Schnitzer Steel Industries (NASDAQ:SCHN) Issues Quarterly Earnings Results, Beats Estimates By $0.52 EPS
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%.
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.
Recommended Story: What is the S&P/TSX Index?
Receive News & Ratings for Schnitzer Steel Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schnitzer Steel Industries and related companies with MarketBeat.com's FREE daily email newsletter.