Schnitzer Steel Industries (SCHN) to Release Earnings on Wednesday
Schnitzer Steel Industries (NASDAQ:SCHN) will be posting its Q1 quarterly earnings results before the market opens on Wednesday, January 8th. Parties interested in participating in the company’s conference call can do so using this link.
Schnitzer Steel Industries (NASDAQ:SCHN) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.51) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.19) by $0.32. The company had revenue of $657.00 million for the quarter, compared to the consensus estimate of $645.16 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 13.8% on a year-over-year basis. On average, analysts expect Schnitzer Steel Industries to post $0.92 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Schnitzer Steel Industries (NASDAQ:SCHN) opened at 31.09 on Tuesday. Schnitzer Steel Industries has a 52 week low of $23.07 and a 52 week high of $33.32. The stock has a 50-day moving average of $30.62 and a 200-day moving average of $27.92. The company’s market cap is $816.2 million.
A number of research firms have recently commented on SCHN. Analysts at Zacks downgraded shares of Schnitzer Steel Industries from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, November 27th. They now have a $28.60 price target on the stock. On a related note, analysts at Jefferies Group downgraded shares of Schnitzer Steel Industries from a “hold” rating to an “underperform” rating in a research note to investors on Monday, November 25th. They now have a $25.00 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Schnitzer Steel Industries from $26.00 to $25.00 in a research note to investors on Wednesday, October 30th. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Schnitzer Steel Industries has a consensus rating of “Hold” and an average price target of $26.52.
Schnitzer Steel Industries, Inc (NASDAQ:SCHN) is a recycler of ferrous and nonferrous scrap metal.
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