Steel Dynamics Provides Q1 Earnings Guidance, Sees Q1 EPS Of $3.51-$3.55 Per Share Vs. $3.35 Estimate; Increased Q1 Cash Dividend By 8% To $0.46 Per Share
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics forecasts Q1 earnings per share (EPS) of $3.51-$3.55, surpassing the $3.35 estimate. Additionally, the company announced an 8% increase in its Q1 cash dividend to $0.46 per share.
March 15, 2024 | 11:55 am
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Steel Dynamics forecasts a higher-than-expected Q1 EPS and increases its quarterly dividend by 8%.
The positive earnings guidance exceeding analyst estimates typically leads to a positive investor sentiment, potentially driving the stock price up in the short term. The increase in dividend payout further enhances shareholder value, making the stock more attractive to dividend investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100