Radius Recycling (NASDAQ:RDUS) Issues Quarterly Earnings Results, Beats Estimates By $0.18 EPS

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

Radius Recycling Trading Down 2.4 %

Shares of NASDAQ RDUS opened at $15.94 on Friday. The firm has a 50 day moving average price of $16.64 and a two-hundred day moving average price of $16.70. The stock has a market cap of $446.96 million, a P/E ratio of -1.64 and a beta of 1.53. Radius Recycling has a 52-week low of $12.69 and a 52-week high of $31.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96.

Radius Recycling Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Tuesday, November 12th. Radius Recycling’s payout ratio is -7.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.