Analysts See $0.70 EPS for Schnitzer Steel Industries, Inc. (SCHN)

March 14, 2018 - By Migdalia James

 Analysts See $0.70 EPS for Schnitzer Steel Industries, Inc. (SCHN)
Investors sentiment increased to 1.1 in Q3 2017. Its up 0.11, from 0.99 in 2017Q2. It is positive, as 15 investors sold Schnitzer Steel Industries, Inc. shares while 54 reduced holdings. 40 funds opened positions while 36 raised stakes. 23.36 million shares or 3.78% more from 22.51 million shares in 2017Q2 were reported.
Victory Capital holds 37,900 shares or 0% of its portfolio. Tiaa Cref Inv Mngmt Limited Liability has invested 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Schwab Charles Investment Mgmt Incorporated invested 0.01% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Deutsche Bancorp Ag, a Germany-based fund reported 343,565 shares. Moreover, Legal And General Public Ltd Company has 0% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Ellington Management Lc accumulated 0.14% or 29,900 shares. Moreover, Chicago Equity Prtnrs Limited Liability has 0.09% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 98,800 shares. Fund Mngmt reported 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Systematic Fincl Mngmt Limited Partnership reported 57,595 shares or 0.03% of all its holdings. Renaissance Technology Ltd owns 0% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 32,700 shares. Sei holds 0% or 6,220 shares. Goldman Sachs Group, New York-based fund reported 366,895 shares. Engineers Gate Manager Ltd Partnership accumulated 41,286 shares. Aqr Capital Ltd Liability Corporation owns 22,748 shares for 0% of their portfolio. Invesco holds 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 85,549 shares.

Analysts expect Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) to report $0.70 EPS on April, 5.They anticipate $0.33 EPS change or 89.19 % from last quarter’s $0.37 EPS. SCHN’s profit would be $18.46 million giving it 13.00 P/E if the $0.70 EPS is correct. After having $0.63 EPS previously, Schnitzer Steel Industries, Inc.’s analysts see 11.11 % EPS growth. The stock decreased 1.22% or $0.45 during the last trading session, reaching $36.4. About 447,258 shares traded or 29.07% up from the average. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has risen 21.74% since March 14, 2017 and is uptrending. It has outperformed by 5.04% the S&P500.

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Ratings Coverage

Among 4 analysts covering Schnitzer Steel Industries (NASDAQ:SCHN), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Schnitzer Steel Industries had 6 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has “Buy” rating given on Wednesday, September 16 by Jefferies. The firm has “Buy” rating given on Wednesday, August 12 by Zacks. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, October 11. On Tuesday, October 31 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, November 24.

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and makes finished steel products worldwide. The company has market cap of $959.92 million. It operates through two divisions, Auto and Metals Recycling and Steel Manufacturing Business (SMB). It has a 16.1 P/E ratio. The AMR segment buys, collects, processes, recycles, sells, and brokers scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

More important recent Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) news were published by: Businesswire.com which released: “Schnitzer Board Announces a New Independent Director” on October 27, 2017, also Seekingalpha.com published article titled: “Schnitzer Steel Industries’ (SCHN) CEO Tamara Lundgren on Q1 2018 Results …”, Nasdaq.com published: “Schnitzer Steel Industries, Inc. (SCHN) Ex-Dividend Date Scheduled for …” on November 09, 2017. More interesting news about Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) was released by: Nasdaq.com and their article: “Schnitzer Steel Industries, Inc. (SCHN) Ex-Dividend Date Scheduled for …” with publication date: February 08, 2018.

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