Steel Dynamics (NASDAQ:STLD) Releases Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Steel Dynamics (NASDAQ:STLD) issued its quarterly earnings results on Monday. The basic materials company reported $5.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.48 by ($0.22), Zacks reports. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.12%. The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the business posted $2.74 EPS. The company’s revenue for the quarter was up 34.8% on a year-over-year basis.

Steel Dynamics Stock Up 1.9%

Shares of STLD opened at $245.17 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 3.18. Steel Dynamics has a 52 week low of $144.78 and a 52 week high of $288.74. The stock has a market capitalization of $35.14 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 0.34 and a beta of 1.48. The stock has a fifty day moving average of $238.51 and a 200-day moving average of $237.10.

Steel Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, September 30th. Steel Dynamics’s dividend payout ratio is presently 19.22%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group raised their price objective on Steel Dynamics from $165.00 to $276.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. lowered their target price on Steel Dynamics from $272.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. Morgan Stanley lowered their target price on Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $299.00 target price on shares of Steel Dynamics in a report on Tuesday. Finally, KeyCorp restated an “overweight” rating on shares of Steel Dynamics in a research note on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.55.

More Steel Dynamics News

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

• Positive Sentiment: Steel Dynamics reported record steel shipments of 3.8 million tons, third-quarter net sales of approximately $6.5 billion, operating income of $1.0 billion, and net income of $756 million, up from $403.7 million a year earlier. Revenue increased 34.8% year over year. Steel Dynamics Reports Third Quarter 2026 Results
• Positive Sentiment: Steel operations benefited from higher realized selling prices, lower scrap costs, and wider metal spreads. Adjusted EBITDA reached $1.2 billion, operating cash flow was $846 million, and liquidity stood at $2.4 billion. The company also repurchased $276 million of stock during the quarter. Steel Dynamics Reports Higher Profit on Improved Pricing, Lower Imports
• Neutral Sentiment: Steel Dynamics announced leadership promotions intended to support long-term growth and operational excellence. The changes may strengthen execution but do not immediately alter earnings expectations. Steel Dynamics Announces Leadership Promotions
• Negative Sentiment: Adjusted diluted EPS was $5.26, below the consensus estimate of roughly $5.42–$5.48 and below the company’s prior guidance range of $5.34–$5.38. The miss likely outweighed the strong revenue and shipment figures for investors. Steel Dynamics Q3 Earnings Miss Estimates
• Negative Sentiment: Metals recycling operating income declined sequentially, while aluminum volumes were below internal expectations because of yield and quality issues during faster production. These factors contributed to the earnings shortfall. Steel Dynamics Falls After Q3 EPS Miss Despite Record Shipments
• Negative Sentiment: JPMorgan reportedly reduced its Steel Dynamics price target to $260, while recent insider activity showed selling without reported purchases. These signals may add to near-term investor caution. JPMorgan Cuts Target for Steel Dynamics Stock

Steel Dynamics Company Profile

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. The company manufactures steel products using electric arc furnace technology and serves customers across industries such as construction, automotive, manufacturing, and energy.

Its operations include the production of flat rolled steel, long steel products, structural steel, rail, and specialty products. Steel Dynamics also provides steel processing and fabrication services, including the manufacture of steel joists, deck systems, and other components used in commercial and industrial construction.

The company operates metals recycling facilities that collect, process, and supply ferrous and nonferrous scrap to support its steelmaking operations.