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

Schnitzer Steel Industries (NASDAQ:SCHN) posted its quarterly earnings data on Tuesday. The basic materials company reported $1.51 earnings per share for the quarter, topping 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 period in the previous year, the company earned $0.31 EPS.

Shares of SCHN stock opened at $41.75 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.01 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $39.96 and its 200-day simple moving average is $30.13. Schnitzer Steel Industries has a 12-month low of $12.93 and a 12-month high of $46.86. The company has a market cap of $1.13 billion, a PE 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. Investors of record on Monday, April 19th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.80%. Schnitzer Steel Industries’s payout ratio is 174.42%.

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

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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