News stories about Schnitzer Steel Industries (NASDAQ:SCHN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Schnitzer Steel Industries earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 47.3847722233411 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Schnitzer Steel Industries : Board Declares Quarterly Dividend (4-traders.com)
- Schnitzer Board Announces a New Independent Director – Business Wire (press release) (businesswire.com)
- Schnitzer Steel Industries, Inc. Plans Quarterly Dividend of $0.19 (SCHN) (americanbankingnews.com)
- SCHNITZER STEEL INDUSTRIES INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Schnitzer Steel Industries, Inc. :SCHN-US: Earnings Analysis: Q4, 2017 By the Numbers : October 26, 2017 (finance.yahoo.com)
Shares of Schnitzer Steel Industries (NASDAQ:SCHN) traded down 2.20% during trading on Monday, hitting $28.90. The stock had a trading volume of 144,492 shares. Schnitzer Steel Industries has a one year low of $17.50 and a one year high of $31.35. The stock has a market capitalization of $797.64 million, a price-to-earnings ratio of 18.79 and a beta of 1.34. The stock has a 50 day moving average price of $28.10 and a 200-day moving average price of $23.93.
Schnitzer Steel Industries (NASDAQ:SCHN) last issued its quarterly earnings data on Tuesday, October 24th. The basic materials company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $494.00 million for the quarter, compared to analyst estimates of $495.73 million. Schnitzer Steel Industries had a return on equity of 8.49% and a net margin of 2.64%. Schnitzer Steel Industries’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. On average, equities research analysts predict that Schnitzer Steel Industries will post $1.87 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.54%. Schnitzer Steel Industries’s payout ratio is presently 47.17%.
SCHN has been the topic of several research reports. ValuEngine lowered Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Zacks Investment Research lowered Schnitzer Steel Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Macquarie initiated coverage on Schnitzer Steel Industries in a research note on Wednesday, September 6th. They set a “neutral” rating and a $26.00 price target on the stock. KeyCorp reaffirmed a “hold” rating on shares of Schnitzer Steel Industries in a research note on Wednesday, October 11th. Finally, BidaskClub lowered Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $29.50.
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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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