Radius Recycling (NASDAQ:RDUS - Get Free Report) issued its quarterly earnings results on Thursday. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.59) by $0.18, Briefing.com reports. The company had revenue of $771.00 million during the quarter, compared to analysts' expectations of $680.80 million. Radius Recycling had a negative net margin of 10.28% and a negative return on equity of 5.89%. Radius Recycling's revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS.
Radius Recycling Trading Down 1.8 %
Shares of NASDAQ:RDUS traded down $0.30 on Thursday, hitting $16.34. 170,490 shares of the company traded hands, compared to its average volume of 222,726. The stock has a 50 day simple moving average of $16.58 and a 200-day simple moving average of $16.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. Radius Recycling has a 52 week low of $12.69 and a 52 week high of $31.70.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Radius Recycling from a "sell" rating to a "hold" rating in a report on Thursday, October 17th.
View Our Latest Stock Report on RDUS
Radius Recycling Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Radius Recycling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Radius Recycling wasn't on the list.
While Radius Recycling currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
