$0.70 EPS Expected for Schnitzer Steel Industries, Inc. (SCHN)

March 14, 2018 - By Richard Conner

 $0.70 EPS Expected for Schnitzer Steel Industries, Inc. (SCHN)
Investors sentiment increased to 1.1 in Q3 2017. Its up 0.11, from 0.99 in 2017Q2. It is positive, as 15 investors sold Schnitzer Steel Industries, Inc. shares while 54 reduced holdings. 40 funds opened positions while 36 raised stakes. 23.36 million shares or 3.78% more from 22.51 million shares in 2017Q2 were reported.
Tiedemann Wealth Limited Liability Co invested in 7,927 shares or 0.03% of the stock. Dimensional Fund Advisors L P invested 0.03% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). C M Bidwell And invested in 0.27% or 6,185 shares. Barrow Hanley Mewhinney And Strauss Limited Liability Company, a Texas-based fund reported 36,230 shares. Qs Limited Co reported 4,230 shares. Bank Of Montreal Can owns 10,291 shares for 0% of their portfolio. Voya Investment Ltd invested in 0% or 13,288 shares. Citigroup reported 0% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Matarin Cap Mngmt Ltd invested in 375,028 shares. Aperio Group Ltd Liability accumulated 99,812 shares or 0.02% of the stock. Shufro Rose Limited Liability Corporation invested in 0.22% or 78,200 shares. Convergence Investment Prtnrs Ltd Liability stated it has 0.11% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Aqr Capital Mgmt Ltd Liability Com, Connecticut-based fund reported 22,748 shares. Lesa Sroufe & has 2.79% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 113,155 shares. Wells Fargo And Mn invested in 0% or 422,533 shares.

Analysts expect Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) to report $0.70 EPS on April, 5.They anticipate $0.33 EPS change or 89.19 % from last quarter’s $0.37 EPS. SCHN’s profit would be $18.46 million giving it 13.00 P/E if the $0.70 EPS is correct. After having $0.63 EPS previously, Schnitzer Steel Industries, Inc.’s analysts see 11.11 % EPS growth. The stock decreased 1.22% or $0.45 during the last trading session, reaching $36.4. About 447,258 shares traded or 29.07% up from the average. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has risen 21.74% since March 14, 2017 and is uptrending. It has outperformed by 5.04% the S&P500.

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Ratings Coverage

Among 4 analysts covering Schnitzer Steel Industries (NASDAQ:SCHN), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Schnitzer Steel Industries had 6 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, October 31. The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has “Buy” rating given on Wednesday, August 12 by Zacks. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, November 24. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with “Hold”. The rating was maintained by Jefferies on Wednesday, September 16 with “Buy”.

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and makes finished steel products worldwide. The company has market cap of $959.92 million. It operates through two divisions, Auto and Metals Recycling and Steel Manufacturing Business (SMB). It has a 16.1 P/E ratio. The AMR segment buys, collects, processes, recycles, sells, and brokers scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

More important recent Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) news were published by: Nasdaq.com which released: “Schnitzer Steel Industries, Inc. (SCHN) Ex-Dividend Date Scheduled for …” on November 09, 2017, also Seekingalpha.com published article titled: “Schnitzer Steel Industries’ (SCHN) CEO Tamara Lundgren on Q1 2018 Results …”, Businesswire.com published: “Schnitzer Board Announces a New Independent Director” on October 27, 2017. More interesting news about Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) was released by: Nasdaq.com and their article: “Schnitzer Steel Industries, Inc. (SCHN) Ex-Dividend Date Scheduled for …” with publication date: February 08, 2018.

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