Steel Dynamics (NASDAQ:STLD) is scheduled to be releasing its earnings data after the market closes on Monday, January 22nd. Analysts expect Steel Dynamics to post earnings of $0.57 per share for the quarter.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue was up 16.3% on a year-over-year basis. On average, analysts expect Steel Dynamics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Steel Dynamics (STLD) opened at $47.01 on Monday. Steel Dynamics has a 52-week low of $32.15 and a 52-week high of $47.39. The firm has a market capitalization of $11,139.11, a PE ratio of 21.66, a PEG ratio of 1.16 and a beta of 1.40. The company has a current ratio of 3.35, a quick ratio of 1.95 and a debt-to-equity ratio of 0.80.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Sunday, December 31st were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, December 28th. Steel Dynamics’s dividend payout ratio is presently 28.57%.

Several brokerages have recently weighed in on STLD. KeyCorp set a $49.00 price target on Steel Dynamics and gave the company a “buy” rating in a research report on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and set a $53.00 price target on shares of Steel Dynamics in a research report on Thursday. BidaskClub upgraded Steel Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Bank of America set a $51.00 price objective on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Monday, January 8th. Finally, Zacks Investment Research upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $43.71.

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About Steel Dynamics

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.

Earnings History for Steel Dynamics (NASDAQ:STLD)

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