Steel Dynamics (NASDAQ:STLD) announced a quarterly dividend on Monday, March 4th. Stockholders of record on Sunday, March 31st will be paid a dividend of $0.11 per share on Friday, April 12th. This represents a $0.44 annualized dividend and a dividend yield of 2.96%.
Several analysts have also recently commented on the stock. Analysts at KeyBanc upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 14th. Finally, analysts at Bank of America raised their price target on shares of Steel Dynamics to $14.00 in a research note to investors on Tuesday, December 18th.
Nine equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, nine have given a hold rating, and one has assigned an underweight rating to the stock. The stock currently has a consensus rating of “overweight” and an average target price of $16.90.
Shares of Steel Dynamics (STLD) opened at 14.81 on Monday. Steel Dynamics (STLD) has a 52 week low of $10.11 and a 52 week high of $16.16. The stock’s 50-day moving average is currently $15.29. The company has a market cap of $3.248 billion and a P/E ratio of 20.34.
Steel Dynamics last issued its quarterly earnings data on Monday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.13. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, analysts predict that Steel Dynamics (STLD) will post $1.15 earnings per share for the current fiscal year.
Steel Dynamics, Inc. is a steel producer and metals recycler in the United States. The primary sources of the Company’s revenues are from the manufacture and sale of steel products; processing and sale of recycled ferrous and nonferrous metals, and to a lesser degree, fabrication and sale of steel joist and decking products.
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