Radius Recycling (RDUS) Projected to Post Quarterly Earnings on Thursday

Radius Recycling (NASDAQ:RDUS) is expected to be releasing its earnings data before the market opens on Thursday, April 3rd. Analysts expect Radius Recycling to post earnings of ($1.08) per share and revenue of $635.94 million for the quarter.

Radius Recycling (NASDAQ:RDUS) last posted its earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). The business had revenue of $656.54 million during the quarter, compared to analysts’ expectations of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business posted ($0.64) earnings per share.

Radius Recycling Price Performance

NASDAQ:RDUS opened at $29.10 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. Radius Recycling has a 1 year low of $10.57 and a 1 year high of $29.16. The firm has a market capitalization of $819.31 million, a price-to-earnings ratio of -2.90 and a beta of 1.67. The business has a 50 day simple moving average of $15.79 and a 200-day simple moving average of $16.70.

Radius Recycling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.1875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.58%. Radius Recycling’s payout ratio is -7.49%.

Analyst Ratings Changes

Several research firms have commented on RDUS. The Goldman Sachs Group began coverage on Radius Recycling in a report on Monday, December 2nd. They set a “neutral” rating and a $22.00 price objective on the stock. StockNews.com started coverage on Radius Recycling in a research note on Tuesday. They issued a “sell” rating for the company.

Radius Recycling Company Profile

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.