Radius Recycling (RDUS) Scheduled to Post Earnings on Tuesday

Radius Recycling (NASDAQ:RDUS) will release its earnings data before the market opens on Tuesday, July 2nd. Analysts expect Radius Recycling to post earnings of ($0.87) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings data on Thursday, April 4th. The basic materials company reported ($1.04) earnings per share for the quarter, beating the consensus estimate of ($1.09) by $0.05. The firm had revenue of $621.06 million during the quarter, compared to analysts’ expectations of $626.35 million. Radius Recycling had a negative return on equity of 1.73% and a negative net margin of 2.28%. The company’s quarterly revenue was down 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. On average, analysts expect Radius Recycling to post $-3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Radius Recycling Price Performance

Shares of NASDAQ RDUS opened at $15.27 on Friday. The stock has a market capitalization of $427.29 million, a PE ratio of -6.70 and a beta of 1.63. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. The business has a fifty day moving average price of $16.96 and a two-hundred day moving average price of $21.46. Radius Recycling has a fifty-two week low of $14.03 and a fifty-two week high of $36.64.

Radius Recycling Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 22nd were issued a $0.1875 dividend. The ex-dividend date was Friday, April 19th. This represents a $0.75 annualized dividend and a yield of 4.91%. Radius Recycling’s dividend payout ratio is presently -32.89%.

Analysts Set New Price Targets

RDUS has been the topic of several recent analyst reports. Seaport Res Ptn upgraded Radius Recycling from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 30th. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd.

About Radius Recycling

Radius Recycling, 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.