Q4 2024 Earnings Estimate for Steel Dynamics, Inc. (NASDAQ:STLD) Issued By Seaport Res Ptn

Steel Dynamics, Inc. (NASDAQ:STLD) – Investment analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for Steel Dynamics in a report issued on Wednesday, July 24th. Seaport Res Ptn analyst M. Englert now anticipates that the basic materials company will post earnings of $2.08 per share for the quarter, down from their prior estimate of $2.63. The consensus estimate for Steel Dynamics’ current full-year earnings is $11.35 per share. Seaport Res Ptn also issued estimates for Steel Dynamics’ Q1 2025 earnings at $2.54 EPS, Q3 2025 earnings at $3.05 EPS and FY2025 earnings at $11.85 EPS.

A number of other brokerages have also recently issued reports on STLD. BMO Capital Markets reduced their price objective on Steel Dynamics from $140.00 to $135.00 and set a “market perform” rating for the company in a report on Tuesday, June 18th. JPMorgan Chase & Co. boosted their price target on Steel Dynamics from $118.00 to $120.00 and gave the company an “underweight” rating in a research note on Tuesday, July 16th. Bank of America cut their price target on Steel Dynamics from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, June 26th. Finally, Jefferies Financial Group began coverage on Steel Dynamics in a research note on Monday, May 20th. They issued a “hold” rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Steel Dynamics presently has an average rating of “Hold” and an average target price of $133.86.

Steel Dynamics Trading Down 1.3 %

Shares of NASDAQ:STLD opened at $128.85 on Monday. Steel Dynamics has a 12-month low of $95.53 and a 12-month high of $151.34. The stock has a market cap of $20.25 billion, a PE ratio of 8.85 and a beta of 1.35. The business has a 50 day moving average of $127.87 and a 200-day moving average of $130.29. The company has a quick ratio of 1.19, a current ratio of 2.35 and a debt-to-equity ratio of 0.25.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Wednesday, July 17th. The basic materials company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.05. Steel Dynamics had a return on equity of 22.89% and a net margin of 11.10%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter last year, the company posted $4.81 earnings per share. Steel Dynamics’s quarterly revenue was down 8.8% on a year-over-year basis.

Hedge Funds Weigh In On Steel Dynamics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC bought a new position in shares of Steel Dynamics during the 1st quarter worth about $25,000. LifeSteps Financial Inc. bought a new position in shares of Steel Dynamics during the 1st quarter worth about $26,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Steel Dynamics during the 4th quarter worth about $29,000. Lindbrook Capital LLC boosted its position in shares of Steel Dynamics by 117.5% during the 4th quarter. Lindbrook Capital LLC now owns 248 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 134 shares in the last quarter. Finally, Security National Bank bought a new position in shares of Steel Dynamics during the 4th quarter worth about $30,000. Institutional investors own 82.41% of the company’s stock.

Insider Buying and Selling

In other Steel Dynamics news, Director Gabriel Shaheen 1,825 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available at this link. In other Steel Dynamics news, SVP Christopher A. Graham sold 21,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $136.81, for a total transaction of $2,873,010.00. Following the sale, the senior vice president now owns 60,415 shares of the company’s stock, valued at $8,265,376.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gabriel Shaheen 1,825 shares of Steel Dynamics stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. 6.00% of the stock is currently owned by insiders.

Steel Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Sunday, June 30th were paid a $0.46 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.84 annualized dividend and a dividend yield of 1.43%. Steel Dynamics’s dividend payout ratio is 12.64%.

About Steel Dynamics

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.