Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $27.00.

A number of analysts recently issued reports on the company. Cowen reiterated a “market perform” rating and issued a $25.00 price target (up previously from $24.00) on shares of Schnitzer Steel Industries in a report on Tuesday, June 25th. Zacks Investment Research lowered Schnitzer Steel Industries from a “hold” rating to a “sell” rating in a report on Friday, August 30th. BidaskClub upgraded Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a report on Thursday. Finally, ValuEngine lowered Schnitzer Steel Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 10th.

Shares of NASDAQ SCHN traded up $0.63 during trading hours on Friday, reaching $25.28. The stock had a trading volume of 3,469 shares, compared to its average volume of 157,464. The company has a current ratio of 2.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. The firm has a market cap of $635.44 million, a price-to-earnings ratio of 4.68 and a beta of 1.50. The business’s fifty day moving average price is $23.97 and its two-hundred day moving average price is $24.04. Schnitzer Steel Industries has a 52-week low of $20.94 and a 52-week high of $28.90.

Schnitzer Steel Industries (NASDAQ:SCHN) last announced its quarterly earnings results on Wednesday, June 26th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $547.00 million during the quarter, compared to analyst estimates of $542.24 million. Schnitzer Steel Industries had a return on equity of 15.72% and a net margin of 4.63%. Schnitzer Steel Industries’s quarterly revenue was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Equities research analysts anticipate that Schnitzer Steel Industries will post 2.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, August 12th. Schnitzer Steel Industries’s dividend payout ratio (DPR) is 13.91%.

A number of large investors have recently modified their holdings of SCHN. CoreCommodity Management LLC increased its position in shares of Schnitzer Steel Industries by 2.3% during the second quarter. CoreCommodity Management LLC now owns 24,185 shares of the basic materials company’s stock worth $633,000 after purchasing an additional 542 shares in the last quarter. Hancock Whitney Corp increased its position in shares of Schnitzer Steel Industries by 2.3% during the second quarter. Hancock Whitney Corp now owns 25,314 shares of the basic materials company’s stock worth $662,000 after purchasing an additional 573 shares in the last quarter. Bank of Montreal Can increased its position in shares of Schnitzer Steel Industries by 20.2% during the first quarter. Bank of Montreal Can now owns 8,866 shares of the basic materials company’s stock worth $213,000 after purchasing an additional 1,493 shares in the last quarter. Hillcrest Asset Management LLC increased its position in shares of Schnitzer Steel Industries by 0.6% during the second quarter. Hillcrest Asset Management LLC now owns 255,601 shares of the basic materials company’s stock worth $6,689,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Schnitzer Steel Industries by 3.3% during the second quarter. Swiss National Bank now owns 49,900 shares of the basic materials company’s stock worth $1,306,000 after purchasing an additional 1,600 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

About Schnitzer Steel Industries

Schnitzer Steel Industries, Inc recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates through two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

Further Reading: What is a back-end load?

Receive News & Ratings for Schnitzer Steel Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schnitzer Steel Industries and related companies with MarketBeat.com's FREE daily email newsletter.