Steel Dynamics, IncNasdaq: STLD
Materials · Steel
$229.02
+0.16%
Vol: 695K
Research Digest
Friday, May 1, 2026
Steel Dynamics reported record Q1 2026 shipments of 3.6 million tons with net income of $403 million ($2.78 per share), driving stock to all-time high and analyst target raises.
Steel Dynamics posted exceptional Q1 2026 results with net sales of $5.2 billion and net income of $403 million ($2.78 per diluted share), driven by record steel shipments of 3.6 million tons and higher steel prices. YTD stock return stands at 32.82% with market cap of $32.93 billion. KeyBanc raised price target to $241 from $190 and BMO Capital increased target to $240 from $195, both maintaining positive ratings. However, newly acquired aluminum operations reported $65 million operating loss in Q1.
Previous Market Intelligence
13 daysApr 30Steel Dynamics posts record Q1 results with $2.78 EPS and raises dividend 6% on strong metal spreadsPositive▶
Steel Dynamics reported strong Q1 2026 with net sales of $5.2 billion and net income of $403 million or $2.78 per diluted share. Steel operations operating income jumped 73% with record 3.6 million ton shipments. Metal spreads expanded 30% as steel pricing increased more than ferrous scrap costs. The company increased quarterly dividend to $0.53 per share and made non-binding offer for BlueScope Steel. Analysts raised price targets including BMO to $240, Citi to $255, and Wells Fargo to $235.
Apr 29Steel Dynamics Q1 EPS $2.78, analysts raise targets 16% on strong margin expansion and 6% dividend hikePositive▶
Steel Dynamics reported strong Q1 2026 results with net sales of $5.2B and net income of $403M ($2.78 EPS), with operating income up 73% sequentially. The company achieved record shipments and metal spread expansion. Stock surged 17% post-earnings with analysts raising targets to $223. Multiple firms hiked targets: BMO to $240, Citi to $255, Wells Fargo to $235, and BofA to $231. The company also raised quarterly dividend to $0.53 (6% increase). Made non-binding offer to acquire BlueScope Steel.
Apr 16Steel Dynamics issues strong Q1 2026 earnings guidance of $2.73-$2.77 per share (+93.1% YoY); Wells Fargo raises PT to $207Positive▶
Steel Dynamics provided first quarter 2026 earnings guidance in the range of $2.73 to $2.77 per diluted share, representing 93.1% year-over-year growth. Q1 results are scheduled for release April 20, 2026. Wells Fargo raised its price target from $196 to $207 and maintains an Overweight rating. The aluminum flat-rolled business is ramping amid domestic supply deficit and high import tariffs, providing significant volume growth opportunities. The stock has shown strong momentum with 5.75% returns over 7 days, 11.71% over 30 days, and 60.41% over one year. The company is positioned as a leading steel producer and metals recycler benefiting from infrastructure and clean energy demand.
Apr 15Steel Dynamics lowers Q1 2026 EPS guidance to $2.73-2.77 due to lower production and demand; 6% dividend increase announced.Negative▶
Steel Dynamics lowered its Q1 2026 EPS guidance to $2.73-2.77 (vs. consensus $3.22) citing lower-than-expected production and demand. The company declared a first quarter cash dividend of $0.53 per share, a 6% increase. Q1 results will be released after market close on April 20. Steel Dynamics was named to Corporate Knights 2026 Global 100 Most Sustainable Corporations. The company submitted an offer to acquire 100% of BlueScope Steel at A$32.35 per share.
Apr 14Steel Dynamics lowers Q1 2026 EPS guidance to $2.73-$2.77 from consensus $3.22, citing weaker market conditions despite aluminum mill ramp.Negative▶
Steel Dynamics issued reduced Q1 2026 earnings guidance of $2.73-$2.77 per diluted share, down from consensus estimates of $3.22. Management highlighted strong steel and recycling margins, a 35% higher YoY customer backlog, and continued commissioning of Columbus, Mississippi aluminum mill. 6% dividend increase to $0.53. Earnings April 20.
Apr 13Steel Dynamics lowers Q1 2026 EPS guidance to $2.73-$2.77 (vs. $3.22 consensus) citing lower production and demand; earnings release April 20.Negative▶
Steel Dynamics issued reduced Q1 2026 guidance of $2.73-$2.77 per share, down from consensus $3.22 estimate, citing lower-than-expected production and demand. The company raised dividend 6% to $0.53/share. BlueScope takeover bid ($11B equity value) rejected. Wells Fargo raised PT to $210 from $190. Company trades at $191.88.
Apr 10Steel Dynamics Cuts Q1 2026 EPS Guidance Below ConsensusNegative▶
Q1 2026 guidance $2.73-$2.77 per share, below consensus of $3.22. Earnings call April 21.
Apr 9Steel Dynamics Guides Q1 2026 EPS to $2.73-$2.77, Outperforming Despite Recent WeaknessPositive▶
Steel Dynamics provided first quarter 2026 earnings guidance of $2.73 to $2.77 per diluted share, with analysts expecting $2.78 EPS (up 93.1% year-over-year). Despite a 5% decline over the past month, the company benefits from improved steel prices, strong customer demand, and domestic manufacturing onshoring. The board declared a 6% increase in the quarterly cash dividend to $0.53 per share. Analysts consensus is "Strong Buy" with an average price target of $192.80, indicating 7% upside from current levels.
Apr 8Steel Dynamics raised Q1 2026 guidance to $2.73-$2.77 EPS with Wells Fargo increasing PT to $210.Positive▶
STLD raised Q1 EPS guidance to $2.73-$2.77 from Q4 $1.82. Wells Fargo raised PT to $210 with Overweight. Q1 results April 20.
Apr 7Steel Dynamics Q1 2026 Guidance Issued; Wells Fargo Raises TargetPositive▶
Steel Dynamics provided Q1 2026 guidance of $2.73-$2.77 EPS (vs. $3.24 consensus). Wells Fargo raised price target to $210 from $190, maintaining Overweight rating. Completed $55M acquisition of New Process Steel. Named 2026 Global 100 Most Sustainable Company. Aluminum flat-rolled ramp benefits from tariffs.
Apr 6Steel Dynamics provides Q1 2026 guidance; announces 6% dividend increase and sustainability recognition.Positive▶
Steel Dynamics provided Q1 2026 EPS guidance of $2.73-$2.77 with steel/recycling margins expanding and aluminum mill ramp supporting profitability. Announced 6% dividend increase to $0.53/share for Q1, payable April 10, 2026. Named to Corporate Knights 2026 Global 100 Most Sustainable Corporations—steelmaking industry leader, second consecutive year. Wells Fargo raised price target to $210 from $190, maintains Overweight. Moderate Buy consensus, Wall Street average 5 Buy/2 Hold. Stock at $174.10, up 0.79%.
Apr 3Steel Dynamics guides Q1 2026 earnings at $2.73-$2.77 per share, announces 6% dividend increase and director retirements.Positive▶
Steel Dynamics provided Q1 2026 earnings guidance of $2.73-$2.77 per diluted share, up from Q4 2025 EPS of $1.82. The company announced a 6% dividend increase to $0.53 per share. Co-founder Richard P. Teets Jr. retiring from the board effective May 6, 2026. 11 analysts rate Strong Buy with mean target of $192.80.
Apr 2Steel Dynamics raises Q1 2026 guidance to $2.73-$2.77 EPS; increases dividend 6%; board members retirePositive▶
Steel Dynamics provided Q1 2026 earnings guidance $2.73-$2.77 per diluted share, meaningfully higher than Q4 2025 results ($1.82), driven by increased shipments and metal margin expansion across steel and recycling platforms. Company announced 6% dividend increase to $0.53 per share. Board members Richard P. Teets Jr. (co-founder, 35+ years) and Gabriel L. Shaheen retiring effective 2026 Annual Meeting (May 6). Wells Fargo raised price target to $210 from $190; Wall Street consensus Moderate Buy with average fair value $193.46 vs latest close $174.42.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NUENUCOR | $225.81 | +0.23% | +32.8% | 15.1x | 1.75 | $51.3B |
| STLDSTEEL | $229.02 | +0.16% | +29.5% | 13.4x | 1.40 | $33.0B |
| LINLINDE | $508.66 | +1.50% | +0.3% | 25.7x | 0.79 | $232.2B |
| NEMNEWMONT | $108.91 | -1.96% | -1.5% | 9.8x | 0.47 | $118.6B |
| FCXFREEPORT | $56.78 | -1.74% | -5.4% | 15.7x | 1.47 | $82.9B |
| SHWSHERWIN | $317.83 | -1.18% | +1.6% | 24.2x | 1.27 | $79.3B |
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Price above both MAs — bullish structure.