What is KeyCorp’s Forecast for Steel Dynamics Q4 Earnings?

Steel Dynamics, Inc. (NASDAQ:STLD) – KeyCorp issued their Q4 2026 earnings per share estimates for Steel Dynamics in a report issued on Thursday, October 22nd. KeyCorp analyst S. Mckinney forecasts that the basic materials company will post earnings of $5.99 per share for the quarter. KeyCorp currently has an “Overweight” rating and a $265.00 price target on the stock. The consensus estimate for Steel Dynamics’ current full-year earnings is $18.13 per share. KeyCorp also issued estimates for Steel Dynamics’ FY2027 earnings at $23.10 EPS.

Several other brokerages have also recently commented on STLD. JPMorgan Chase & Co. reduced their price objective on shares of Steel Dynamics from $272.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. UBS Group upped their target price on shares of Steel Dynamics from $165.00 to $276.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Barclays set a $280.00 target price on shares of Steel Dynamics in a report on Friday. Weiss Ratings downgraded shares of Steel Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, October 13th. Finally, Morgan Stanley reduced their price target on shares of Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Steel Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $259.64.

Steel Dynamics Price Performance

Shares of NASDAQ STLD opened at $237.55 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 3.14. Steel Dynamics has a one year low of $150.03 and a one year high of $288.74. The firm has a market capitalization of $34.05 billion, a P/E ratio of 17.53, a PEG ratio of 0.35 and a beta of 1.48. The company’s fifty day moving average is $237.04 and its two-hundred day moving average is $221.66.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings data on Monday, October 19th. The basic materials company reported $5.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.48 by ($0.22). Steel Dynamics had a return on equity of 21.57% and a net margin of 8.82%. The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the previous year, the company posted $2.74 EPS. The company’s revenue was up 34.8% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Steel Dynamics during the 2nd quarter worth approximately $2,844,501,000. Bank of America Corp DE grew its holdings in Steel Dynamics by 19.1% during the 1st quarter. Bank of America Corp DE now owns 1,340,234 shares of the basic materials company’s stock valued at $241,242,000 after buying an additional 215,029 shares during the last quarter. Hsbc Holdings PLC increased its position in Steel Dynamics by 92.4% during the fourth quarter. Hsbc Holdings PLC now owns 1,030,448 shares of the basic materials company’s stock worth $174,609,000 after buying an additional 494,828 shares in the last quarter. Bank of New York Mellon Corp increased its position in Steel Dynamics by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 938,585 shares of the basic materials company’s stock worth $168,945,000 after buying an additional 33,434 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Steel Dynamics during the second quarter worth $126,579,000. 82.41% of the stock is owned by hedge funds and other institutional investors.

Steel Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th were given a $0.53 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. Steel Dynamics’s dividend payout ratio is currently 15.65%.

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.