Steel Dynamics (NASDAQ:STLD) Releases Q2 2026 Earnings Guidance

Steel Dynamics (NASDAQ:STLD) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.510-3.550 for the period, compared to the consensus estimate of 4.170. The company issued revenue guidance of -.

Steel Dynamics Stock Down 1.5%

Steel Dynamics stock traded down $4.16 during mid-day trading on Wednesday, hitting $270.13. The company’s stock had a trading volume of 1,131,780 shares, compared to its average volume of 1,225,077. The firm’s 50 day moving average is $234.47 and its 200 day moving average is $198.46. The company has a market cap of $39.09 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.13 and a quick ratio of 1.33. Steel Dynamics has a 52-week low of $119.89 and a 52-week high of $288.74.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.01). The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Steel Dynamics had a return on equity of 15.54% and a net margin of 7.22%.The firm’s revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. On average, analysts anticipate that Steel Dynamics will post 15.85 earnings per share for the current year.

Steel Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Steel Dynamics’s dividend payout ratio is currently 22.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on STLD shares. Wall Street Zen raised Steel Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. BMO Capital Markets increased their price objective on Steel Dynamics from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Steel Dynamics in a research report on Tuesday, March 17th. Weiss Ratings raised Steel Dynamics from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, April 29th. Finally, Bank of America lowered Steel Dynamics from a “buy” rating to a “neutral” rating and set a $250.00 target price on the stock. in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Steel Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.64.

Insider Transactions at Steel Dynamics

In other Steel Dynamics news, SVP James Stanley Anderson sold 10,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $268.70, for a total value of $2,687,000.00. Following the transaction, the senior vice president directly owned 102,837 shares of the company’s stock, valued at $27,632,301.90. This represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth W. Cornew sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $224.87, for a total value of $1,124,350.00. Following the completion of the transaction, the director directly owned 31,299 shares in the company, valued at approximately $7,038,206.13. The trade was a 13.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 22,125 shares of company stock valued at $5,438,227. 6.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in STLD. NewEdge Advisors LLC increased its holdings in shares of Steel Dynamics by 307.5% during the 1st quarter. NewEdge Advisors LLC now owns 819 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 618 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Steel Dynamics by 82.7% during the 1st quarter. Acadian Asset Management LLC now owns 3,485 shares of the basic materials company’s stock valued at $435,000 after acquiring an additional 1,578 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Steel Dynamics during the 2nd quarter valued at about $1,019,000. Qube Research & Technologies Ltd acquired a new position in shares of Steel Dynamics during the 2nd quarter valued at about $48,746,000. Finally, Sei Investments Co. increased its holdings in shares of Steel Dynamics by 7.9% during the 2nd quarter. Sei Investments Co. now owns 105,051 shares of the basic materials company’s stock valued at $13,447,000 after acquiring an additional 7,712 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

About Steel Dynamics

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.