Sims Limited (OTCMKTS:SMSMY) Forecasted to Post FY2023 Earnings of $0.44 Per Share

Sims Limited (OTCMKTS:SMSMYGet Rating) – Analysts at Jefferies Financial Group cut their FY2023 EPS estimates for Sims in a note issued to investors on Sunday, November 20th. Jefferies Financial Group analyst S. Thackray now anticipates that the industrial products company will earn $0.44 per share for the year, down from their prior estimate of $1.06. The consensus estimate for Sims’ current full-year earnings is $0.39 per share. Jefferies Financial Group also issued estimates for Sims’ FY2024 earnings at $0.75 EPS.

Separately, Credit Suisse Group lowered shares of Sims from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 9th.

Sims Stock Up 2.1 %

Sims stock opened at $8.25 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $8.46 and a 200-day moving average of $10.00. Sims has a 1-year low of $7.75 and a 1-year high of $16.99.

Sims Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, October 31st. Shareholders of record on Tuesday, October 4th were issued a $0.1551 dividend. The ex-dividend date was Monday, October 3rd. This is a positive change from Sims’s previous dividend of $0.13. This represents a yield of 4.92%.

About Sims

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Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services.

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Earnings History and Estimates for Sims (OTCMKTS:SMSMY)

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