Steel Dynamics (NASDAQ:STLD) Releases Q3 2026 Earnings Guidance

Steel Dynamics (NASDAQ:STLD) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.340-5.380 for the period, compared to the consensus estimate of 5.660. The company issued revenue guidance of -.

Steel Dynamics Price Performance

STLD traded up $7.12 on Thursday, hitting $245.35. 844,674 shares of the company were exchanged, compared to its average volume of 1,225,206. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 3.18. The business’s fifty day moving average is $243.47 and its 200 day moving average is $227.89. Steel Dynamics has a fifty-two week low of $134.87 and a fifty-two week high of $288.74. The firm has a market capitalization of $35.17 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 0.42 and a beta of 1.50.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.06. The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $5.56 billion. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.12%. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same period last year, the firm earned $2.01 EPS. As a group, sell-side analysts anticipate that Steel Dynamics will post 18.58 EPS for the current year.

Steel Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.12 annualized dividend and a yield of 0.9%. Steel Dynamics’s payout ratio is currently 19.22%.

Wall Street Analyst Weigh In

STLD has been the topic of a number of research analyst reports. UBS Group boosted their target price on Steel Dynamics from $165.00 to $276.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. KeyCorp reaffirmed an “overweight” rating on shares of Steel Dynamics in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Steel Dynamics from $260.00 to $273.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Bank of America lowered their price objective on shares of Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Finally, Barclays raised their target price on shares of Steel Dynamics from $270.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.45.

About Steel Dynamics

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. Founded in 1993, the company operates electric arc furnaces that use recycled steel and other metallic inputs to manufacture a broad range of steel products. Its customers include companies in the construction, automotive, manufacturing, transportation, energy and appliance industries.

Steel Dynamics’ steel operations produce flat-rolled steel, structural steel, rail, engineered bar products and other specialty steel products.