Steel Dynamics, Inc. (NASDAQ:STLD) is reporting second quarter financial results on Monday 20th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, STLD is expected to report 2Q20 income of $ 0.32 per share from revenue of $ 2056.93 million.
For the full year, analysts anticipate top line of $ 8947.26 million, while looking forward to income of $ 1.81 per share bottom line.
Previous Quarter Performance
Steel Dynamics, Inc. announced income for the first quarter of $ 0.88 per share, from the revenue of $ 2,575.00 million. The quarterly earnings contracted 3.30 percent while revenues dropped 8.60 percent compared with the same quarter last year.
Wall street analysts are predicting, STLD to report 1Q20 income of $ 0.79 per share from revenue of $ 2561.72 million. The bottom line results beat street analysts by $ 0.09 or 11.39 percent, at the same time, top line results outshined analysts by $ 13.28 million or 0.52 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of STLD was $ 26.81, representing a 78.97 % increase from the 52 week low of $ 14.98 and a 25.07 % decrease over the 52 week high of $ 35.78.
The company has a market capital of $ 5.64 billion and is part of the Basic Materials sector and Steel industry.
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Recent Analyst recommendations
On 22nd June 2020, maintained by Credit Suisse Group at Neutral rating, with $ 25.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on May 22, 2020. The dividend were payable on July 10, 2020 to holders of record as of the close of business on June 30, 2020 and ex-dividend date on June 29, 2020.
Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.
