Radius Recycling (NASDAQ:RDUS) Posts Earnings Results, Misses Estimates By $0.67 EPS

Radius Recycling (NASDAQ:RDUS - Get Free Report) announced its quarterly earnings data on Tuesday. The basic materials company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.67), Zacks reports. The company had revenue of $656.54 million for the quarter, compared to analyst estimates of $665.90 million. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. Radius Recycling's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.64) EPS.

Radius Recycling Stock Up 0.1 %

Shares of RDUS stock traded up $0.02 on Tuesday, hitting $14.77. The stock had a trading volume of 321,320 shares, compared to its average volume of 225,505. Radius Recycling has a 12-month low of $12.69 and a 12-month high of $28.20. The stock has a market cap of $414.14 million, a price-to-earnings ratio of -1.58 and a beta of 1.64. The business has a 50 day moving average of $17.72 and a 200 day moving average of $16.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00.

Radius Recycling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date was Tuesday, November 12th. Radius Recycling's dividend payout ratio is -8.01%.

Wall Street Analysts Forecast Growth

RDUS has been the topic of a number of recent research reports. StockNews.com cut Radius Recycling from a "hold" rating to a "sell" rating in a report on Thursday, December 26th. The Goldman Sachs Group initiated coverage on shares of Radius Recycling in a research report on Monday, December 2nd. They set a "neutral" rating and a $22.00 target price for the company.

Insiders Place Their Bets

In related news, SVP Steven Heiskell sold 17,675 shares of Radius Recycling stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total transaction of $301,889.00. Following the sale, the senior vice president now directly owns 133,780 shares in the company, valued at approximately $2,284,962.40. This trade represents a 11.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.90% of the stock is currently owned by insiders.

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.