Schnitzer Steel Industries (NASDAQ:SCHN) posted its earnings results on Wednesday. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.18, MarketWatch Earnings reports. Schnitzer Steel Industries had a net margin of 0.19% and a return on equity of 2.52%. During the same quarter in the prior year, the firm earned ($0.17) earnings per share.
Shares of NASDAQ:SCHN traded down $2.21 during midday trading on Friday, reaching $37.00. 17,722 shares of the company’s stock traded hands, compared to its average volume of 407,391. The company has a fifty day simple moving average of $28.91 and a two-hundred day simple moving average of $21.86. Schnitzer Steel Industries has a 1 year low of $10.09 and a 1 year high of $42.19. The company has a market cap of $1.00 billion, a P/E ratio of 331.85 and a beta of 1.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.98 and a current ratio of 3.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Monday, January 18th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, January 14th. Schnitzer Steel Industries’s dividend payout ratio (DPR) is presently 34.72%.
Several research firms have commented on SCHN. KeyCorp upped their price objective on Schnitzer Steel Industries from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 22nd. Zacks Investment Research raised shares of Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a report on Friday, November 27th. Finally, BidaskClub upgraded shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a research report on Thursday, October 8th.
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.
Featured Article: What are the Benefits of Index Funds?
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.