Steel Dynamics (NASDAQ:STLD) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Steel Dynamics (NASDAQ:STLD) released its earnings results on Wednesday. The basic materials company reported $2.78 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.01), Zacks reports. Steel Dynamics had a net margin of 7.22% and a return on equity of 15.54%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis.

Steel Dynamics Stock Down 1.1%

Shares of NASDAQ:STLD opened at $225.05 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 3.13. The company has a market cap of $32.57 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 0.58 and a beta of 1.39. Steel Dynamics has a 52 week low of $119.89 and a 52 week high of $229.00. The firm has a 50 day simple moving average of $187.15 and a 200 day simple moving average of $173.92.

Steel Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a $0.53 dividend. This is a boost from Steel Dynamics’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, March 31st. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. Steel Dynamics’s payout ratio is currently 22.67%.

Institutional Investors Weigh In On Steel Dynamics

Several hedge funds have recently made changes to their positions in the company. Jacobi Capital Management LLC lifted its position in shares of Steel Dynamics by 1.6% in the 4th quarter. Jacobi Capital Management LLC now owns 3,533 shares of the basic materials company’s stock valued at $599,000 after acquiring an additional 55 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in shares of Steel Dynamics by 1.1% in the 4th quarter. Hohimer Wealth Management LLC now owns 5,708 shares of the basic materials company’s stock valued at $967,000 after acquiring an additional 61 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Steel Dynamics by 4.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 70 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Steel Dynamics by 2.4% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 3,468 shares of the basic materials company’s stock valued at $484,000 after acquiring an additional 80 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its position in shares of Steel Dynamics by 5.0% in the 4th quarter. Meeder Advisory Services Inc. now owns 2,087 shares of the basic materials company’s stock valued at $354,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Wall Street Analysts Forecast Growth

STLD has been the subject of several recent research reports. Wall Street Zen raised shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Morgan Stanley reissued an “underperform” rating and set a $190.00 target price on shares of Steel Dynamics in a research note on Tuesday, March 17th. KeyCorp increased their target price on shares of Steel Dynamics from $190.00 to $241.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Steel Dynamics in a research note on Monday, December 29th. Finally, Citigroup increased their target price on shares of Steel Dynamics from $180.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $210.33.

Steel Dynamics News Roundup

Here are the key news stories impacting Steel Dynamics this week:

• Positive Sentiment: Q1 operational strength — management reported record steel shipments, rising Q1 profit and a positive outlook that helped the name hit all-time highs. Steel Dynamics surges to all-time high
• Positive Sentiment: Multiple analyst upgrades/price-target raises — Citi, BMO, KeyCorp, Wells Fargo and others raised targets and reiterated buy/overweight ratings, providing fresh buy-side momentum. Analyst price target coverage (Benzinga)
• Positive Sentiment: Strong quantitative score — the stock was noted as joining an elite group with a 95-plus composite rating, which can attract momentum and quant funds. Composite rating article
• Neutral Sentiment: Context on tariffs and sector divergence — domestic tariffs lifted demand industrywide, but peers showed varied earnings outcomes, underscoring company-specific drivers matter. Tariffs and earnings comparison
• Neutral Sentiment: Analyst disagreement/coverage notes — some outlets highlight mixed analyst views on materials names including STLD, so differing price targets reflect forecast variability. Analysts conflicted (Globe & Mail)
• Neutral Sentiment: Earnings-call transparency — the full Q1 transcript provides nuance (record shipments but some aluminum-related drag and other details investors are parsing). Q1 earnings call transcript
• Negative Sentiment: Small execution/earnings miss — revenue came in below consensus and EPS missed by a cent, plus management flagged aluminum drag; these factors likely pressured the stock despite upgrades. Q1 highlights / earnings write-up

About Steel Dynamics

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.