Schnitzer Steel Industries (NASDAQ:SCHN) posted its quarterly earnings data on Tuesday. The basic materials company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.08, Bloomberg Earnings reports. Schnitzer Steel Industries had a net margin of 5.25% and a return on equity of 17.68%. The business had revenue of $652.00 million for the quarter, compared to analyst estimates of $651.09 million. During the same quarter last year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 36.7% on a year-over-year basis.
Schnitzer Steel Industries stock opened at $33.85 on Thursday. Schnitzer Steel Industries has a 1 year low of $23.00 and a 1 year high of $38.85. The company has a current ratio of 2.42, a quick ratio of 1.25 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $912.12 million, a price-to-earnings ratio of 22.12 and a beta of 1.46.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 29th. Shareholders of record on Monday, May 14th were given a $0.1875 dividend. The ex-dividend date was Friday, May 11th. This represents a $0.75 annualized dividend and a yield of 2.22%. Schnitzer Steel Industries’s dividend payout ratio (DPR) is 49.02%.
A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Thursday, April 5th. ValuEngine lowered shares of Schnitzer Steel Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 28th. BidaskClub upgraded shares of Schnitzer Steel Industries from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Finally, Goldman Sachs Group assumed coverage on shares of Schnitzer Steel Industries in a research note on Tuesday, March 20th. They set a “buy” rating and a $42.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.50.
Schnitzer Steel Industries Company Profile
Schnitzer Steel Industries, Inc recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. It operates through two segments, Auto and Metals Recycling (AMR); and Cascade Steel and Scrap (CSS). The AMR segment buys, collects, processes, recycles, sells, and brokers scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.
Receive News & Ratings for Schnitzer Steel Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schnitzer Steel Industries and related companies with MarketBeat.com's FREE daily email newsletter.