Radius Recycling (NASDAQ:RDUS - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, April 4th. Analysts expect the company to announce earnings of ($0.54) per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its earnings results on Thursday, January 4th. The basic materials company reported ($0.64) earnings per share for the quarter, topping analysts' consensus estimates of ($0.71) by $0.07. The firm had revenue of $672.90 million during the quarter, compared to the consensus estimate of $643.35 million. Radius Recycling had a positive return on equity of 1.97% and a negative net margin of 0.88%. The firm's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.44) earnings per share. On average, analysts expect Radius Recycling to post $-4 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Radius Recycling Price Performance
RDUS traded up $0.48 during trading on Thursday, reaching $21.13. The stock had a trading volume of 289,574 shares, compared to its average volume of 190,557. The firm has a market capitalization of $588.68 million, a price-to-earnings ratio of -22.77 and a beta of 1.60. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.31. Radius Recycling has a 1-year low of $17.51 and a 1-year high of $36.64. The stock has a 50 day moving average of $22.71 and a two-hundred day moving average of $25.45.
Radius Recycling Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 5th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.55%. Radius Recycling's dividend payout ratio (DPR) is presently -79.79%.
Institutional Trading of Radius Recycling
Several large investors have recently added to or reduced their stakes in RDUS. JPMorgan Chase & Co. raised its stake in Radius Recycling by 22.0% during the 1st quarter. JPMorgan Chase & Co. now owns 291,675 shares of the basic materials company's stock valued at $15,150,000 after purchasing an additional 52,677 shares during the period. US Bancorp DE raised its stake in Radius Recycling by 53.4% during the 1st quarter. US Bancorp DE now owns 2,339 shares of the basic materials company's stock valued at $121,000 after purchasing an additional 814 shares during the period. HighTower Advisors LLC acquired a new stake in Radius Recycling during the 1st quarter valued at $246,000. MetLife Investment Management LLC raised its stake in Radius Recycling by 60.6% during the 1st quarter. MetLife Investment Management LLC now owns 14,061 shares of the basic materials company's stock valued at $730,000 after purchasing an additional 5,304 shares during the period. Finally, APG Asset Management N.V. acquired a new stake in Radius Recycling during the 1st quarter valued at $1,989,000. 78.11% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Seaport Res Ptn downgraded Radius Recycling from a "neutral" rating to a "sell" rating in a research report on Wednesday, February 28th.
View Our Latest Report on RDUS
Radius Recycling Company Profile
(
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Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.
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