Wall Street brokerages expect that Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) will report earnings of $0.42 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Schnitzer Steel Industries’ earnings. Schnitzer Steel Industries posted earnings per share of $0.46 during the same quarter last year, which would suggest a negative year over year growth rate of 8.7%. The company is expected to issue its next quarterly earnings report on Thursday, June 29th.

According to Zacks, analysts expect that Schnitzer Steel Industries will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $0.91 to $1.25. For the next year, analysts expect that the firm will post earnings of $1.41 per share, with EPS estimates ranging from $1.33 to $1.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Schnitzer Steel Industries.

Schnitzer Steel Industries (NASDAQ:SCHN) last posted its quarterly earnings results on Thursday, April 6th. The basic materials company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $382 million for the quarter. Schnitzer Steel Industries had a positive return on equity of 4.41% and a negative net margin of 1.13%. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.25) earnings per share.

Separately, Zacks Investment Research upgraded Schnitzer Steel Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 29th.

Hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in Schnitzer Steel Industries by 0.8% in the third quarter. Prudential Financial Inc. now owns 26,848 shares of the basic materials company’s stock worth $561,000 after buying an additional 220 shares in the last quarter. Dynamic Capital Management Ltd increased its stake in Schnitzer Steel Industries by 2.1% in the third quarter. Dynamic Capital Management Ltd now owns 12,212 shares of the basic materials company’s stock worth $255,000 after buying an additional 249 shares in the last quarter. Alpha Windward LLC increased its stake in Schnitzer Steel Industries by 5.6% in the first quarter. Alpha Windward LLC now owns 18,060 shares of the basic materials company’s stock worth $373,000 after buying an additional 960 shares in the last quarter. American International Group Inc. increased its stake in Schnitzer Steel Industries by 7.1% in the first quarter. American International Group Inc. now owns 16,073 shares of the basic materials company’s stock worth $332,000 after buying an additional 1,061 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. increased its stake in Schnitzer Steel Industries by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 40,600 shares of the basic materials company’s stock worth $838,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 89.75% of the company’s stock.

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Schnitzer Steel Industries (NASDAQ:SCHN) traded up 0.646% on Monday, reaching $19.475. The company had a trading volume of 69,280 shares. Schnitzer Steel Industries has a 12 month low of $14.83 and a 12 month high of $30.60. The stock has a market capitalization of $536.03 million, a price-to-earnings ratio of 14.599 and a beta of 1.64. The firm has a 50 day moving average price of $19.35 and a 200-day moving average price of $23.77.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 22nd. Stockholders of record on Monday, May 8th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.88%. Schnitzer Steel Industries’s dividend payout ratio (DPR) is -127.12%.

About Schnitzer Steel Industries

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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