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

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

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Schnitzer Steel Industries from a hold rating to a sell rating in a research report on Thursday, September 23rd. Northland Securities started coverage on Schnitzer Steel Industries in a research report on Monday, July 19th. They issued an outperform rating for the company. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from, the stock presently has a consensus rating of Buy and a consensus price target of $42.67.

NASDAQ SCHN traded up $1.70 during trading on Thursday, hitting $51.71. The stock had a trading volume of 354 shares, compared to its average volume of 319,706. Schnitzer Steel Industries has a 12 month low of $19.35 and a 12 month high of $59.34. The company has a market capitalization of $1.42 billion, a PE ratio of 11.55 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.97. The company’s 50-day moving average price is $47.14 and its two-hundred day moving average price is $48.73.

An institutional investor recently raised its position in Schnitzer Steel Industries stock. Royal Bank of Canada lifted its stake in shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 104.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,707 shares of the basic materials company’s stock after purchasing an additional 1,898 shares during the period. Royal Bank of Canada’s holdings in Schnitzer Steel Industries were worth $182,000 at the end of the most recent quarter. Institutional investors and hedge funds own 81.51% of the company’s stock.

Schnitzer Steel Industries Company Profile

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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