Steel Dynamics (NASDAQ:STLD) Releases Q3 2026 Earnings Guidance

Steel Dynamics (NASDAQ:STLD) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 5.340-5.380 for the period, compared to the consensus estimate of 5.660. The company issued revenue guidance of -.

Steel Dynamics Trading Up 3.0%

Shares of STLD traded up $7.12 during mid-day trading on Thursday, reaching $245.35. 844,674 shares of the company were exchanged, compared to its average volume of 1,225,206. The business has a 50 day simple moving average of $243.47 and a two-hundred day simple moving average of $227.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 3.18. The stock has a market capitalization of $35.17 billion, a PE ratio of 22.24, a PEG ratio of 0.42 and a beta of 1.50. Steel Dynamics has a 52 week low of $134.87 and a 52 week high of $288.74.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.06. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.12%. The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter last year, the business earned $2.01 EPS. The company’s revenue was up 33.4% compared to the same quarter last year. On average, analysts predict that Steel Dynamics will post 18.58 earnings per share for the current fiscal year.

Steel Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be given a dividend of $0.53 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. Steel Dynamics’s dividend payout ratio is presently 19.22%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on STLD shares. Weiss Ratings downgraded Steel Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 11th. JPMorgan Chase & Co. boosted their target price on shares of Steel Dynamics from $260.00 to $273.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. Wall Street Zen upgraded shares of Steel Dynamics from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. Wells Fargo & Company dropped their price objective on shares of Steel Dynamics from $275.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, August 24th. Finally, Morgan Stanley reduced their target price on Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Steel Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $258.45.

Steel Dynamics Company Profile

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. Founded in 1993, the company operates electric arc furnaces that use recycled steel and other metallic inputs to manufacture a broad range of steel products. Its customers include companies in the construction, automotive, manufacturing, transportation, energy and appliance industries.

Steel Dynamics’ steel operations produce flat-rolled steel, structural steel, rail, engineered bar products and other specialty steel products.