Radius Recycling (NASDAQ:RDUS) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Radius Recycling (NASDAQ:RDUS) released its earnings results on Friday. The basic materials company reported ($0.99) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.09, Zacks reports. The company had revenue of $642.51 million during the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%.

Radius Recycling Price Performance

Shares of RDUS opened at $28.94 on Friday. The stock has a market cap of $814.81 million, a P/E ratio of -2.89 and a beta of 1.07. Radius Recycling has a 1 year low of $10.57 and a 1 year high of $29.20. The stock’s 50-day moving average price is $18.07 and its two-hundred day moving average price is $17.35. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75.

Radius Recycling Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, February 3rd. Radius Recycling’s payout ratio is -7.52%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Radius Recycling in a research report on Wednesday. They set a “sell” rating on the stock.

About Radius Recycling

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.