Radius Recycling (NASDAQ:RDUS) Releases Earnings Results, Beats Estimates By $0.09 EPS

Radius Recycling (NASDAQ:RDUS) released its earnings results on Friday. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.09, Zacks reports. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The business had revenue of $642.51 million for the quarter, compared to the consensus estimate of $635.94 million.

Radius Recycling Trading Down 0.6 %

Shares of Radius Recycling stock opened at $28.94 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The business has a fifty day simple moving average of $18.07 and a two-hundred day simple moving average of $17.35. Radius Recycling has a 1 year low of $10.57 and a 1 year high of $29.20. The company has a market capitalization of $814.81 million, a price-to-earnings ratio of -2.89 and a beta of 1.07.

Radius Recycling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Monday, February 3rd. Radius Recycling’s dividend payout ratio (DPR) is presently -7.52%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Radius Recycling in a report on Wednesday. They issued a “sell” rating on the stock.

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.