In today’s recent session, 0.52 million shares of the Steel Dynamics Inc. (NASDAQ:STLD) have been traded, and its beta is 1.47. Most recently the company’s share price was $134.63, and it changed around $0.47 or 0.35% from the last close, which brings the market valuation of the company to $21.29B. STLD at last check was trading at a discount to its 52-week high of $151.34, offering almost -12.41% off that amount. The share price’s 52-week low was $90.55, which indicates that the recent value has risen by an impressive 32.74% since then. We note from Steel Dynamics Inc.’s average daily trading volume that its 3-month average coming to 1.16 million.
Steel Dynamics Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 3.15. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended STLD as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Steel Dynamics Inc. is expected to report earnings per share of $3.09 for the current quarter.
Steel Dynamics Inc. (NASDAQ:STLD) trade information
Instantly STLD has been showing a green trend so far today with a performance of 0.35% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 14.00% year-to-date, but still down -3.10% over the last five days. On the other hand, Steel Dynamics Inc. (NASDAQ:STLD) is -6.60% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $117, which translates to bulls needing to decrease their stock price by -15.07% from its current value. Analyst projections state that STLD is forecast to be at a low of $114 and a high of $120.
Steel Dynamics Inc. (STLD) estimates and forecasts
Steel Dynamics Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 36.33 percent over the past six months and at a -21.14% annual growth rate that is well below the industry average of -12.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -35.80% in revenue this quarter, and will report a decrease of -22.50% in the next quarter. The year-over-year growth rate is expected to be -2.70%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $4.68 billion in revenue for the current quarter. 7 analysts expect Steel Dynamics Inc. to make $4.6 billion in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $5.08 billion and $4.59 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -7.90%. Forecasts for the next quarter put sales growth at 0.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.30%. Steel Dynamics Inc. earnings are expected to increase by -22.99% in 2024, but the outlook is positive 28.06% per year for the next five years.
STLD Dividends
Steel Dynamics Inc.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.29 percent and its annual dividend per share was 1.74. It is important to note, however, that the 1.29% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
