Schnitzer Steel Industries (NASDAQ:SCHN) Releases Q4 2021 Earnings Guidance

Schnitzer Steel Industries (NASDAQ:SCHN) updated its fourth quarter 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.750-$1.830 for the period, compared to the Thomson Reuters consensus estimate of $1.570. The company issued revenue guidance of -.

A number of research analysts recently weighed in on SCHN shares. Northland Securities began coverage on Schnitzer Steel Industries in a research report on Monday, July 19th. They set an outperform rating for the company. Zacks Investment Research cut Schnitzer Steel Industries from a hold rating to a sell rating in a research note on Thursday, September 23rd. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to, the company has an average rating of Buy and a consensus price target of $42.67.

Shares of NASDAQ:SCHN opened at $50.01 on Thursday. Schnitzer Steel Industries has a 12-month low of $19.35 and a 12-month high of $59.34. The stock has a fifty day simple moving average of $47.14 and a two-hundred day simple moving average of $48.73. The company has a current ratio of 1.97, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.55 and a beta of 1.36.

A hedge fund recently raised its stake in Schnitzer Steel Industries stock. Royal Bank of Canada lifted its holdings in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 104.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,707 shares of the basic materials company’s stock after purchasing an additional 1,898 shares during the quarter. Royal Bank of Canada’s holdings in Schnitzer Steel Industries were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 81.51% of the company’s stock.

About Schnitzer Steel Industries

Schnitzer Steel Industries, Inc engages in the recycling of ferrous and nonferrous scrap metal and manufacture of finished steel products. It operates through the following segments: Auto and Metals Recycling (AMR) and Cascade Steel and Scrap (CSS). The AMR segment acquires and recycles ferrous and nonferrous scrap metal for sale to foreign and domestic metal producers, processors and brokers and procure salvaged vehicles and sells serviceable used auto parts from these vehicles through a network of self-service auto parts stores.

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Earnings History and Estimates for Schnitzer Steel Industries (NASDAQ:SCHN)

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