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) 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 Stock Performance

NASDAQ:RDUS traded up $0.02 during midday trading on Tuesday, hitting $14.77. The company’s stock had a trading volume of 321,093 shares, compared to its average volume of 225,305. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. Radius Recycling has a fifty-two week low of $12.69 and a fifty-two week high of $28.20. The firm’s 50 day moving average is $17.77 and its 200-day moving average is $16.79. The firm has a market cap of $414.14 million, a P/E ratio of -1.58 and a beta of 1.64.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Tuesday, November 12th. Radius Recycling’s dividend payout ratio (DPR) is -8.01%.

Insider Activity at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of Radius Recycling stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the completion of the transaction, the senior vice president now owns 133,780 shares of the company’s stock, valued at approximately $2,284,962.40. The trade was a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Radius Recycling in a research report on Monday, December 2nd. They set a “neutral” rating and a $22.00 price objective on the stock. StockNews.com downgraded shares of Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th.

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.