Schnitzer Steel Industries (NASDAQ:SCHN) Issues Quarterly Earnings Results

Schnitzer Steel Industries (NASDAQ:SCHN) issued its quarterly earnings data on Tuesday. The basic materials company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52, MarketWatch Earnings reports. Schnitzer Steel Industries had a net margin of 0.94% and a return on equity of 4.83%. During the same period in the prior year, the company earned $0.31 earnings per share.

Schnitzer Steel Industries stock opened at $41.75 on Thursday. The firm has a 50 day simple moving average of $39.96 and a 200-day simple moving average of $30.13. Schnitzer Steel Industries has a 1-year low of $12.93 and a 1-year high of $46.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.88 and a quick ratio of 1.01. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 69.58 and a beta of 1.37.

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 $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.80%. Schnitzer Steel Industries’s dividend payout ratio (DPR) is 174.42%.

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

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.

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Earnings History for Schnitzer Steel Industries (NASDAQ:SCHN)

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