NASDAQ:SCHN - Schnitzer Steel Industries Stock Price, Forecast & News

Schnitzer Steel Industries trades on the NASDAQ under the ticker symbol "SCHN."

Schnitzer Steel Industries announced a quarterly dividend on Thursday, January 30th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.1875 per share on Monday, February 24th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Friday, February 7th. View Schnitzer Steel Industries' Dividend History.

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) released its earnings results on Wednesday, January, 8th. The basic materials company reported ($0.17) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.16) by $0.01. The basic materials company had revenue of $405.58 million for the quarter, compared to the consensus estimate of $406.46 million. Schnitzer Steel Industries had a return on equity of 5.56% and a net margin of 1.68%. The firm's revenue was down 28.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 earnings per share. View Schnitzer Steel Industries' Earnings History.

Schnitzer Steel Industries is scheduled to release their next quarterly earnings announcement on Thursday, April 2nd 2020. View Earnings Estimates for Schnitzer Steel Industries.

3 analysts have issued twelve-month price objectives for Schnitzer Steel Industries' stock. Their forecasts range from $21.00 to $23.00. On average, they anticipate Schnitzer Steel Industries' share price to reach $22.33 in the next year. This suggests a possible upside of 35.5% from the stock's current price. View Analyst Price Targets for Schnitzer Steel Industries.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Schnitzer Steel Industries in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Schnitzer Steel Industries.

Media headlines about SCHN stock have trended somewhat positive on Friday, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Schnitzer Steel Industries earned a coverage optimism score of 1.1 on InfoTrie's scale. They also assigned media coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Schnitzer Steel Industries.

Schnitzer Steel Industries saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,940,000 shares, a decrease of 8.1% from the January 15th total of 2,110,000 shares. Based on an average daily trading volume, of 228,900 shares, the short-interest ratio is currently 8.5 days. Currently, 7.6% of the company's shares are sold short. View Schnitzer Steel Industries' Current Options Chain.

Some companies that are related to Schnitzer Steel Industries include Nucor (NUE), Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Commercial Metals (CMC), Allegheny Technologies (ATI), Carpenter Technology (CRS), Worthington Industries (WOR), Cleveland-Cliffs (CLF), United States Steel (X), AK Steel (AKS), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Schnitzer Steel Industries investors own include COMSCORE (SCOR), Cisco Systems (CSCO), Intel (INTC), Costco Wholesale (COST), Bank of America (BAC), Ford Motor (F), AT&T (T), Valero Energy (VLO), Marvell Technology Group (MRVL) and AK Steel (AKS).

Schnitzer Steel Industries' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (3.95%), Bank of New York Mellon Corp (3.94%), LSV Asset Management (3.51%), Acadian Asset Management LLC (2.55%), Heartland Advisors Inc. (2.15%) and Geode Capital Management LLC (1.77%). Company insiders that own Schnitzer Steel Industries stock include Jeffery Dyck, John D Carter, Peter B Saba, Richard Peach, Robert Garrett Smith, Stefano R Gaggini and Steven Heiskell. View Institutional Ownership Trends for Schnitzer Steel Industries.

SCHN stock was sold by a variety of institutional investors in the last quarter, including Martingale Asset Management L P, Robeco Institutional Asset Management B.V., AXA, Prudential Financial Inc., AQR Capital Management LLC, Heartland Advisors Inc., Renaissance Technologies LLC and Hancock Whitney Corp. Company insiders that have sold Schnitzer Steel Industries company stock in the last year include Jeffery Dyck, Peter B Saba, Richard Peach and Robert Garrett Smith. View Insider Buying and Selling for Schnitzer Steel Industries.

SCHN stock was bought by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc., California Public Employees Retirement System, Bank of Montreal Can, Hotchkis & Wiley Capital Management LLC, State Street Corp, FIL Ltd, Russell Investments Group Ltd. and Panagora Asset Management Inc.. View Insider Buying and Selling for Schnitzer Steel Industries.

Shares of SCHN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SCHN stock can currently be purchased for approximately $16.48.

Schnitzer Steel Industries has a market capitalization of $439.44 million and generates $2.13 billion in revenue each year. The basic materials company earns $56.35 million in net income (profit) each year or $2.16 on an earnings per share basis. Schnitzer Steel Industries employs 3,363 workers across the globe.View Additional Information About Schnitzer Steel Industries.

The official website for Schnitzer Steel Industries is http://www.schnitzersteel.com/.

Schnitzer Steel Industries' mailing address is 299 SW CLAY STREET SUITE 350, PORTLAND OR, 97201. The basic materials company can be reached via phone at 503-224-9900 or via email at [email protected]