Radius Recycling (NASDAQ:RDUS) Announces Earnings Results

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

Radius Recycling Stock Up 0.1 %

RDUS stock traded up $0.02 during mid-day trading on Tuesday, hitting $14.77. The stock had a trading volume of 321,295 shares, compared to its average volume of 225,305. Radius Recycling has a 1-year low of $12.69 and a 1-year high of $28.20. The company has a fifty day moving average of $17.77 and a 200 day moving average of $16.79. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $414.14 million, a price-to-earnings ratio of -1.58 and a beta of 1.64.

Radius Recycling Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Tuesday, November 12th. This represents a $0.75 annualized dividend and a dividend yield of 5.08%. Radius Recycling’s dividend payout ratio is -8.01%.

Analyst Ratings Changes

RDUS has been the topic of several recent analyst reports. 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 target on the stock. StockNews.com downgraded Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th.

Insider Activity

In other news, SVP Steven Heiskell sold 17,675 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total transaction of $301,889.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.90% of the stock is owned by corporate 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.