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 MarketBeat.com, 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.
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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