Steel Dynamics (NASDAQ:STLD – Get Free Report) announced its quarterly earnings results on Tuesday. The basic materials company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.54 by $0.13, Briefing.com reports. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.74 billion. Steel Dynamics had a net margin of 13.04% and a return on equity of 29.49%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.01 EPS.
Steel Dynamics Stock Performance
Shares of STLD traded up $0.58 during midday trading on Wednesday, hitting $134.74. 526,987 shares of the stock traded hands, compared to its average volume of 1,172,840. Steel Dynamics has a 1-year low of $90.55 and a 1-year high of $151.34. The firm has a market capitalization of $21.28 billion, a PE ratio of 9.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.91. The business’s 50 day moving average price is $136.80 and its two-hundred day moving average price is $121.97.
Steel Dynamics Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Sunday, April 14th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.46 per share. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, March 27th. This represents a $1.84 annualized dividend and a dividend yield of 1.37%. Steel Dynamics’s payout ratio is 12.61%.
Analysts Set New Price Targets
Check Out Our Latest Research Report on STLD
Steel Dynamics Company Profile
Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.
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