Steel Dynamics Q1 EPS Forecast Decreased by Zacks Research

Steel Dynamics, Inc. (NASDAQ:STLD) – Equities researchers at Zacks Research cut their Q1 2025 earnings estimates for shares of Steel Dynamics in a research note issued to investors on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the basic materials company will post earnings of $1.39 per share for the quarter, down from their previous estimate of $1.41. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.01 per share. Zacks Research also issued estimates for Steel Dynamics’ FY2027 earnings at $13.36 EPS.

Several other equities research analysts have also commented on the stock. Morgan Stanley upgraded shares of Steel Dynamics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $145.00 to $158.00 in a research report on Friday, March 7th. Jefferies Financial Group raised Steel Dynamics from a “hold” rating to a “buy” rating and lifted their price target for the stock from $125.00 to $145.00 in a research note on Friday, January 24th. StockNews.com raised Steel Dynamics from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. lifted their price target on Steel Dynamics from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, Citigroup cut their price target on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

Steel Dynamics Price Performance

Shares of NASDAQ STLD opened at $122.67 on Friday. The firm has a market capitalization of $18.42 billion, a P/E ratio of 12.52, a PEG ratio of 1.05 and a beta of 1.34. Steel Dynamics has a one year low of $104.60 and a one year high of $155.56. The company’s fifty day moving average is $128.22 and its two-hundred day moving average is $128.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.08 and a current ratio of 2.53.

Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a return on equity of 17.32% and a net margin of 8.76%. During the same quarter in the previous year, the business earned $2.61 EPS.

Steel Dynamics announced that its Board of Directors has initiated a share buyback program on Monday, February 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the basic materials company to buy up to 7.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Steel Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a $0.50 dividend. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 1.63%. Steel Dynamics’s payout ratio is presently 20.41%.

Insider Activity at Steel Dynamics

In other news, SVP Glenn Pushis sold 23,649 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the completion of the transaction, the senior vice president now owns 122,140 shares of the company’s stock, valued at $16,448,593.80. This represents a 16.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Steel Dynamics during the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new position in shares of Steel Dynamics during the 4th quarter valued at about $28,000. Private Trust Co. NA grew its holdings in shares of Steel Dynamics by 532.6% during the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 245 shares during the period. IAG Wealth Partners LLC purchased a new stake in shares of Steel Dynamics during the 4th quarter worth about $39,000. Finally, Investment Management Corp VA ADV purchased a new stake in shares of Steel Dynamics during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 82.41% 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.