Radius Recycling (NASDAQ:RDUS) Announces Earnings Results, Beats Expectations By $0.07 EPS

Radius Recycling (NASDAQ:RDUS) announced its earnings results on Tuesday. The basic materials company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.07, Briefing.com reports. Radius Recycling had a negative return on equity of 1.73% and a negative net margin of 2.28%. The business had revenue of $673.92 million for the quarter, compared to analyst estimates of $693.90 million. During the same quarter last year, the firm earned $0.67 EPS. Radius Recycling’s revenue for the quarter was down 16.8% compared to the same quarter last year.

Radius Recycling Stock Down 4.1 %

NASDAQ:RDUS opened at $14.67 on Wednesday. The firm has a market capitalization of $410.47 million, a price-to-earnings ratio of -6.43 and a beta of 1.56. Radius Recycling has a twelve month low of $12.69 and a twelve month high of $36.64. The stock’s 50 day moving average price is $16.85 and its two-hundred day moving average price is $21.21. The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

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

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.