Schnitzer Steel Industries (NASDAQ:SCHN) posted its quarterly earnings data on Wednesday. The basic materials company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01), Briefing.com reports. Schnitzer Steel Industries had a net margin of 2.64% and a return on equity of 8.64%. The firm had revenue of $405.58 million during the quarter, compared to analysts’ expectations of $406.46 million. During the same quarter last year, the business earned $0.58 earnings per share. The business’s quarterly revenue was down 28.1% on a year-over-year basis.
Shares of NASDAQ:SCHN traded down $0.68 during midday trading on Wednesday, hitting $20.98. 9,564 shares of the stock were exchanged, compared to its average volume of 149,956. The stock has a market cap of $576.76 million, a P/E ratio of 9.78 and a beta of 1.46. The company has a current ratio of 1.74, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. Schnitzer Steel Industries has a twelve month low of $18.68 and a twelve month high of $27.47. The company has a 50 day moving average price of $21.75 and a 200-day moving average price of $22.79.
In other Schnitzer Steel Industries news, SVP Peter B. Saba sold 9,333 shares of Schnitzer Steel Industries stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $22.14, for a total value of $206,632.62. Following the completion of the sale, the senior vice president now owns 58,305 shares in the company, valued at approximately $1,290,872.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Peach sold 24,090 shares of Schnitzer Steel Industries stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $21.86, for a total value of $526,607.40. Following the completion of the sale, the chief financial officer now owns 184,077 shares of the company’s stock, valued at approximately $4,023,923.22. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.
Schnitzer Steel Industries Company Profile
Schnitzer Steel Industries, Inc recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates through two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.
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