Schnitzer Steel Industries, Inc. (SCHN) Scheduled to Post Earnings on Monday
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) will be releasing its earnings data before the market opens on Monday, October 23rd. Analysts expect Schnitzer Steel Industries to post earnings of $0.58 per share for the quarter.
Shares of Schnitzer Steel Industries, Inc. (NASDAQ SCHN) opened at 30.05 on Friday. The company’s 50 day moving average price is $27.68 and its 200 day moving average price is $23.58. Schnitzer Steel Industries, Inc. has a 52-week low of $17.50 and a 52-week high of $30.60. The firm has a market capitalization of $829.38 million, a price-to-earnings ratio of 19.54 and a beta of 1.34.
Several analysts have recently weighed in on SCHN shares. Zacks Investment Research lowered Schnitzer Steel Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. TheStreet raised Schnitzer Steel Industries from a “c+” rating to a “b” rating in a report on Friday, June 30th. BidaskClub lowered Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Macquarie started coverage on Schnitzer Steel Industries in a report on Wednesday, September 6th. They set a “neutral” rating and a $26.00 price objective on the stock. Finally, ValuEngine lowered Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.50.
Schnitzer Steel Industries Company Profile
Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.
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