Schnitzer Steel Industries, Inc. (SCHN) EPS Estimated At $0.52

December 8, 2017 - By Linda Rogers

 Schnitzer Steel Industries, Inc. (SCHN) EPS Estimated At $0.52
Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.08, from 1.07 in 2017Q1. It turned negative, as 24 investors sold Schnitzer Steel Industries, Inc. shares while 44 reduced holdings. 28 funds opened positions while 39 raised stakes. 22.51 million shares or 0.15% more from 22.48 million shares in 2017Q1 were reported.
Morgan Stanley has invested 0.01% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Citigroup, New York-based fund reported 45,923 shares. Aperio Gp Limited Liability Company holds 0.01% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 93,768 shares. Gradient Investments Lc owns 200 shares. Art Advsr Limited Liability Corp reported 46,100 shares or 0.06% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 5,699 shares. Acadian Asset Management Limited Com has 68,953 shares for 0.01% of their portfolio. Van Eck Associate Corp reported 68,469 shares. State Board Of Administration Of Florida Retirement Systems invested in 22,093 shares or 0% of the stock. Tower Cap Limited Liability Corporation (Trc) has 872 shares for 0% of their portfolio. Orca Management Limited Company, Oregon-based fund reported 147,581 shares. Amer Intll Gp reported 16,410 shares. Citadel Limited Liability Corporation owns 421,101 shares. C M Bidwell Assoc Ltd has invested 0.01% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). 100,000 were reported by Tocqueville Asset Mngmt L P.

Analysts expect Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) to report $0.52 EPS on January, 4.They anticipate $0.55 EPS change or 1,833.33 % from last quarter’s $-0.03 EPS. SCHN’s profit would be $13.64 million giving it 13.87 P/E if the $0.52 EPS is correct. After having $0.63 EPS previously, Schnitzer Steel Industries, Inc.’s analysts see -17.46 % EPS growth. The stock increased 0.87% or $0.25 during the last trading session, reaching $28.85. About 229,300 shares traded. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has risen 21.74% since December 8, 2016 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. Morgan Stanley upgraded the shares of SCHN in report on Tuesday, November 24 to “Equal-Weight” rating. As per Wednesday, October 11, the company rating was maintained by KeyBanc Capital Markets. The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has “Equal-Weight” rating given on Tuesday, October 31 by Morgan Stanley. As per Wednesday, September 16, the company rating was maintained by Jefferies. The stock has “Buy” rating by Zacks on Wednesday, August 12.

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and makes finished steel products worldwide. The company has market cap of $756.65 million. It operates through two divisions, Auto and Metals Recycling and Steel Manufacturing Business (SMB). It has a 18.76 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: Seekingalpha.com which released: “Schnitzer Steel’s (SCHN) CEO Tamara Lundgren on Q4 2017 Results – Earnings …” on October 24, 2017, also Seekingalpha.com published article titled: “Schnitzer Steel Industries’ (SCHN) CEO Tamara Lundgren on Q2 2017 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: Seekingalpha.com and their article: “Schnitzer Steel’s (SCHN) CEO Tamara Lundgren on Q3 2017 Results – Earnings …” with publication date: June 26, 2017.

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