. 83.45% of the stock is owned by institutional investors.

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Steel Dynamics Company Profile

Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.

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Earnings History and Estimates for Steel Dynamics (NASDAQ:STLD)

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