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NASDAQ:SCHN

Schnitzer Steel Industries Stock Forecast, Price & News

$21.25
+0.46 (+2.21 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$20.62
Now: $21.25
$21.79
50-Day Range
$18.40
MA: $19.71
$21.06
52-Week Range
$10.09
Now: $21.25
$24.32
Volume1.32 million shs
Average Volume268,996 shs
Market Capitalization$575.85 million
P/E Ratio193.20
Dividend Yield3.61%
Beta1.5
Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates through two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting. This segment offers ferrous recycled scrap metal, a feedstock used in the production of finished steel products; and nonferrous products, including aluminum, copper, stainless steel, nickel, brass, titanium, lead, high temperature alloys, and joint products. It sells ferrous and nonferrous recycled metal products to steel mills, foundries, smelters, and recycled metal processors. This segment also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 52 self-service auto parts stores in the United States and Western Canada, as well as sells auto bodies and component parts, such as engines, transmissions, and alternators to wholesalers. The CSS segment produces various finished steel products using ferrous recycled scrap metal and other raw materials. It offers semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. This segment serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.8Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.60 out of 5 stars


Industry, Sector and Symbol

Industry Miscellaneous durable goods
Sub-IndustrySteel
Current SymbolNASDAQ:SCHN
CUSIP80688210
Phone503-224-9900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.13 billion
Cash Flow$4.58 per share
Book Value$26.30 per share

Profitability

Net Income$56.35 million

Miscellaneous

Employees3,363
Market Cap$575.85 million
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$21.25
+0.46 (+2.21 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Schnitzer Steel Industries (NASDAQ:SCHN) Frequently Asked Questions

How has Schnitzer Steel Industries' stock price been impacted by COVID-19 (Coronavirus)?

Schnitzer Steel Industries' stock was trading at $13.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SCHN shares have increased by 54.5% and is now trading at $21.25.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

When is Schnitzer Steel Industries' next earnings date?

Schnitzer Steel Industries is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Schnitzer Steel Industries
.

How were Schnitzer Steel Industries' earnings last quarter?

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) issued its quarterly earnings data on Wednesday, July, 1st. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.13) by $0.18. The basic materials company earned $402.68 million during the quarter, compared to analysts' expectations of $368.60 million. Schnitzer Steel Industries had a net margin of 0.19% and a return on equity of 2.52%. During the same quarter last year, the business posted $0.63 EPS.
View Schnitzer Steel Industries' earnings history
.

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

Schnitzer Steel Industries announced a quarterly dividend on Friday, July 31st. Stockholders of record on Monday, August 10th will be given a dividend of $0.1875 per share on Monday, August 24th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, August 7th.
View Schnitzer Steel Industries' dividend history
.

What price target have analysts set for SCHN?

3 analysts have issued 12 month price objectives for Schnitzer Steel Industries' shares. Their forecasts range from $21.00 to $23.00. On average, they expect Schnitzer Steel Industries' share price to reach $22.33 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
View analysts' price targets for Schnitzer Steel Industries
.

Are investors shorting Schnitzer Steel Industries?

Schnitzer Steel Industries saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 756,600 shares, an increase of 9.1% from the July 30th total of 693,400 shares. Based on an average daily trading volume, of 267,200 shares, the short-interest ratio is presently 2.8 days. Approximately 3.0% of the shares of the company are short sold.
View Schnitzer Steel Industries' Short Interest
.

Who are some of Schnitzer Steel Industries' key competitors?

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 COMSCORE (SCOR), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), Costco Wholesale (COST), NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T), Target (TGT) and Advanced Micro Devices (AMD).

Who are Schnitzer Steel Industries' key executives?

Schnitzer Steel Industries' management team includes the following people:
  • Ms. Tamara L. Adler Lundgren J.D., Pres, CEO & Director (Age 61)
  • Mr. Richard D. Peach, Sr. VP, CFO & Chief of Corp. Operations (Age 55)
  • Mr. Jeffrey Dyck, Sr. VP and Co-Pres of Cascade Steel & Scrap (Age 56)
  • Mr. Michael R. Henderson, Sr. VP and Co-Pres of Auto, Metals Recycling Bus., Cascade Steel & Scrap (Age 60)
  • Mr. Steven G. Heiskell, Sr. VP and Co-Pres of Auto & Metals Recycling Bus. (Age 50)

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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.85%), Bank of New York Mellon Corp (3.65%), FIL Ltd (2.76%), LSV Asset Management (2.68%), Charles Schwab Investment Management Inc. (1.81%) and Heartland Advisors Inc. (1.29%). Company insiders that own Schnitzer Steel Industries stock include Jeffery Dyck, Peter B Saba, Richard Peach, Robert Garrett Smith, Stefano R Gaggini and Steven Heiskell.
View institutional ownership trends for Schnitzer Steel Industries
.

Which major investors are selling Schnitzer Steel Industries stock?

SCHN stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., LSV Asset Management, Vanguard Group Inc., Charles Schwab Investment Management Inc., Prudential Financial Inc., AQR Capital Management LLC, Lesa Sroufe & Co, and Zurcher Kantonalbank Zurich Cantonalbank. Company insiders that have sold Schnitzer Steel Industries company stock in the last year include Peter B Saba, Richard Peach, and Robert Garrett Smith.
View insider buying and selling activity for Schnitzer Steel Industries
.

Which major investors are buying Schnitzer Steel Industries stock?

SCHN stock was bought by a variety of institutional investors in the last quarter, including FIL Ltd, Alberta Investment Management Corp, Engineers Gate Manager LP, Bank of Montreal Can, Alpha Windward LLC, Nuveen Asset Management LLC, Stevard LLC, and Mackay Shields LLC.
View insider buying and selling activity for Schnitzer Steel Industries
.

How do I buy shares of 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.

What is Schnitzer Steel Industries' stock price today?

One share of SCHN stock can currently be purchased for approximately $21.25.

How big of a company is Schnitzer Steel Industries?

Schnitzer Steel Industries has a market capitalization of $575.85 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.

What is Schnitzer Steel Industries' official website?

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

How can I contact Schnitzer Steel Industries?

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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