Radius Recycling (NASDAQ:RDUS) Posts Earnings Results, Beats Expectations By $0.18 EPS

Radius Recycling (NASDAQ:RDUS) issued its quarterly earnings data on Thursday. The basic materials company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.18, Briefing.com reports. The firm had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. Radius Recycling had a negative net margin of 10.28% and a negative return on equity of 5.89%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share.

Radius Recycling Trading Down 4.0 %

RDUS traded down $0.66 during midday trading on Thursday, hitting $15.98. 70,762 shares of the company’s stock traded hands, compared to its average volume of 222,242. The stock’s fifty day simple moving average is $16.58 and its 200-day simple moving average is $16.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. Radius Recycling has a one year low of $12.69 and a one year high of $31.70.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Radius Recycling from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th.

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.