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 the 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 last year, the business earned $0.31 earnings per share.

Schnitzer Steel Industries stock traded down $2.58 during midday trading on Thursday, reaching $39.17. The company’s stock had a trading volume of 3,929 shares, compared to its average volume of 323,214. Schnitzer Steel Industries has a fifty-two week low of $12.93 and a fifty-two week high of $46.86. 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 company has a market cap of $1.06 billion, a P/E ratio of 65.38 and a beta of 1.37. The business has a 50-day simple moving average of $39.96 and a 200-day simple moving average of $30.13.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Monday, April 19th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, April 16th. Schnitzer Steel Industries’s dividend payout ratio is presently 174.42%.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded 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 Schnitzer Steel Industries from a “c+” rating to a “b” rating in a report on Thursday, January 7th. Finally, KeyCorp lifted their target price on 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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