Steel Dynamics, Inc. to Issue Quarterly Dividend of $0.16 (STLD)
Steel Dynamics, Inc. (NASDAQ:STLD) declared a quarterly dividend on Tuesday, November 21st, RTT News reports. Shareholders of record on Sunday, December 31st will be given a dividend of 0.155 per share by the basic materials company on Wednesday, January 10th. This represents a $0.62 dividend on an annualized basis and a yield of 1.65%.
Steel Dynamics (STLD) opened at $37.50 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 3.35 and a debt-to-equity ratio of 0.80. The company has a market cap of $8,845.41, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.40. Steel Dynamics has a one year low of $32.15 and a one year high of $40.17.
Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. Steel Dynamics had a net margin of 5.79% and a return on equity of 21.45%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the business posted $0.64 earnings per share. Steel Dynamics’s quarterly revenue was up 16.3% on a year-over-year basis. equities research analysts anticipate that Steel Dynamics will post 2.67 EPS for the current year.
STLD has been the topic of a number of recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $43.00 price target on shares of Steel Dynamics in a research note on Friday, October 6th. Citigroup Inc. decreased their price objective on shares of Steel Dynamics from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, September 15th. Morgan Stanley set a $36.00 price objective on shares of Steel Dynamics and gave the stock a “hold” rating in a report on Tuesday, October 24th. KeyCorp raised shares of Steel Dynamics from a “sector weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a report on Friday, October 20th. Finally, Longbow Research downgraded shares of Steel Dynamics from a “buy” rating to a “neutral” rating in a report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.70.
Steel Dynamics Company Profile
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.
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