Citi Comments On STLD 1Q EPS Guidance

Steel Dynamics Inc. STLD set a 1Q EPS guidance of $0.37-$0.42, indicating a significant sequential improvement, Citi reports.

“In addition, the company boosted its quarterly dividend by 33% and reported improving volumes and profitability across all segments,” Citi writes.

“Based on company guidance, increased industry utilization rates and higher spot metal margins we are raising our '11 estimate to $1.79 from $1.75.”

Steel Dynamics closed Thursday at $17.85.