Schnitzer Steel Industries - SCHN Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Schnitzer Steel Industries in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SCHN shares.
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2 analysts have issued 12 month price targets for Schnitzer Steel Industries' shares. Their SCHN share price forecasts range from $39.00 to $62.00. On average, they expect the company's share price to reach $50.50 in the next year. This suggests a possible upside of 51.2% from the stock's current price.
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Schnitzer Steel Industries' stock was trading at $51.92 at the beginning of the year. Since then, SCHN stock has decreased by 35.7% and is now trading at $33.40.
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Schnitzer Steel Industries saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 517,600 shares, a decline of 33.1% from the October 31st total of 773,500 shares. Based on an average daily volume of 178,500 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 5th 2023.
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Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) posted its quarterly earnings data on Monday, October, 24th. The basic materials company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The basic materials company had revenue of $894 million for the quarter, compared to analyst estimates of $817.60 million. Schnitzer Steel Industries had a net margin of 4.84% and a trailing twelve-month return on equity of 19.34%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 earnings per share.

Schnitzer Steel Industries declared a quarterly dividend on Monday, October 24th. Stockholders of record on Thursday, November 10th will be given a dividend of $0.1875 per share on Tuesday, November 29th. This represents a $0.75 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Wednesday, November 9th.
Read our dividend analysis for SCHN.

Schnitzer Steel Industries (NASDAQ:SCHN) pays an annual dividend of $0.75 per share and currently has a dividend yield of 2.18%. The dividend payout ratio is 13.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCHN will have a dividend payout ratio of 34.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCHN.

Schnitzer Steel Industries updated its fourth quarter 2022 earnings guidance on Thursday, October, 27th. The company provided earnings per share guidance of $0.42-$0.47 for the period, compared to the consensus earnings per share estimate of $0.90. The company issued revenue guidance of -.

102 employees have rated Schnitzer Steel Industries Chief Executive Officer Tamara L. Lundgren on Glassdoor.com. Tamara L. Lundgren has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Schnitzer Steel Industries investors own include Costco Wholesale (COST), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T), Target (TGT) and Advanced Micro Devices (AMD).

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

Schnitzer Steel Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.10%), BlackRock Inc. (9.98%), Dimensional Fund Advisors LP (7.89%), State Street Corp (4.63%), Bank of New York Mellon Corp (2.13%) and Systematic Financial Management LP (1.78%). Insiders that own company stock include John D Carter, Michael R Henderson, Peter B Saba, Richard Peach, Stefano R Gaggini and Wayland R Hicks.
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Shares of SCHN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SCHN stock can currently be purchased for approximately $33.40.

Schnitzer Steel Industries (NASDAQ:SCHN) has a market capitalization of $900.13 million and generates $3.49 billion in revenue each year. The basic materials company earns $168.80 million in net income (profit) each year or $5.70 on an earnings per share basis.

The company employs 3,471 workers across the globe.

Schnitzer Steel Industries' mailing address is 299 SW CLAY STREET SUITE 350, PORTLAND OR, 97201. The official website for the company is www.schnitzersteel.com. The basic materials company can be reached via phone at (503) 224-9900, via email at ir@schn.com, or via fax at 503-323-2804.