Schnitzer Steel Industries (NASDAQ:SCHN) Releases Earnings Results, Beats Estimates By $0.52 EPS


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Schnitzer Steel Industries (NASDAQ:SCHN) released its quarterly earnings results on Tuesday. The basic materials company reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarter last year, the firm posted $0.31 EPS.

Shares of Schnitzer Steel Industries stock opened at $41.75 on Thursday. The firm has a market cap of $1.13 billion, a P/E ratio of 69.58 and a beta of 1.37. The company has a current ratio of 1.88, a quick ratio of 1.01 and a debt-to-equity ratio of 0.21. Schnitzer Steel Industries has a 12 month low of $12.93 and a 12 month high of $46.86. The stock’s fifty day moving average price is $39.96 and its 200-day moving average price is $30.13.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 3rd. Stockholders of record on Monday, April 19th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, April 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.80%. Schnitzer Steel Industries’s dividend payout ratio is currently 174.42%.

Several analysts recently weighed in on SCHN shares. Zacks Investment Research upgraded Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a report on Tuesday, March 9th. TheStreet upgraded Schnitzer Steel Industries from a “c+” rating to a “b” rating in a report on Thursday, January 7th. Finally, KeyCorp increased their target price on Schnitzer Steel Industries from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 22nd.

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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Earnings History for Schnitzer Steel Industries (NASDAQ:SCHN)

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