Sims Metal Management (SMSMY) Expected to Post Earnings on Tuesday

Sims Metal Management (OTCMKTS:SMSMY) is expected to issue its results before the market opens on Tuesday, August 18th. Analysts expect the company to announce earnings of $0.7270 per share and revenue of $3.1885 billion for the quarter.

Sims Metal Management Price Performance

Shares of SMSMY opened at $18.70 on Tuesday. The business’s 50-day moving average is $18.69 and its two-hundred day moving average is $16.06. Sims Metal Management has a fifty-two week low of $8.16 and a fifty-two week high of $21.35. The company has a quick ratio of 0.95, a current ratio of 1.51 and a debt-to-equity ratio of 0.17.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SMSMY. Zacks Research raised Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Jefferies Financial Group raised Sims Metal Management from a “moderate sell” rating to a “hold” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Sims Metal Management Company Profile

Sims Metal Management, trading over-the-counter under the symbol SMSMY, is the global metal recycling division of Sims Limited. Established in the early 20th century, the company has grown into one of the world’s leading recyclers of ferrous and non-ferrous metals. It serves a diverse customer base, including steel mills, foundries, manufacturers and fabricators, by collecting, processing and trading scrap metal commodities.

The company’s core activities encompass the sourcing and processing of end-of-life metal products.