Radius Recycling (NASDAQ:RDUS) Posts Earnings Results, Misses Expectations By $0.67 EPS

Radius Recycling (NASDAQ:RDUS) announced its quarterly earnings data on Tuesday. The basic materials company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.67), Zacks reports. The firm had revenue of $656.54 million for the quarter, compared to the consensus estimate of $665.90 million. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. Radius Recycling’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.64) earnings per share.

Radius Recycling Price Performance

RDUS opened at $14.77 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.92. The company’s 50-day simple moving average is $17.72 and its two-hundred day simple moving average is $16.79. Radius Recycling has a 52-week low of $12.69 and a 52-week high of $28.20. The stock has a market capitalization of $414.14 million, a P/E ratio of -1.58 and a beta of 1.64.

Radius Recycling Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.75 annualized dividend and a yield of 5.08%. Radius Recycling’s dividend payout ratio is -8.01%.

Insiders Place Their Bets

In related news, SVP Steven Heiskell sold 17,675 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total transaction of $301,889.00. Following the completion of the sale, the senior vice president now directly owns 133,780 shares in the company, valued at approximately $2,284,962.40. The trade was a 11.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RDUS has been the topic of several recent analyst reports. The Goldman Sachs Group started coverage on shares of Radius Recycling in a report on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price target on the stock. StockNews.com downgraded Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th.

About Radius Recycling

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.