Schnitzer Steel Industries (NASDAQ:SCHN) will be releasing its earnings data before the market opens on Monday, June 25th. Analysts expect Schnitzer Steel Industries to post earnings of $0.88 per share for the quarter.
Schnitzer Steel Industries (NASDAQ:SCHN) last announced its quarterly earnings data on Thursday, April 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.51. Schnitzer Steel Industries had a return on equity of 14.28% and a net margin of 4.68%. The company had revenue of $559.00 million for the quarter, compared to analysts’ expectations of $507.82 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue was up 46.3% compared to the same quarter last year. On average, analysts expect Schnitzer Steel Industries to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Schnitzer Steel Industries opened at $36.20 on Friday, MarketBeat.com reports. Schnitzer Steel Industries has a 12-month low of $20.40 and a 12-month high of $38.85. The company has a market cap of $940.58 million, a PE ratio of 23.66 and a beta of 1.46. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 29th. Stockholders of record on Monday, May 14th were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, May 11th. Schnitzer Steel Industries’s dividend payout ratio is currently 49.02%.
A number of equities research analysts have recently issued reports on SCHN shares. BidaskClub cut Schnitzer Steel Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Goldman Sachs Group started coverage on 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. Finally, ValuEngine cut Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Schnitzer Steel Industries currently has a consensus rating of “Hold” and a consensus price target of $33.50.
About Schnitzer Steel Industries
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.
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