Schnitzer Steel Industries - SCHN Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Schnitzer Steel Industries in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SCHN shares.
View SCHN analyst ratings or view top-rated stocks.

2 brokers have issued 12-month target prices for Schnitzer Steel Industries' shares. Their SCHN share price forecasts range from $47.00 to $62.00. On average, they expect the company's stock price to reach $54.50 in the next twelve months. This suggests a possible upside of 74.9% from the stock's current price.
View analysts price targets for SCHN or view top-rated stocks among Wall Street analysts.

Schnitzer Steel Industries' stock was trading at $51.92 at the beginning of 2022. Since then, SCHN shares have decreased by 40.0% and is now trading at $31.16.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our SCHN earnings forecast.

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) issued its earnings results on Thursday, January, 6th. The basic materials company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by $0.18. The basic materials company had revenue of $798 million for the quarter, compared to the consensus estimate of $857.06 million. Schnitzer Steel Industries had a trailing twelve-month return on equity of 24.41% and a net margin of 5.85%. The firm's revenue for the quarter was up 62.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share.

Schnitzer Steel Industries announced a dividend on Wednesday, June 29th. Shareholders of record on Monday, July 11th will be paid a dividend of $0.1875 per share on Friday, July 8th. The ex-dividend date of this dividend is Friday, July 8th.
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 2.64%. The dividend payout ratio is 11.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCHN will have a dividend payout ratio of 18.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCHN.

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."

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 $31.16.

Schnitzer Steel Industries (NASDAQ:SCHN) has a market capitalization of $855.34 million and generates $2.76 billion in revenue each year. The basic materials company earns $165.11 million in net income (profit) each year or $6.77 on an earnings per share basis.

The company employs 3,167 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.