Steel Dynamics (NASDAQ:STLD) announced a quarterly dividend on Tuesday, December 17th, Analyst Ratings Network reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.11 per share on Friday, January 10th. This represents a $0.44 annualized dividend and a dividend yield of 2.32%.
STLD has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Steel Dynamics from $18.00 to $20.00 in a research note to investors on Wednesday, December 4th. On a related note, analysts at Goldman Sachs Group Inc. upgraded shares of Steel Dynamics from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 4th. They now have a $22.00 price target on the stock, up previously from $18.44. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Steel Dynamics in a research note to investors on Tuesday, October 22nd. They now have a $20.00 price target on the stock, up previously from $17.00. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $18.62.
Shares of Steel Dynamics (NASDAQ:STLD) traded down 0.11% during mid-day trading on Tuesday, hitting $18.94. 1,173,260 shares of the company’s stock traded hands. Steel Dynamics has a 52-week low of $13.07 and a 52-week high of $19.39. The stock has a 50-day moving average of $18.64 and a 200-day moving average of $16.61. The company has a market cap of $4.204 billion and a price-to-earnings ratio of 22.05.
Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.25. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts predict that Steel Dynamics will post $0.85 earnings per share for the current fiscal year.
Steel Dynamics, Inc is a steel producer and metals recycler in the United States. The Company operates in three segments: steel operations, metals recycling and ferrous resources operations, and steel fabrication operations.
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