Sims Metal Management (SMSMY) Expected to Post Earnings on Tuesday

Sims Metal Management (OTCMKTS:SMSMY) is anticipated to post its results before the market opens on Tuesday, August 18th. Analysts expect the company to announce earnings of $0.7270 per share and revenue of $3.1885 billion for the quarter.

Sims Metal Management Stock Performance

Shares of SMSMY stock opened at $18.70 on Tuesday. Sims Metal Management has a fifty-two week low of $8.16 and a fifty-two week high of $21.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.51. The stock’s 50-day simple moving average is $18.69 and its 200-day simple moving average is $16.06.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SMSMY shares. Zacks Research upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Jefferies Financial Group upgraded shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Sims Metal Management Company Profile

Sims Metal Management, trading over-the-counter under the symbol SMSMY, is the global metal recycling division of Sims Limited. Established in the early 20th century, the company has grown into one of the world’s leading recyclers of ferrous and non-ferrous metals. It serves a diverse customer base, including steel mills, foundries, manufacturers and fabricators, by collecting, processing and trading scrap metal commodities.

The company’s core activities encompass the sourcing and processing of end-of-life metal products.