Schnitzer Steel Industries - SCHN Stock Forecast, Price & News

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

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.

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.

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 -.

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 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.
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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 $34.24.

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.

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.