Steel Dynamics, Inc. (NASDAQ:STLD), a Fort Wayne, Indiana-based steel producer and metal recycler, reported fiscal fourth quarter earnings on Monday afternoon.
STLD Earnings
STLD stock analysts — there are 12 covering the company — were looking for earnings per share of 7 cents in Q4 2015, down 80% from the 36 cents per share it earned in Q4 2014. Wall Street expected revenue to fall 32.6% to $1.7 billion in Q4 2015, down from $2.52 billion in the year-ago period.
Here are the actual numbers STLD reported Monday afternoon:
- Steel Dynamics, Inc. saw revenue clock in at $1.59 billion, missing the $1.7 billion consensus.
- STLD reported adjusted earnings per share of 9 cents, beating the 7-cent consensus.
More About Steel Dynamics, Inc.
As of its close on Monday, January 25, its market cap was $3.86 billion. Over the last three months, an average of 3.036 million shares of STLD stock traded hands each day. It pays a 3.4% dividend, and STLD stock is down 6.3% in the last year, beating the -8.5% return of the S&P 500 by 2.2 percentage points.
Going into today’s earnings report, Navellier Ratings, Powered by Portfolio Grader, had the following ratings for STLD stock:
Rating: Hold
Total Grade: C
Fundamental Grade: C
Quantitative Grade: B
Earnings Growth: D
Sales Growth: F
We’ll have to wait and see how investors takes the most recent Steel Dynamics earnings report, but in early premarket trading on Tuesday, STLD stock was up more than 2%.
At the time this story was written, Robert Martin had no position in any of the stocks mentioned.
