KeyCorp Forecasts Steel Dynamics FY2025 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD) – Analysts at KeyCorp issued their FY2025 earnings per share estimates for Steel Dynamics in a report released on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the basic materials company will post earnings per share of $8.15 for the year. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.70 per share.

Other analysts have also issued reports about the company. BMO Capital Markets increased their target price on Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. The Goldman Sachs Group started coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They issued a “neutral” rating and a $155.00 target price on the stock. BNP Paribas raised shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Citigroup reduced their price target on shares of Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.88.

Steel Dynamics Trading Down 1.4 %

Shares of NASDAQ:STLD opened at $122.89 on Thursday. The company has a market capitalization of $18.71 billion, a P/E ratio of 11.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.39 and a quick ratio of 1.26. The business’s 50 day simple moving average is $127.92 and its 200 day simple moving average is $126.41. Steel Dynamics has a 1 year low of $104.60 and a 1 year high of $155.56.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.33). Steel Dynamics had a net margin of 9.80% and a return on equity of 19.82%. During the same quarter in the prior year, the company posted $2.61 earnings per share.

Institutional Trading of Steel Dynamics

Hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Steel Dynamics in the third quarter valued at $25,000. ORG Wealth Partners LLC bought a new stake in Steel Dynamics in the 4th quarter valued at about $28,000. Private Trust Co. NA raised its stake in 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 buying an additional 245 shares during the period. Brooklyn Investment Group bought a new position in Steel Dynamics in the third quarter worth approximately $61,000. Finally, Quest Partners LLC acquired a new stake in Steel Dynamics in the third quarter valued at approximately $62,000. Institutional investors own 82.41% of the company’s stock.

Insider Transactions at Steel Dynamics

In related news, VP Chad Bickford sold 2,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $134.86, for a total value of $269,720.00. Following the transaction, the vice president now owns 17,100 shares in the company, valued at $2,306,106. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Miguel Alvarez sold 6,650 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $143.00, for a total value of $950,950.00. Following the sale, the senior vice president now owns 116,949 shares of the company’s stock, valued at approximately $16,723,707. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,650 shares of company stock worth $1,498,170. Company insiders own 6.00% of the company’s stock.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, December 31st. Steel Dynamics’s payout ratio is 16.65%.

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.