Radius Recycling (NASDAQ:RDUS) Announces Earnings Results

Radius Recycling (NASDAQ:RDUS) issued its earnings results on Tuesday. The basic materials company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67), Zacks reports. The company had revenue of $656.54 million during 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%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.64) earnings per share.

Radius Recycling Price Performance

Shares of NASDAQ RDUS opened at $11.41 on Thursday. The stock has a market cap of $319.92 million, a P/E ratio of -1.22 and a beta of 1.64. The firm’s 50-day simple moving average is $17.72 and its 200 day simple moving average is $16.79. Radius Recycling has a fifty-two week low of $10.57 and a fifty-two week high of $28.02. The company has a quick ratio of 1.00, a current ratio of 1.92 and a debt-to-equity ratio of 0.65.

Radius Recycling Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.75 annualized dividend and a dividend yield of 6.57%. Radius Recycling’s payout ratio is -8.01%.

Insider Buying and Selling at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the 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 completion of the transaction, the senior vice president now directly owns 133,780 shares of the company’s stock, valued at approximately $2,284,962.40. This trade represents a 11.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RDUS shares. The Goldman Sachs Group began coverage on Radius Recycling in a research note on Monday, December 2nd. They set a “neutral” rating and a $22.00 price objective for the company. StockNews.com cut shares of Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th.

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.