Schnitzer Steel Industries (NASDAQ:SCHN) released its quarterly earnings data on Tuesday. The basic materials company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.52, MarketWatch Earnings reports. Schnitzer Steel Industries had a net margin of 0.94% and a return on equity of 4.83%. During the same period last year, the company earned $0.31 EPS.
Shares of SCHN stock traded down $1.60 during trading hours on Thursday, hitting $40.15. The company had a trading volume of 1,593 shares, compared to its average volume of 323,214. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.88 and a quick ratio of 1.01. The stock has a market capitalization of $1.09 billion, a PE ratio of 69.58 and a beta of 1.37. The company’s fifty day moving average is $39.96 and its 200 day moving average is $30.13. Schnitzer Steel Industries has a fifty-two week low of $12.93 and a fifty-two week high of $46.86.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Monday, April 19th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, April 16th. Schnitzer Steel Industries’s dividend payout ratio (DPR) is presently 174.42%.
Several equities research analysts have weighed in on the company. TheStreet raised Schnitzer Steel Industries from a “c+” rating to a “b” rating in a research report on Thursday, January 7th. KeyCorp upped their price target on Schnitzer Steel Industries from $28.00 to $35.00 and gave the stock an “overweight” rating in a 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 $45.00 target price for the company in a research note on Tuesday, March 9th.
Schnitzer Steel Industries Company Profile
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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