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NASDAQ:SCHNSchnitzer Steel Industries Stock Price, Forecast & News

$11.87
-0.87 (-6.83 %)
(As of 04/5/2020 04:00 PM ET)
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Today's Range
$11.57
Now: $11.87
$12.98
50-Day Range
$11.21
MA: $14.86
$17.98
52-Week Range
$10.09
Now: $11.87
$27.47
Volume299,993 shs
Average Volume304,496 shs
Market Capitalization$316.57 million
P/E Ratio13.96
Dividend Yield5.89%
Beta1.36
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: 2.8Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.17 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.13 billion
Cash Flow$4.01 per share
Book Value$26.30 per share

Profitability

Net Income$56.35 million

Miscellaneous

Employees3,363
Market Cap$316.57 million
Next Earnings Date6/24/2020 (Estimated)
OptionableOptionable

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Schnitzer Steel Industries (NASDAQ:SCHN) Frequently Asked Questions

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

Schnitzer Steel Industries' stock was trading at $13.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SCHN stock has decreased by 13.7% and is now trading at $11.87. View which stocks have been mosted impacted by Coronavirus.

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 Wednesday, June 24th 2020. View our earnings forecast for Schnitzer Steel Industries.

How were Schnitzer Steel Industries' earnings last quarter?

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) posted its earnings results on Thursday, April, 2nd. The basic materials company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The basic materials company had revenue of $439 million for the quarter, compared to analysts' expectations of $418.41 million. Schnitzer Steel Industries had a net margin of 1.24% and a return on equity of 4.94%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the company earned $0.48 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 declared 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 6.32%. The ex-dividend date is Friday, February 7th. View Schnitzer Steel Industries' dividend history.

What price target have analysts set for SCHN?

3 brokers have issued 1-year target prices for Schnitzer Steel Industries' shares. 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 88.1% from the stock's current price. View analysts' price targets for Schnitzer Steel Industries.

Has Schnitzer Steel Industries been receiving favorable news coverage?

News coverage about SCHN stock has trended very negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Schnitzer Steel Industries earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave headlines about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutSchnitzer Steel Industries.

Are investors shorting Schnitzer Steel Industries?

Schnitzer Steel Industries saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,243,000 shares, an increase of 18.4% from the February 27th total of 1,050,000 shares. Based on an average trading volume of 211,400 shares, the days-to-cover ratio is presently 5.9 days. Currently, 4.9% of the company's stock are sold short. View Schnitzer Steel Industries' Current Options Chain.

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), Walt Disney (DIS), AT&T (T), Valero Energy (VLO), AK Steel (AKS), Bank of America (BAC), Vale (VALE) and Costco Wholesale (COST).

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."

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 $11.87.

How big of a company is Schnitzer Steel Industries?

Schnitzer Steel Industries has a market capitalization of $316.57 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.

What is Schnitzer Steel Industries' official website?

The official website for Schnitzer Steel Industries is http://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 4/5/2020 by MarketBeat.com Staff

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