Radius Recycling (NASDAQ:RDUS) Announces Earnings Results, Beats Estimates By $0.09 EPS

Radius Recycling (NASDAQ:RDUS - Get Free Report) released its quarterly earnings results on Friday. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.08) by $0.09, Zacks reports. The firm had revenue of $642.51 million during the quarter, compared to analyst estimates of $635.94 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%.

Radius Recycling Stock Performance

Shares of NASDAQ RDUS traded up $0.29 during mid-day trading on Wednesday, reaching $28.82. 924,399 shares of the company's stock were exchanged, compared to its average volume of 358,352. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The firm has a market capitalization of $811.46 million, a price-to-earnings ratio of -2.87 and a beta of 1.07. Radius Recycling has a 52 week low of $10.57 and a 52 week high of $29.20. The firm has a 50-day moving average price of $19.04 and a two-hundred day moving average price of $17.59.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 21st will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.75 annualized dividend and a dividend yield of 2.60%. Radius Recycling's payout ratio is -7.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Radius Recycling in a research report on Wednesday, April 2nd. They set a "sell" rating on the stock.

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About Radius Recycling

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.