Get Stock Quote Here Schnitzer Steel Industries, Inc. is an American steel manufacturing and scrap metal recyling company headquartered in Portland, Oregon. In 2004, the company was ranked fourth in The Seattle Times Northwest 100 list of public companies. In 2006, it was the tenth largest public company in Oregon by market capitalization. In 2014, Schnitzer ranked 803rd on the Fortune 1000 list of the largest companies in the United States.
Schnitzer Steel Industries, Inc. (SCHN) Announces Earnings Results, Misses Expectations By $0.14 EPS Schnitzer Steel Industries, Inc. (SCHN) issued its quarterly earnings data on Wednesday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.14,AnalystRatings.Net reports. The company had revenue of $289 million for the quarter, compared to analysts’ expectations of $325.01 million. In related news, Director John D. Carter sold 22,301 shares of the stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $13.00, for a total value of $289,913.00. Following the completion of the transaction, the director now directly owns 76,130 shares of the company’s stock, valued at $989,690. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Schnitzer Steel Industries (SCHN) opened at 18.58 on Wednesday. The firm’s market capitalization is $503.91 million. Schnitzer Steel Industries has a 1-year low of $11.70 and a 1-year high of $20.65. The company’s 50-day moving average is $16.56 and its 200 day moving average is $15.36. A number of analysts have weighed in on SCHN shares. DA Davidson reaffirmed a “hold” rating on shares of Schnitzer Steel Industries in a research report on Saturday. Zacks Investment Research raised Schnitzer Steel Industries from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Saturday, March 26th. Finally, TheStreet lowered Schnitzer Steel Industries to a “sell” rating in a report on Wednesday, January 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.43. Schnitzer Steel Industries, Inc (SCHN) is a recycler of ferrous and nonferrous scrap metal. The Company is recycler of used and salvaged vehicles and a manufacturer of finished steel products. The Company operates in three business segments: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB). LINK - http://www.sfhfm.org/schnitzer-stee...ings-results-misses-expectations-by-0-14-eps/
