Media coverage about Schnitzer Steel Industries (NASDAQ:SCHN) has trended somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Schnitzer Steel Industries earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.5882691968475 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Schnitzer Steel Industries (NASDAQ:SCHN) opened at $28.60 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.92 and a quick ratio of 0.97. Schnitzer Steel Industries has a 1 year low of $17.50 and a 1 year high of $31.35. The stock has a market cap of $773.97, a P/E ratio of 18.69 and a beta of 1.36.
Schnitzer Steel Industries (NASDAQ:SCHN) last posted its earnings results on Tuesday, October 24th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Schnitzer Steel Industries had a net margin of 2.64% and a return on equity of 8.49%. The firm had revenue of $494.00 million during the quarter, compared to analyst estimates of $495.73 million. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue was up 26.3% compared to the same quarter last year. equities research analysts forecast that Schnitzer Steel Industries will post 2.12 earnings per share for the current fiscal year.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Saturday, October 21st. Morgan Stanley lifted their price target on shares of Schnitzer Steel Industries from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. KeyCorp reaffirmed a “hold” rating on shares of Schnitzer Steel Industries in a report on Wednesday, October 11th. ValuEngine raised shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Finally, Macquarie assumed coverage on shares of Schnitzer Steel Industries in a report on Wednesday, September 6th. They set a “neutral” rating and a $26.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $29.33.
In other Schnitzer Steel Industries news, SVP Peter B. Saba sold 2,393 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $26.52, for a total transaction of $63,462.36. Following the sale, the senior vice president now directly owns 30,911 shares of the company’s stock, valued at $819,759.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Richard Peach sold 8,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $28.33, for a total transaction of $226,640.00. Following the sale, the chief financial officer now directly owns 119,283 shares in the company, valued at $3,379,287.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,770 shares of company stock valued at $654,919. 3.80% of the stock is owned by company insiders.
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About Schnitzer Steel Industries
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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