Steel Dynamics stock slips as July 21 beat stays in focus
Published on 09/09/2026 at 12:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Steel Dynamics stock (US8581191009) traded at USD 240.31 on September 8, 2026, down 0.72 percent, after the company reported July 21 quarterly revenue of USD 6.09 billion and EPS of USD 3.69.
July 21 results set the tone
According to MarketBeat, Steel Dynamics, Inc. posted USD 6.09 billion in revenue for the quarter ended July 21, 2026, above the USD 5.56 billion consensus estimate. The same report said EPS came in at USD 3.69, or USD 0.06 above expectations.
The report also put net margin at 7.83 percent and return on equity at 18.12 percent. Revenue rose 33.4 percent year over year, versus USD 2.01 EPS in the same quarter of the prior year.
Analysts still see upside
According to MarketBeat, eight analysts rate Steel Dynamics stock Buy and four rate it Hold, with a consensus rating of Moderate Buy and a consensus target price of USD 257.27. UBS Group also lifted its price objective from USD 165.00 to USD 276.00, while Morgan Stanley cut its target from USD 270.00 to USD 260.00.
For investors, that leaves the stock between the July 21 earnings beat and a target band that still sits above the latest close.
Price and range
Steel Dynamics stock ended September 8, 2026, at USD 240.31 on Nasdaq. The shares moved between USD 232.81 and USD 240.31 in the session and carried a market capitalization of about USD 34.7 billion.
Steel Dynamics stock at a glance
- Company: Steel Dynamics, Inc.
- ISIN: US8581191009
- Ticker: STLD
- Trading venue: Nasdaq
- Price (as of September 8, 2026): USD 240.31
- Market capitalization: USD 34.7 billion (as of September 8, 2026)
- Sector / Industry: Materials / Steel
- Index membership: S&P 500
