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

March 15, 2018 - By Peter Erickson

 Schnitzer Steel Industries, Inc. (SCHN) Analysts See $0.70 EPS
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.
Deutsche Bancorp Ag has 0.01% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 343,565 shares. Wellington Mgmt Grp Incorporated Llp has 171,800 shares. 64,847 are held by Parametric Port Ltd Liability Corp. Segall Bryant And Hamill Lc, a Illinois-based fund reported 140,396 shares. Vanguard Grp Incorporated stated it has 2.29 million shares. Bogle Investment Mgmt Lp De, a Massachusetts-based fund reported 131,780 shares. Franklin holds 91,400 shares or 0% of its portfolio. Perritt Mgmt reported 60,000 shares. Meeder Asset Mngmt Inc reported 0% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). 17,736 are owned by American Interest Gp Inc. Ahl Partners Limited Liability Partnership invested in 0.02% or 46,658 shares. Tiaa Cref Inv Mngmt Limited Liability Corporation has 0% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 150,290 shares. Macquarie Grp Inc Ltd stated it has 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Mackenzie Fincl Corp reported 0.02% stake. Strs Ohio invested in 20,600 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 12.71 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 2.20% or $0.8 during the last trading session, reaching $35.6. About 172,573 shares traded. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has risen 21.74% since March 15, 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. Morgan Stanley maintained Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) on Tuesday, October 31 with “Equal-Weight” rating. Jefferies maintained the stock with “Buy” rating in Wednesday, September 16 report. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, October 11. On Tuesday, November 24 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) earned “Buy” rating by Zacks on Wednesday, August 12.

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and makes finished steel products worldwide. The company has market cap of $938.82 million. It operates through two divisions, Auto and Metals Recycling and Steel Manufacturing Business (SMB). It has a 15.75 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: which released: “Schnitzer Steel Industries, Inc. (SCHN) Ex-Dividend Date Scheduled for …” on November 09, 2017, also published article titled: “Schnitzer Board Announces a New Independent Director”, published: “Schnitzer Steel Industries’ (SCHN) CEO Tamara Lundgren on Q1 2018 Results …” on January 09, 2018. More interesting news about Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) was released by: and their article: “Schnitzer Steel Industries, Inc. (SCHN) Ex-Dividend Date Scheduled for …” with publication date: February 08, 2018.

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