Radius Recycling (NASDAQ:RDUS) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Radius Recycling (NASDAQ:RDUS) released its quarterly earnings data on Tuesday. The basic materials company reported ($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.07, Briefing.com reports. Radius Recycling had a negative net margin of 10.28% and a negative return on equity of 5.89%. The business had revenue of $673.92 million during the quarter, compared to analyst estimates of $693.90 million. During the same period in the previous year, the business earned $0.67 EPS. Radius Recycling’s revenue was down 16.8% compared to the same quarter last year.

Radius Recycling Price Performance

Radius Recycling stock traded up $1.21 during mid-day trading on Thursday, reaching $15.88. The company’s stock had a trading volume of 303,880 shares, compared to its average volume of 366,619. Radius Recycling has a 12-month low of $12.69 and a 12-month high of $36.64. The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average price is $16.81 and its two-hundred day moving average price is $21.17.

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 22nd will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $0.75 dividend on an annualized basis and a yield of 4.72%. Radius Recycling’s dividend payout ratio is -32.89%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of Radius Recycling from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 30th. StockNews.com upgraded shares of Radius Recycling from a “sell” rating to a “hold” rating in a research note on Wednesday.

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.