Radius Recycling (RDUS) Projected to Post Quarterly Earnings on Thursday

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

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

Radius Recycling Price Performance

Shares of NASDAQ RDUS traded down $0.10 during trading hours on Friday, reaching $28.98. 983,314 shares of the stock traded hands, compared to its average volume of 318,774. The company has a market capitalization of $815.93 million, a P/E ratio of -2.89 and a beta of 1.67. Radius Recycling has a 52-week low of $10.57 and a 52-week high of $29.18. The company's 50-day simple moving average is $16.46 and its two-hundred day simple moving average is $16.91. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75.

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 dividend yield of 2.59%. Radius Recycling's dividend payout ratio (DPR) is -7.49%.

Wall Street Analysts Forecast Growth

RDUS has been the subject of a number of recent research reports. The Goldman Sachs Group assumed coverage on Radius Recycling in a research note on Monday, December 2nd. They issued a "neutral" rating and a $22.00 target price for the company. StockNews.com assumed coverage on Radius Recycling in a research report on Tuesday, March 25th. They issued a "sell" rating for the company.

Radius Recycling Company Profile

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.