Steel Dynamics (NASDAQ:STLD – Get Free Report) announced its earnings results on Wednesday. The basic materials company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.07, Briefing.com reports. The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Steel Dynamics had a return on equity of 22.89% and a net margin of 11.10%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.47 EPS.
Steel Dynamics Stock Up 1.5 %
Shares of NASDAQ STLD traded up $2.04 during midday trading on Friday, reaching $137.09. The company’s stock had a trading volume of 675,747 shares, compared to its average volume of 1,263,142. The company has a current ratio of 2.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25. Steel Dynamics has a fifty-two week low of $98.25 and a fifty-two week high of $151.34. The stock has a market capitalization of $21.15 billion, a price-to-earnings ratio of 10.96 and a beta of 1.31. The stock has a 50 day simple moving average of $120.44 and a 200-day simple moving average of $127.60.
Steel Dynamics Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, September 30th. This represents a $1.84 annualized dividend and a yield of 1.34%. Steel Dynamics’s dividend payout ratio (DPR) is currently 14.76%.
Analyst Upgrades and Downgrades
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About Steel Dynamics
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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