Schnitzer Steel Industries (NASDAQ:SCHN) Announces Earnings Results

Schnitzer Steel Industries (NASDAQ:SCHN) announced its quarterly earnings data on Tuesday. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ 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 posted $0.31 EPS.

SCHN stock opened at $41.75 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.13 billion, a PE ratio of 69.58 and a beta of 1.37. Schnitzer Steel Industries has a twelve month low of $12.93 and a twelve month high of $46.86. The stock has a 50-day simple moving average of $39.96 and a two-hundred day simple moving average of $30.13.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Monday, April 19th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.80%. Schnitzer Steel Industries’s payout ratio is presently 174.42%.

A number of equities research analysts recently issued reports on the company. TheStreet upgraded Schnitzer Steel Industries from a “c+” rating to a “b” rating in a research note on Thursday, January 7th. Zacks Investment Research upgraded Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, March 9th. Finally, KeyCorp boosted their price objective on Schnitzer Steel Industries from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, December 22nd.

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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