Steel Dynamics (NASDAQ:STLD) Issues Q2 2026 Earnings Guidance

Steel Dynamics (NASDAQ:STLD) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.510-3.550 for the period, compared to the consensus EPS estimate of 4.170. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their price objective on Steel Dynamics from $180.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. increased their target price on Steel Dynamics from $192.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. KeyCorp lifted their price target on Steel Dynamics from $190.00 to $241.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Morgan Stanley restated an “underperform” rating and issued a $190.00 price target on shares of Steel Dynamics in a research note on Tuesday, March 17th. Finally, Weiss Ratings raised Steel Dynamics from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Steel Dynamics has a consensus rating of “Moderate Buy” and an average target price of $227.18.

Steel Dynamics Stock Performance

Shares of NASDAQ:STLD opened at $249.91 on Friday. The company’s 50 day moving average price is $237.79 and its two-hundred day moving average price is $199.76. Steel Dynamics has a 12-month low of $119.89 and a 12-month high of $288.74. The firm has a market cap of $36.17 billion, a PE ratio of 26.73, a PEG ratio of 0.54 and a beta of 1.50. The company has a quick ratio of 1.33, a current ratio of 3.13 and a debt-to-equity ratio of 0.46.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.01). The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.39 billion. Steel Dynamics had a net margin of 7.22% and a return on equity of 15.54%. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. Equities research analysts predict that Steel Dynamics will post 15.85 earnings per share for the current year.

Steel Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, June 30th. Steel Dynamics’s dividend payout ratio (DPR) is 22.67%.

Insider Buying and Selling

In other Steel Dynamics news, Director Kenneth W. Cornew sold 5,000 shares of Steel Dynamics stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $224.87, for a total value of $1,124,350.00. Following the completion of the transaction, the director directly owned 31,299 shares of the company’s stock, valued at $7,038,206.13. The trade was a 13.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Miguel Alvarez sold 4,825 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $225.58, for a total value of $1,088,423.50. Following the sale, the senior vice president owned 122,257 shares of the company’s stock, valued at approximately $27,578,734.06. The trade was a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 22,125 shares of company stock valued at $5,438,226 over the last 90 days. 6.60% of the stock is currently owned by insiders.

Steel Dynamics News Summary

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

• Positive Sentiment: Steel Dynamics said strong steel demand is supporting business momentum, and recent commentary highlighted record shipments, which points to solid operating activity. Steel Dynamics Draws Attention With Record Shipments
• Neutral Sentiment: Bank of America trimmed its price target on Steel Dynamics to $280 from $285 while keeping a neutral rating, suggesting a more cautious but not bearish view.
• Negative Sentiment: The company issued Q2 2026 EPS guidance of $3.51 to $3.55, below the consensus estimate of about $4.17, disappointing investors and pressuring the stock. Steel Dynamics Provides Second Quarter 2026 Earnings Guidance
• Negative Sentiment: The guidance also included an expected $16 million hit from asset write-downs, adding another near-term earnings headwind. Steel Dynamics expects $16 million hit from asset write-downs; shares fall
• Negative Sentiment: Market reaction has been negative, with shares moving lower after the guidance release and amid a broader session where the stock lagged the wider market. Steel Dynamics (STLD) Stock Sinks As Market Gains: What You Should Know

Institutional Investors Weigh In On Steel Dynamics

A number of large investors have recently bought and sold shares of STLD. Prosperity Bancshares Inc acquired a new position in shares of Steel Dynamics in the 4th quarter valued at approximately $25,000. DV Equities LLC acquired a new stake in shares of Steel Dynamics during the 4th quarter worth approximately $33,000. Strive Financial Group LLC bought a new position in Steel Dynamics in the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC bought a new stake in Steel Dynamics during the third quarter worth $46,000. Finally, MUFG Securities EMEA plc bought a new stake in Steel Dynamics during the second quarter worth $52,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

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.