Tue Sep 17 05:49:47 UTC 2024: ## Steel Dynamics (STLD) Sees Q2 2025 EPS Estimate Lowered by Seaport Res Ptn

**MarketBeat News** – Seaport Res Ptn has revised its earnings per share (EPS) estimate for Steel Dynamics, Inc. (STLD) for the second quarter of 2025. Analyst M. Englert now anticipates the basic materials company to report earnings of $3.30 per share, a decrease from the previous estimate of $3.40.

The current consensus estimate for Steel Dynamics’ full-year earnings remains at $10.81 per share. Seaport Res Ptn also provided estimates for the third and fourth quarters of 2025, forecasting earnings of $3.00 and $2.81 per share respectively.

**Mixed Analyst Sentiment**

While Seaport Res Ptn lowered its estimate, other analysts have expressed a more positive outlook. JPMorgan Chase & Co. upgraded STLD from “underweight” to “neutral” and raised its price target to $131.00. UBS Group also upgraded the stock to “buy” with a price target of $145.00. However, BMO Capital Markets and Bank of America both lowered their price targets on the stock.

Overall, six analysts currently rate the stock as “hold” and two rate it as “buy.” MarketBeat’s consensus rating for STLD is “Hold” with a target price of $143.43.

**Strong Recent Earnings, But Revenue Down Year-Over-Year**

Steel Dynamics reported earnings per share of $2.72 for the second quarter of 2024, exceeding the consensus estimate of $2.67. The company’s revenue for the quarter was $4.63 billion, slightly above analyst expectations of $4.43 billion. However, revenue was down 8.8% year-over-year.

**Institutional Investor Activity**

Several large investors have made significant changes to their holdings in STLD. Sanctuary Advisors LLC, New Century Financial Group LLC, and Ariadne Wealth Management LP all purchased new positions in the company during the second quarter. Truist Financial Corp and Creative Planning both increased their holdings in STLD.

**Dividend Announcement**

Steel Dynamics has declared a quarterly dividend of $0.46 per share, payable on October 11th to shareholders of record as of September 30th. This represents an annualized dividend of $1.84 and a yield of 1.66%.

**Disclaimer:** This news article is based on publicly available information and should not be considered financial advice. Always consult with a qualified professional before making investment decisions.

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