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NASDAQ:SCHN

Schnitzer Steel Industries - SCHN Stock Forecast, Price & News

$36.45
+0.54 (+1.50%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$36.27
$37.30
50-Day Range
$30.61
$44.40
52-Week Range
$29.79
$59.70
Volume
107,600 shs
Average Volume
302,399 shs
Market Capitalization
$1.00 billion
P/E Ratio
5.38
Dividend Yield
2.09%
Price Target
$54.50

Schnitzer Steel Industries MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
49.5% Upside
$54.50 Price Target
Short Interest
Healthy
2.64% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.02
Upright™ Environmental Score
News Sentiment
0.71mentions of Schnitzer Steel Industries in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$61,700 Bought Last Quarter
Proj. Earnings Growth
-37.79%
From $6.43 to $4.00 Per Share

Overall MarketRank

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

2.86 out of 5 stars

Basic Materials Sector

20th out of 172 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 50 self-service auto parts stores in the United States and Western Canada, as well as sells auto bodies. 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; ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors; and finished steel customers are primarily 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.

Schnitzer Steel Industries Price Performance

Shares of Schnitzer Steel Industries stock opened at $35.91 on Thursday. The stock has a market capitalization of $985.62 million, a P/E ratio of 5.30 and a beta of 1.52. Schnitzer Steel Industries has a one year low of $29.79 and a one year high of $59.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 0.91. The business's 50 day simple moving average is $35.25 and its two-hundred day simple moving average is $41.77.

Schnitzer Steel Industries (NASDAQ:SCHN - Get Rating) last posted its quarterly earnings results on Wednesday, June 29th. The basic materials company reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.29. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $903.48 million. Schnitzer Steel Industries had a net margin of 5.85% and a return on equity of 24.41%. The firm's revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.20 EPS. Analysts forecast that Schnitzer Steel Industries will post 6.43 EPS for the current year.

Schnitzer Steel Industries Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, July 8th. Investors of record on Monday, July 11th were issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Friday, July 8th. Schnitzer Steel Industries's dividend payout ratio is presently 11.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group cut their price objective on Schnitzer Steel Industries from $63.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, May 31st. StockNews.com lowered Schnitzer Steel Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 27th. Finally, KeyCorp lifted their price target on shares of Schnitzer Steel Industries from $59.00 to $62.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 20th.

Insider Buying and Selling at Schnitzer Steel Industries

In related news, Director Wayland R. Hicks purchased 2,000 shares of the business's stock in a transaction that occurred on Wednesday, July 6th. The shares were acquired at an average price of $30.85 per share, for a total transaction of $61,700.00. Following the completion of the acquisition, the director now directly owns 7,600 shares in the company, valued at approximately $234,460. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.20% of the stock is currently owned by corporate insiders.

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SCHN Stock News Headlines

Friday 7/8 Insider Buying Report: SCHN
Schnitzer Steel shares advance on earnings
4 Analysts Have This to Say About Schnitzer Steel Indus
See More Headlines
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SCHN Company Calendar

Last Earnings
6/29/2022
Ex-Dividend for 7/8 Dividend
7/08/2022
Dividend Payable
7/08/2022
Ex-Dividend for 7/25 Dividend
7/08/2022
Dividend Payable
7/25/2022
Today
8/11/2022
Fiscal Year End
8/31/2022
Next Earnings (Estimated)
10/20/2022

Industry, Sector and Symbol

Industry
Miscellaneous durable goods
Sub-Industry
Steel
Current Symbol
NASDAQ:SCHN
CUSIP
80688210
Employees
3,167
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$54.50
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+49.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$165.11 million
Pretax Margin
7.40%

Debt

Sales & Book Value

Annual Sales
$2.76 billion
Cash Flow
$8.93 per share
Book Value
$30.50 per share

Miscellaneous

Free Float
25,745,000
Market Cap
$1.00 billion
Optionable
Optionable
Beta
1.52














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 2022?

2 analysts have issued 1-year price objectives for Schnitzer Steel Industries' shares. Their SCHN share price forecasts range from $47.00 to $62.00. On average, they anticipate the company's stock price to reach $54.50 in the next year. This suggests a possible upside of 48.5% 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 29.3% and is now trading at $36.70.
View the best growth stocks for 2022 here
.

When is Schnitzer Steel Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our SCHN earnings forecast
.

How were Schnitzer Steel Industries' earnings last quarter?

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) released its quarterly earnings results on Wednesday, June, 29th. The basic materials company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.29. The basic materials company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $903.48 million. Schnitzer Steel Industries had a net margin of 5.85% and a trailing twelve-month return on equity of 24.41%. The company's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 earnings per share.

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

Schnitzer Steel Industries announced a dividend on Wednesday, June 29th. Stockholders of record on Monday, July 11th will be paid a dividend of $0.1875 per share on Friday, July 8th. The ex-dividend date is Friday, July 8th.
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 2.13%. The dividend payout ratio is 11.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCHN will have a dividend payout ratio of 18.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCHN.

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 institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (1.11%), Bornite Capital Management LP (1.09%), Bornite Capital Management LP (1.09%), Kennedy Capital Management Inc. (0.56%), Allspring Global Investments Holdings LLC (0.42%) and Nia Impact Advisors LLC (0.37%). Insiders that own company stock include John D Carter, Michael R Henderson, Peter B Saba, Richard Peach, Robert Garrett Smith, 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 $36.70.

How much money does Schnitzer Steel Industries make?

Schnitzer Steel Industries (NASDAQ:SCHN) has a market capitalization of $1.01 billion and generates $2.76 billion in revenue each year. The basic materials company earns $165.11 million in net income (profit) each year or $6.77 on an earnings per share basis.

How many employees does Schnitzer Steel Industries have?

The company employs 3,167 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 8/11/2022 by MarketBeat.com Staff

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