Steel Dynamics (STLD) Set to Announce Quarterly Earnings on Tuesday
Steel Dynamics (NASDAQ:STLD) will announce its earnings results after the market closes on Tuesday, April 17th. Analysts expect the company to announce earnings of $1.00 per share for the quarter.
Steel Dynamics (NASDAQ:STLD) last announced its earnings results on Monday, January 22nd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.17 billion. Steel Dynamics had a net margin of 8.52% and a return on equity of 21.48%. On average, analysts expect Steel Dynamics to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NASDAQ STLD opened at $44.58 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.04 and a quick ratio of 2.29. The company has a market cap of $10,649.31, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 0.87 and a beta of 1.29. Steel Dynamics has a 12-month low of $32.15 and a 12-month high of $50.70.
Several analysts recently issued reports on STLD shares. Zacks Investment Research lowered shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Jefferies Group restated a “buy” rating and set a $53.00 target price on shares of Steel Dynamics in a research report on Thursday, January 11th. Longbow Research upgraded shares of Steel Dynamics from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. BidaskClub upgraded shares of Steel Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Finally, Cowen reiterated an “outperform” rating and issued a $60.00 price target (up from $53.00) on shares of Steel Dynamics in a research report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Steel Dynamics currently has a consensus rating of “Buy” and an average price target of $48.29.
Steel Dynamics Company Profile
Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment provides hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; merchant bar products, including angles, merchant rounds, flats, channels, and reinforcing bars; beams, channels, and specialty steel sections; and threaded rod products, and cold drawn and heat treated bars.
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