Radius Recycling (NASDAQ:RDUS) Releases Quarterly Earnings Results, Misses Expectations By $0.67 EPS

Radius Recycling (NASDAQ:RDUS) announced its earnings results on Tuesday. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67), Zacks reports. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%.

Radius Recycling Price Performance

Shares of NASDAQ:RDUS traded up $0.02 during midday trading on Tuesday, reaching $14.77. 321,295 shares of the company’s stock were exchanged, compared to its average volume of 225,305. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.92. The company’s 50 day simple moving average is $17.77 and its two-hundred day simple moving average is $16.79. Radius Recycling has a 12 month low of $12.69 and a 12 month high of $28.20. The firm has a market capitalization of $414.14 million, a PE ratio of -1.58 and a beta of 1.64.

Radius Recycling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Tuesday, November 12th. Radius Recycling’s dividend payout ratio is -8.01%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RDUS shares. StockNews.com downgraded shares of Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th. The Goldman Sachs Group started coverage on Radius Recycling in a research note on Monday, December 2nd. They set a “neutral” rating and a $22.00 price target on the stock.

Insider Activity at Radius Recycling

In other news, SVP Steven Heiskell sold 17,675 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the sale, the senior vice president now owns 133,780 shares of the company’s stock, valued at approximately $2,284,962.40. This represents a 11.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is currently owned by insiders.

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.