Schnitzer Steel Industries (SCHN) Earning Somewhat Positive Press Coverage, Analysis Shows

News stories about Schnitzer Steel Industries (NASDAQ:SCHN) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Schnitzer Steel Industries earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 47.547126341918 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

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Several research firms have recently commented on SCHN. Zacks Investment Research upgraded Schnitzer Steel Industries from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, March 22nd. ValuEngine upgraded Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub downgraded Schnitzer Steel Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, March 16th. Finally, Goldman Sachs began coverage on Schnitzer Steel Industries in a report on Tuesday, March 20th. They set a “buy” rating and a $42.00 price objective for the company. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $33.25.

Shares of Schnitzer Steel Industries stock opened at $31.40 on Tuesday. Schnitzer Steel Industries has a 12-month low of $17.50 and a 12-month high of $38.85. The firm has a market cap of $837.58, a P/E ratio of 20.52 and a beta of 1.41. The company has a quick ratio of 1.25, a current ratio of 2.42 and a debt-to-equity ratio of 0.36.

Schnitzer Steel Industries (NASDAQ:SCHN) last announced its quarterly earnings results on Thursday, April 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.51. Schnitzer Steel Industries had a return on equity of 14.28% and a net margin of 4.68%. The business had revenue of $559.00 million during the quarter, compared to the consensus estimate of $507.82 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. Schnitzer Steel Industries’s revenue was up 46.3% compared to the same quarter last year. equities analysts anticipate that Schnitzer Steel Industries will post 3.39 EPS for the current year.

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Schnitzer Steel Industries Company Profile

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

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