Schnitzer Steel Industries - SCHN Stock Forecast, Price & News

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

2 Wall Street research analysts have issued 12-month price targets for Schnitzer Steel Industries' stock. Their SCHN share price forecasts range from $39.00 to $62.00. On average, they anticipate the company's stock price to reach $50.50 in the next year. 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.

Schnitzer Steel Industries' stock was trading at $30.65 at the beginning of the year. Since then, SCHN shares have increased by 11.7% and is now trading at $34.24.
View the best growth stocks for 2023 here.

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

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) posted its earnings results on Thursday, January, 5th. The basic materials company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.01. The basic materials company earned $598.73 million during the quarter, compared to analyst estimates of $624.40 million. Schnitzer Steel Industries had a trailing twelve-month return on equity of 12.75% and a net margin of 3.19%.

Schnitzer Steel Industries declared a quarterly dividend on Thursday, January 5th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.1875 per share on Tuesday, February 14th. This represents a $0.75 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Monday, January 30th.
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 2.17%. The dividend payout ratio is 21.37%. 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 issued an update on its first quarter 2023 earnings guidance on Monday, December, 19th. The company provided EPS guidance of -$0.49--$0.44 for the period, compared to the consensus earnings per share estimate of -$0.17. 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 variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.84%), Pendal Group Ltd (0.32%), Green Alpha Advisors LLC (0.14%) and Strs Ohio (0.04%). 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.

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.

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

Schnitzer Steel Industries (NASDAQ:SCHN) has a market capitalization of $922.67 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 $3.51 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.