Radius Recycling (RDUS) Scheduled to Post Earnings on Tuesday

Radius Recycling (NASDAQ:RDUS) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, July 2nd. Analysts expect Radius Recycling to post earnings of ($0.87) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Radius Recycling (NASDAQ:RDUS) last posted its earnings results on Thursday, April 4th. The basic materials company reported ($1.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.05. Radius Recycling had a negative return on equity of 1.73% and a negative net margin of 2.28%. The firm had revenue of $621.06 million for the quarter, compared to the consensus estimate of $626.35 million. During the same quarter in the prior year, the business earned $0.14 EPS. The business’s revenue for the quarter was down 17.8% on a year-over-year basis. On average, analysts expect Radius Recycling to post $-3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Radius Recycling Stock Up 4.3 %

RDUS stock opened at $15.27 on Friday. Radius Recycling has a fifty-two week low of $14.03 and a fifty-two week high of $36.64. The business’s 50 day moving average price is $16.96 and its two-hundred day moving average price is $21.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The company has a market capitalization of $427.29 million, a price-to-earnings ratio of -6.70 and a beta of 1.63.

Radius Recycling Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Monday, April 22nd were given a $0.1875 dividend. The ex-dividend date was Friday, April 19th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.91%. Radius Recycling’s dividend payout ratio is currently -32.89%.

Analyst Upgrades and Downgrades

RDUS has been the topic of a number of analyst reports. StockNews.com cut Radius Recycling from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Seaport Res Ptn raised Radius Recycling from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 30th.

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.