Steel Dynamics, Inc. (NASDAQ:STLD) declared a quarterly dividend on Tuesday, November 21st, RTT News reports. Investors of record on Sunday, December 31st will be paid a dividend of 0.155 per share by the basic materials company on Wednesday, January 10th. This represents a $0.62 annualized dividend and a dividend yield of 1.65%.
Shares of Steel Dynamics (NASDAQ:STLD) traded up $0.17 during trading on Tuesday, hitting $37.50. The company had a trading volume of 858,612 shares, compared to its average volume of 2,450,000. The company has a current ratio of 3.35, a quick ratio of 1.95 and a debt-to-equity ratio of 0.80. Steel Dynamics has a 1 year low of $32.15 and a 1 year high of $40.17. The stock has a market cap of $8,890.00, a price-to-earnings ratio of 14.51, a PEG ratio of 1.15 and a beta of 1.40.
Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm posted $0.64 EPS. Steel Dynamics’s revenue was up 16.3% compared to the same quarter last year. sell-side analysts anticipate that Steel Dynamics will post 2.67 earnings per share for the current fiscal year.
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STLD has been the topic of several research analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Steel Dynamics in a report on Friday, October 6th. Citigroup Inc. lowered their price objective on 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 Steel Dynamics and gave the stock a “hold” rating in a report on Tuesday, October 24th. KeyCorp upgraded 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 cut Steel Dynamics from a “buy” rating to a “neutral” rating in a report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Steel Dynamics currently has a consensus rating of “Buy” and an average price target of $41.70.
About Steel Dynamics
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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