$0.92 EPS Expected for Schnitzer Steel Industries, Inc. (SCHN) This Quarter

Analysts expect Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) to post earnings per share (EPS) of $0.92 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Schnitzer Steel Industries’ earnings. Schnitzer Steel Industries posted earnings of $0.56 per share during the same quarter last year, which suggests a positive year over year growth rate of 64.3%. The business is expected to issue its next earnings report on Monday, June 25th.

On average, analysts expect that Schnitzer Steel Industries will report full year earnings of $3.37 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will post earnings of $2.88 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Schnitzer Steel Industries.

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Schnitzer Steel Industries (NASDAQ:SCHN) last released its earnings results on Thursday, April 5th. The basic materials company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.51. Schnitzer Steel Industries had a return on equity of 11.90% and a net margin of 3.50%. The firm had revenue of $559.00 million for the quarter, compared to analysts’ expectations of $507.82 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was up 46.3% on a year-over-year basis.

A number of research firms have recently commented on SCHN. Zacks Investment Research raised Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, January 2nd. ValuEngine cut Schnitzer Steel Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 28th. Goldman Sachs began coverage on Schnitzer Steel Industries in a research note on Tuesday, March 20th. They issued a “buy” rating and a $42.00 target price on the stock. Finally, BidaskClub raised Schnitzer Steel Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $33.25.

Several institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Schnitzer Steel Industries by 37.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 31,724 shares of the basic materials company’s stock valued at $1,063,000 after buying an additional 8,695 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Schnitzer Steel Industries during the fourth quarter valued at $453,000. Millennium Management LLC boosted its position in shares of Schnitzer Steel Industries by 706.8% during the fourth quarter. Millennium Management LLC now owns 685,889 shares of the basic materials company’s stock valued at $22,977,000 after buying an additional 600,873 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Schnitzer Steel Industries by 96.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,015 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,481 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Schnitzer Steel Industries by 7.8% during the fourth quarter. Teachers Advisors LLC now owns 649,774 shares of the basic materials company’s stock valued at $21,767,000 after buying an additional 47,263 shares during the last quarter. 91.01% of the stock is currently owned by institutional investors.

NASDAQ SCHN opened at $33.53 on Friday. Schnitzer Steel Industries has a 12 month low of $17.50 and a 12 month high of $38.85. The firm has a market capitalization of $889.54, a PE ratio of 21.92 and a beta of 1.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 2.31.

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Schnitzer Steel Industries Company Profile

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

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