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NASDAQ:SCHN

Schnitzer Steel Industries - SCHN Stock Forecast, Price & News

$32.73
-1.15 (-3.39%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$32.68
$34.29
50-Day Range
$26.19
$34.72
52-Week Range
$25.96
$59.70
Volume
152,932 shs
Average Volume
254,874 shs
Market Capitalization
$881.98 million
P/E Ratio
5.74
Dividend Yield
2.21%
Price Target
$50.50

Schnitzer Steel Industries MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
54.3% Upside
$50.50 Price Target
Short Interest
Healthy
2.08% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.85
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$639,735 Sold Last Quarter
Proj. Earnings Growth
65.38%
From $1.30 to $2.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.13 out of 5 stars

Basic Materials Sector

2nd out of 163 stocks

Miscellaneous Durable Goods Industry

1st out of 2 stocks

SCHN stock logo

About Schnitzer Steel Industries (NASDAQ:SCHN) Stock

Schnitzer Steel Industries, 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. The company also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 51 retail self-service auto parts stores, 54 metals recycling facilities, and an electric arc furnace steel mill. In addition, it produces various finished steel products using ferrous recycled metal and other raw materials, as well as semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. Further, the company sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; and ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors, as well as finished steel customers, such as steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

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SCHN Stock News Headlines

11 Biggest Garbage Companies in the US
Schnitzer Steel Industries Inc. Q4 Profit Decreases, but beats estimates
Schnitzer Steel: How The Junkman Took Over
Schnitzer Steel Recertified as a Great Place to Work®
Schnitzer Steel Industries (NASDAQ: SCHN)
See More Headlines
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SCHN Company Calendar

Last Earnings
10/24/2022
Ex-Dividend for 11/29 Dividend
11/09/2022
Dividend Payable
11/29/2022
Today
12/09/2022
Next Earnings (Estimated)
1/05/2023
Fiscal Year End
8/31/2023

Industry, Sector and Symbol

Industry
Miscellaneous durable goods
Sub-Industry
Steel
Current Symbol
NASDAQ:SCHN
CUSIP
80688210
Employees
3,471
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$50.50
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+54.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$168.80 million
Pretax Margin
6.22%

Debt

Sales & Book Value

Annual Sales
$3.49 billion
Cash Flow
$9.32 per share
Book Value
$35.57 per share

Miscellaneous

Free Float
25,276,000
Market Cap
$881.98 million
Optionable
Optionable
Beta
1.51

Key Executives

  • Ms. Tamara L. Lundgren J.D. (Age 64)
    Chairman, Pres & CEO
    Comp: $6.23M
  • Mr. Richard D. PeachMr. Richard D. Peach (Age 58)
    Exec. VP & Chief Strategy Officer
    Comp: $2.13M
  • Mr. Michael R. HendersonMr. Michael R. Henderson (Age 63)
    Sr. VP & Pres of Operations
    Comp: $1.84M
  • Mr. Steven G. Heiskell (Age 53)
    Sr. VP & Pres of Products and Services
    Comp: $1.62M
  • Mr. Stefano R. GagginiMr. Stefano R. Gaggini (Age 51)
    Sr. VP & CFO
  • Mr. Mark Schuessler (Age 43)
    VP & Chief Accounting Officer
  • Mr. Michael Bennett
    VP of Investor Relations
  • Mr. James Matthew Vaughn (Age 49)
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Robert Stone
    VP of Corp. Devel.
  • Mr. Erich D. Wilson (Age 53)
    Sr. VP, Chief HR Officer & Chief of Corp. Operations













SCHN Stock - Frequently Asked Questions

Should I buy or sell Schnitzer Steel Industries stock right now?

2 Wall Street equities 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 equities research analysts is that investors should "buy" SCHN shares.
View SCHN analyst ratings
or view top-rated stocks.

What is Schnitzer Steel Industries' stock price forecast for 2023?

2 Wall Street research analysts have issued twelve-month target prices for Schnitzer Steel Industries' shares. Their SCHN share price forecasts range from $39.00 to $62.00. On average, they predict the company's share price to reach $50.50 in the next twelve months. This suggests a possible upside of 47.5% from the stock's current price.
View analysts price targets for SCHN
or view top-rated stocks among Wall Street analysts.

How have SCHN shares performed in 2022?

Schnitzer Steel Industries' stock was trading at $51.92 at the beginning of 2022. Since then, SCHN stock has decreased by 34.1% and is now trading at $34.24.
View the best growth stocks for 2022 here
.

Are investors shorting Schnitzer Steel Industries?

Schnitzer Steel Industries saw a drop in short interest in November. As of November 15th, there was short interest totaling 517,600 shares, a drop of 33.1% from the October 31st total of 773,500 shares. Based on an average daily trading volume, of 178,500 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.1% of the shares of the stock are short sold.
View Schnitzer Steel Industries' Short Interest
.

When is Schnitzer Steel Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 5th 2023.
View our SCHN earnings forecast
.

How were Schnitzer Steel Industries' earnings last quarter?

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) posted its quarterly earnings results on Monday, October, 24th. The basic materials company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The basic materials company earned $894 million during the quarter, compared to analysts' expectations 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%. Schnitzer Steel Industries's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 earnings per share.

How often does Schnitzer Steel Industries pay dividends? What is the dividend yield for Schnitzer Steel Industries?

Schnitzer Steel Industries declared a quarterly dividend on Monday, October 24th. Investors of record on Thursday, November 10th will be paid a dividend of $0.1875 per share on Tuesday, November 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 9th.
Read our dividend analysis for SCHN
.

Is Schnitzer Steel Industries a good dividend stock?

Schnitzer Steel Industries (NASDAQ:SCHN) pays an annual dividend of $0.75 per share and currently has a dividend yield of 2.27%. 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.

What guidance has Schnitzer Steel Industries issued on next quarter's earnings?

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

What is Tamara L. Lundgren's approval rating as Schnitzer Steel Industries' CEO?

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.

What other stocks do shareholders of Schnitzer Steel Industries own?

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).

What is Schnitzer Steel Industries' stock symbol?

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

Who are Schnitzer Steel Industries' major shareholders?

Schnitzer Steel Industries' stock is owned by a variety 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 Bank of New York Mellon Corp (2.13%). Insiders that own company stock include John D Carter, Michael R Henderson, Peter B Saba, Richard Peach, Stefano R Gaggini and Wayland R Hicks.
View institutional ownership trends
.

How do I buy shares of Schnitzer Steel Industries?

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.
Compare Top Brokerages Here.

What is Schnitzer Steel Industries' stock price today?

One share of SCHN stock can currently be purchased for approximately $34.24.

How much money does Schnitzer Steel Industries make?

Schnitzer Steel Industries (NASDAQ:SCHN) has a market capitalization of $922.77 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.

How many employees does Schnitzer Steel Industries have?

The company employs 3,471 workers across the globe.

How can I contact Schnitzer Steel Industries?

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.

This page (NASDAQ:SCHN) was last updated on 12/9/2022 by MarketBeat.com Staff