Schnitzer Steel Industries Inc. (SCHN) Stock Price Down 1.9%
Schnitzer Steel Industries Inc. (NASDAQ:SCHN) fell 1.9% during trading on Tuesday . The company traded as low as $18.58 and last traded at $18.69, with a volume of 95,945 shares. The stock had previously closed at $19.06.
Separately, Zacks Investment Research downgraded shares of Schnitzer Steel Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, June 16th. Five analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $19.25.
The company’s market capitalization is $510.31 million. The stock’s 50 day moving average price is $19.10 and its 200-day moving average price is $17.79.
Schnitzer Steel Industries (NASDAQ:SCHN) last released its quarterly earnings data on Thursday, June 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.28. The company had revenue of $352 million for the quarter. Schnitzer Steel Industries’s revenue for the quarter was down 24.6% compared to the same quarter last year. Analysts anticipate that Schnitzer Steel Industries Inc. will post $0.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Monday, August 8th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.75 annualized dividend and a yield of 3.99%.
In other Schnitzer Steel Industries news, insider Jeffery Dyck sold 9,205 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $17.61, for a total transaction of $162,100.05. Following the completion of the transaction, the insider now directly owns 38,265 shares in the company, valued at $673,846.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Schnitzer Steel Industries, Inc (SSI) is a recycler of ferrous and nonferrous scrap metal. The Company is recycler of used and salvaged vehicles and a manufacturer of finished steel products. The Company operates in three business segments: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB).
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