Steel Dynamics (STLD) Set to Announce Quarterly Earnings on Monday

Steel Dynamics (NASDAQ:STLD) will release 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.

Shares of Steel Dynamics (NASDAQ STLD) opened at $46.42 on Friday. Steel Dynamics has a twelve month low of $32.15 and a twelve month high of $47.85. The firm has a market capitalization of $11,040.00, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.06 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. Investors of record on Sunday, December 31st were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.62 annualized dividend and a yield of 1.34%. Steel Dynamics’s payout ratio is presently 28.57%.

Several research firms recently weighed in on STLD. KeyCorp set a $49.00 price target on Steel Dynamics and gave the company a “buy” rating in a report on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and issued a $53.00 target price on shares of Steel Dynamics in a research note on Thursday, January 11th. Zacks Investment Research upgraded Steel Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Bank of America set a $51.00 target price on Steel Dynamics and gave the stock a “buy” rating in a research note on Monday, January 8th. Finally, BidaskClub upgraded Steel Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Five research analysts have rated the stock with a hold rating, twelve have given 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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