Radius Recycling (RDUS) to Release Quarterly Earnings on Thursday

Radius Recycling (NASDAQ:RDUS) is expected to release its earnings data before the market opens on Thursday, April 3rd. Analysts expect Radius Recycling to post earnings of ($1.08) per share and revenue of $635.94 million for the quarter.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The firm had revenue of $656.54 million for the quarter, compared to analysts’ expectations of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. Radius Recycling’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.64) EPS.

Radius Recycling Stock Performance

Shares of NASDAQ RDUS opened at $28.90 on Wednesday. The stock has a market cap of $813.68 million, a PE ratio of -2.88 and a beta of 1.67. Radius Recycling has a 1 year low of $10.57 and a 1 year high of $29.18. The firm has a fifty day moving average price of $17.09 and a 200-day moving average price of $17.10. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97.

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Monday, February 3rd. Radius Recycling’s dividend payout ratio is currently -7.49%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Radius Recycling in a research report on Tuesday, March 25th. They issued a “sell” rating on the stock.

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.