Somewhat Positive Press Coverage Somewhat Unlikely to Affect Schnitzer Steel Industries (SCHN) Share Price

Press coverage about Schnitzer Steel Industries (NASDAQ:SCHN) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news 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 news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.8920629595162 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

SCHN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research note on Tuesday, January 2nd. BidaskClub upgraded shares of Schnitzer Steel Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. ValuEngine upgraded shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Morgan Stanley lifted their target price on shares of Schnitzer Steel Industries from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Schnitzer Steel Industries in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.33.

Schnitzer Steel Industries (SCHN) opened at $35.45 on Friday. The firm has a market cap of $939.05, a PE ratio of 22.30 and a beta of 1.36. 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 12 month low of $17.50 and a 12 month high of $35.50.

Schnitzer Steel Industries (NASDAQ:SCHN) last posted its earnings results on Tuesday, October 24th. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $494.00 million during the quarter, compared to the consensus estimate of $495.73 million. Schnitzer Steel Industries had a net margin of 2.64% and a return on equity of 8.49%. The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. equities research analysts expect that Schnitzer Steel Industries will post 2.18 EPS for the current fiscal year.

In other news, SVP Jeffery Dyck sold 8,327 shares of Schnitzer Steel Industries stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $30.05, for a total value of $250,226.35. Following the completion of the transaction, the senior vice president now owns 49,184 shares in the company, valued at $1,477,979.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefano R. Gaggini sold 1,074 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $28.97, for a total transaction of $31,113.78. Following the completion of the transaction, the vice president now owns 16,480 shares of the company’s stock, valued at $477,425.60. The disclosure for this sale can be found here. Insiders sold 22,770 shares of company stock valued at $654,919 in the last quarter. Corporate insiders own 3.80% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Schnitzer Steel Industries (NASDAQ:SCHN)

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