Schnitzer Steel Industries, Inc. (SCHN) EPS Estimated At $0.52

December 8, 2017 - By Max Morgan

 Schnitzer Steel Industries, Inc. (SCHN) EPS Estimated At $0.52
Investors sentiment decreased to 0.99 in Q2 2017. Its down 0.08, from 1.07 in 2017Q1. It turned negative, as 24 investors sold Schnitzer Steel Industries, Inc. shares while 44 reduced holdings. 28 funds opened positions while 39 raised stakes. 22.51 million shares or 0.15% more from 22.48 million shares in 2017Q1 were reported.
Robeco Institutional Asset Mgmt Bv holds 0.01% or 90,931 shares. The Minnesota-based Gradient Invests Ltd Liability Company has invested 0% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Pub Employees Retirement System Of Ohio, a Ohio-based fund reported 38,293 shares. 299,114 are owned by Ameriprise Financial. Barrow Hanley Mewhinney & Strauss Ltd Llc accumulated 36,230 shares. Victory Capital Management stated it has 65,288 shares. 711,995 are held by Heartland Advsrs. Tiaa Cref Invest Management Ltd Liability Company owns 189,760 shares. Susquehanna Intl Gp Llp reported 46,248 shares stake. Acadian Asset Ltd Company accumulated 68,953 shares. Vanguard Group Inc reported 2.31 million shares. Credit Suisse Ag stated it has 0% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). 40,557 were accumulated by D E Shaw. Manufacturers Life Company The accumulated 21,261 shares. Renaissance Technologies Limited Com owns 157,800 shares or 0.01% of their US portfolio.

Analysts expect Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) to report $0.52 EPS on January, 4.They anticipate $0.55 EPS change or 1,833.33 % from last quarter’s $-0.03 EPS. SCHN’s profit would be $13.64 million giving it 13.87 P/E if the $0.52 EPS is correct. After having $0.63 EPS previously, Schnitzer Steel Industries, Inc.’s analysts see -17.46 % EPS growth. The stock increased 0.87% or $0.25 during the last trading session, reaching $28.85. About 229,300 shares traded. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has risen 21.74% since December 8, 2016 and is uptrending. It has outperformed by 5.04% the S&P500.

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Ratings Coverage

Among 4 analysts covering Schnitzer Steel Industries (NASDAQ:SCHN), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Schnitzer Steel Industries had 6 analyst reports since August 12, 2015 according to SRatingsIntel. Zacks downgraded the stock to “Buy” rating in Wednesday, August 12 report. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, October 11 report. The rating was maintained by Jefferies with “Buy” on Wednesday, September 16. The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, November 24. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, October 31.

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and makes finished steel products worldwide. The company has market cap of $756.65 million. It operates through two divisions, Auto and Metals Recycling and Steel Manufacturing Business (SMB). It has a 18.76 P/E ratio. The AMR segment buys, collects, processes, recycles, sells, and brokers scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

More important recent Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) news were published by: Seekingalpha.com which released: “Schnitzer Steel’s (SCHN) CEO Tamara Lundgren on Q3 2017 Results – Earnings …” on June 26, 2017, also Businesswire.com published article titled: “Schnitzer Board Announces a New Independent Director”, Seekingalpha.com published: “Schnitzer Steel’s (SCHN) CEO Tamara Lundgren on Q4 2017 Results – Earnings …” on October 24, 2017. More interesting news about Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) was released by: Seekingalpha.com and their article: “Schnitzer Steel Industries’ (SCHN) CEO Tamara Lundgren on Q2 2017 Results …” with publication date: April 06, 2017.

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