Schnitzer Metal Industries (NASDAQ:SCHN) Releases This autumn 2022 Earnings Steerage
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Schnitzer Metal Industries (NASDAQ:SCHN) Releases This autumn 2022 Earnings Steerage

Schnitzer Metal Industries (NASDAQ:SCHN – Get Score) issued an replace on its fourth quarter 2022 earnings steering on Thursday morning. The corporate offered earnings per share steering of $0.42-$0.47 for the interval, in comparison with the consensus EPS estimate of $0.90. The corporate issued income steering of -. Schnitzer Metal Industries additionally up to date its FY 2022 steering to $6.00-$6.05 EPS.

Analyst Upgrades and Downgrades

A number of analysis analysts have commented on the inventory. StockNews.com started protection on shares of Schnitzer Metal Industries in a report on Wednesday, October twelfth. They set a maintain score for the corporate. The Goldman Sachs Group decreased their worth goal on shares of Schnitzer Metal Industries from $45.00 to $39.00 and set a purchase score for the corporate in a analysis report on Thursday, October sixth.

Schnitzer Metal Industries Buying and selling Down 2.6 %

Shares of SCHN opened at $28.62 on Thursday. Schnitzer Metal Industries has a 1-year low of $27.00 and a 1-year excessive of $59.70. The inventory has a market cap of $785.62 million, a price-to-earnings ratio of 4.23 and a beta of 1.52. The agency has a 50 day easy transferring common of $32.15 and a 200-day easy transferring common of $37.16. The corporate has a debt-to-equity ratio of 0.33, a present ratio of two.07 and a fast ratio of 0.91.

Hedge Funds Weigh In On Schnitzer Metal Industries

Hedge funds have just lately made modifications to their positions within the inventory. Dimensional Fund Advisors LP boosted its holdings in Schnitzer Metal Industries by 0.3% within the first quarter. Dimensional Fund Advisors LP now owns 2,091,526 shares of the fundamental supplies firm’s inventory valued at $108,635,000 after buying an extra 5,376 shares over the past quarter. State Road Corp elevated its place in Schnitzer Metal Industries by 36.2% through the 1st quarter. State Road Corp now owns 1,521,234 shares of the fundamental supplies firm’s inventory price $79,013,000 after buying an extra 404,669 shares within the final quarter. JPMorgan Chase & Co. raised its holdings in Schnitzer Metal Industries by 22.0% within the first quarter. JPMorgan Chase & Co. now owns 291,675 shares of the fundamental supplies firm’s inventory valued at $15,150,000 after shopping for an extra 52,677 shares through the interval. Allianz Asset Administration GmbH lifted its place in Schnitzer Metal Industries by 1,855.0% through the first quarter. Allianz Asset Administration GmbH now owns 161,935 shares of the fundamental supplies firm’s inventory valued at $8,411,000 after shopping for an extra 153,652 shares within the final quarter. Lastly, Goldman Sachs Group Inc. grew its stake in Schnitzer Metal Industries by 268.1% through the second quarter. Goldman Sachs Group Inc. now owns 136,761 shares of the fundamental supplies firm’s inventory price $4,491,000 after shopping for an extra 99,607 shares through the interval. Institutional traders and hedge funds personal 83.55% of the corporate’s inventory.

About Schnitzer Metal Industries

(Get Score)

Schnitzer Metal Industries, Inc recycles ferrous and nonferrous metallic, and manufactures completed metal merchandise worldwide. The corporate acquires, processes, and recycles salvaged autos, rail automobiles, house home equipment, industrial equipment, manufacturing scrap, and development and demolition scrap. It affords recycled ferrous metallic, a feedstock used within the manufacturing of completed metal merchandise; and nonferrous merchandise, together with combined metallic joint merchandise recovered from the shredding course of, comparable to zorba, zurik, aluminum, copper, stainless-steel, nickel, brass, titanium, lead, and excessive temperature alloys.

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Earnings History and Estimates for Schnitzer Steel Industries (NASDAQ:SCHN)

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