Schnitzer Steel Industries (NASDAQ:SCHN) issued its earnings results on Tuesday. The basic materials company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.99 by $0.52, MarketWatch Earnings reports. Schnitzer Steel Industries had a return on equity of 4.83% and a net margin of 0.94%. During the same period in the previous year, the company earned $0.31 earnings per share.
Shares of SCHN stock traded down $2.55 on Thursday, hitting $39.20. The company’s stock had a trading volume of 8,222 shares, compared to its average volume of 323,214. The stock’s 50 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 company has a debt-to-equity ratio of 0.21, a quick ratio of 1.01 and a current ratio of 1.88. The company has a market capitalization of $1.06 billion, a PE ratio of 65.38 and a beta of 1.37.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Monday, April 19th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, April 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.91%. Schnitzer Steel Industries’s dividend payout ratio (DPR) is 174.42%.
A number of research firms have recently commented on SCHN. KeyCorp raised their price objective on shares of Schnitzer Steel Industries from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, December 22nd. Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, March 9th. Finally, TheStreet upgraded Schnitzer Steel Industries from a “c+” rating to a “b” rating in a report on Thursday, January 7th.
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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