Radius Recycling (RDUS) to Release Earnings on Thursday

Radius Recycling (NASDAQ:RDUS - Get Free Report) is expected to be releasing its earnings data before the market opens on Thursday, April 3rd. Analysts expect Radius Recycling to post earnings of ($1.08) per share and revenue of $635.94 million for the quarter.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The firm had revenue of $656.54 million for the quarter, compared to analyst estimates of $665.90 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The business's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.64) earnings per share.

Radius Recycling Price Performance

Radius Recycling stock traded down $0.10 during trading hours on Friday, hitting $28.98. The stock had a trading volume of 983,314 shares, compared to its average volume of 318,774. Radius Recycling has a 1-year low of $10.57 and a 1-year high of $29.18. The stock has a market capitalization of $815.93 million, a price-to-earnings ratio of -2.89 and a beta of 1.67. The stock's fifty day moving average is $16.46 and its two-hundred day moving average is $16.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97.

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Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.1875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a yield of 2.59%. Radius Recycling's payout ratio is -7.49%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RDUS shares. StockNews.com began coverage on shares of Radius Recycling in a report on Tuesday, March 25th. They issued a "sell" rating on the stock. The Goldman Sachs Group began coverage on Radius Recycling in a research note on Monday, December 2nd. They issued a "neutral" rating and a $22.00 target price on the stock.

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.