Schnitzer Steel Industries (NASDAQ:SCHN) released its quarterly earnings data on Wednesday. The basic materials company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.18, MarketWatch Earnings reports. Schnitzer Steel Industries had a return on equity of 2.52% and a net margin of 0.19%. During the same period in the prior year, the company earned ($0.17) EPS.
Shares of SCHN traded down $1.87 during mid-day trading on Friday, reaching $37.34. The company had a trading volume of 12,649 shares, compared to its average volume of 407,391. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.98 and a current ratio of 3.95. The firm has a 50-day moving average price of $28.91 and a 200 day moving average price of $21.86. Schnitzer Steel Industries has a 52 week low of $10.09 and a 52 week high of $42.19. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 331.85 and a beta of 1.42.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Monday, January 18th will be given a $0.1875 dividend. The ex-dividend date is Thursday, January 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.01%. Schnitzer Steel Industries’s dividend payout ratio is currently 34.72%.
In other Schnitzer Steel Industries news, CFO Stefano R. Gaggini sold 3,975 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $21.40, for a total transaction of $85,065.00. Following the completion of the sale, the chief financial officer now directly owns 50,270 shares in the company, valued at approximately $1,075,778. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John D. Carter sold 4,416 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $22.24, for a total transaction of $98,211.84. Following the sale, the director now owns 90,474 shares of the company’s stock, valued at $2,012,141.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,440 shares of company stock worth $378,011. Insiders own 5.00% of the company’s stock.
Several analysts recently issued reports on SCHN shares. BidaskClub raised Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a research note on Thursday, October 8th. KeyCorp lifted their price objective on Schnitzer Steel Industries from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, December 22nd. Finally, Zacks Investment Research raised Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research report on Friday, November 27th.
About Schnitzer Steel Industries
Schnitzer Steel Industries, Inc recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates in two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.
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