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

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

Radius Recycling Trading Down 2.4 %

Shares of RDUS opened at $15.94 on Friday. 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 has a 52-week low of $12.69 and a 52-week high of $31.70. The firm has a market cap of $446.96 million, a price-to-earnings ratio of -1.64 and a beta of 1.53. The business’s fifty day moving average is $16.64 and its 200-day moving average is $16.70.

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 $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Tuesday, November 12th. Radius Recycling’s dividend payout ratio is presently -7.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Radius Recycling from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th.

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.