Schnitzer Steel Industries Inc.

Schnitzer Steel Industries is engaged as a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The company has two segments: Auto and Metals Recycling, which acquires and recycles ferrous and nonferrous scrap metal for sale to foreign and domestic metal producers, processors and brokers, and procures salvaged vehicles and sells serviceable used auto parts from these vehicles through a network of self-service auto parts stores; and Cascade Steel and Scrap, which produces a range of finished steel long products using ferrous recycled scrap metal and other raw materials.
  • TickerSCHN
  • ISINUS8068821060
  • ExchangeNASDAQ Stock Market
  • SectorIndustrial Metals & Mining
  • CountryUnited States
SCHN Schnitzer Steel... (Basic Resources)

SCHNITZER STEEL INDS with less fundamental stars is reduced to Neutral

SCHNITZER STEEL INDS (US), a company active in the Steel industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date January 26, 2021, the closing price was USD 29.95 and its expected value was estimated at USD 30.59.

Andrew Lane
  • Andrew Lane
SCHN Schnitzer Steel... (Basic Resources)

Morningstar | Schnitzer Steel Delivers Healthy Sequential Profit Incre...

We anticipated that Schnitzer Steel Industries would suffer sharply lower profits in fiscal 2019 after enjoying cyclical peak market conditions in 2018. Accordingly, we forecast $88 million of adjusted operating income for 2019, a 40% decline from $147 million last year. Regardless, even though profits have declined year to date, the company continues to perform fairly well versus historical standards, and third-quarter results were solid. Having updated our valuation model, we are not changing our $19 fair value estimate and no-moat rating. During the company's earnings call, management cit...

Andrew Lane
  • Andrew Lane
SCHN Schnitzer Steel... (Basic Resources)

Morningstar | Schnitzer Steel Delivers Healthy Sequential Profit Incre...

We anticipated that Schnitzer Steel Industries would suffer sharply lower profits in fiscal 2019 after enjoying cyclical peak market conditions in 2018. Accordingly, we forecast $88 million of adjusted operating income for 2019, a 40% decline from $147 million last year. Regardless, even though profits have declined year to date, the company continues to perform fairly well versus historical standards, and third-quarter results were solid. Having updated our valuation model, we are not changing our $19 fair value estimate and no-moat rating. During the company's earnings call, management cit...

Andrew Lane
  • Andrew Lane
SCHN Schnitzer Steel... (Basic Resources)

Schnitzer Steel Delivers Healthy Sequential Profit Increase in 3Q, but...

We anticipated that Schnitzer Steel Industries would suffer sharply lower profits in fiscal 2019 after enjoying cyclical peak market conditions in 2018. Accordingly, we forecast $88 million of adjusted operating income for 2019, a 40% decline from $147 million last year. Regardless, even though profits have declined year to date, the company continues to perform fairly well versus historical standards, and third-quarter results were solid. Having updated our valuation model, we are not changing ...

Andrew Lane
  • Andrew Lane
SCHN Schnitzer Steel... (Basic Resources)

We Expect Modest Margin Contraction to Take Hold for Schnitzer as Scra...

Having reviewed a flurry of guidance releases from U.S. steelmakers, we've softened our 2019 outlook for industrywide profits. Per the commentary provided, broader steel demand remains fairly steady except for a pocket of weakness associated with the automotive end market. Metal margins have contracted in recent months amid materially lower steel prices and a non-commensurate decrease in input costs. Additionally, we remain cautious about the industry's long-term prospects, as we expect steel de...

 PRESS RELEASE
SCHN Schnitzer Steel... (Basic Resources)

Schnitzer Board Declares Quarterly Dividend

PORTLAND, Ore.--(BUSINESS WIRE)-- The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq:SCHN) declared a cash dividend of $0.1875 per common share, payable on May 29, 2018, to shareholders of record on May 14, 2018. Schnitzer has paid a dividend every quarter since going public in November 1993. About Schnitzer Steel Industries, Inc. Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in the United States with operating facilities located in 23 st...

 PRESS RELEASE
SCHN Schnitzer Steel... (Basic Resources)

Schnitzer Reports Second Quarter 2018 Financial Results

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today reported results for its second quarter of fiscal 2018 ended February 28, 2018. The Company's reported and adjusted earnings per share from continuing operations were $1.42, which include discrete tax benefits of $0.52 per share associated with the recently enacted tax reform legislation and the release of valuation allowances on certain deferred tax assets. These results compare favorably to first quarter fiscal 2018 earnings per share from contin...

 PRESS RELEASE
SCHN Schnitzer Steel... (Basic Resources)

Schnitzer Announces Second Quarter Fiscal 2018 Preliminary Results and...

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today announced preliminary results for its second quarter of fiscal 2018 ended February 28, 2018. Schnitzer expects reported and adjusted second quarter earnings per share from continuing operations to be in the range of $1.25 - $1.31, which amounts are expected to include discrete tax benefits of $0.38 per share associated with the recently enacted tax reform legislation and the release of valuation allowances on certain deferred tax assets. Second qua...

 PRESS RELEASE
SCHN Schnitzer Steel... (Basic Resources)

Schnitzer Named One of the 2018 World's Most Ethical Companies® by th...

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2018 World’s Most Ethical Companies. Recognition honors those who operate with purpose and incorporate integrity into their ecosystems. Schnitzer has been recognized for a fourth consecutive year, highlighting the Company’s commitment to leading with integrity and prioritizing ethical business prac...

 PRESS RELEASE
SCHN Schnitzer Steel... (Basic Resources)

Schnitzer Board Declares Quarterly Dividend

PORTLAND, Ore.--(BUSINESS WIRE)-- The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) declared a cash dividend of $0.1875 per common share, payable on February 26, 2018, to shareholders of record on February 12, 2018. Schnitzer has paid a dividend every quarter since going public in November 1993. About Schnitzer Steel Industries, Inc. Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in the United States with operating facilitie...

Andrew Lane
  • Andrew Lane
SCHN Schnitzer Steel... (Basic Resources)

Morningstar | Schnitzer Steel Delivers Healthy Sequential Profit Incre...

We anticipated that Schnitzer Steel Industries would suffer sharply lower profits in fiscal 2019 after enjoying cyclical peak market conditions in 2018. Accordingly, we forecast $88 million of adjusted operating income for 2019, a 40% decline from $147 million last year. Regardless, even though profits have declined year to date, the company continues to perform fairly well versus historical standards, and third-quarter results were solid. Having updated our valuation model, we are not changing our $19 fair value estimate and no-moat rating. During the company's earnings call, management cit...

Andrew Lane
  • Andrew Lane
SCHN Schnitzer Steel... (Basic Resources)

Morningstar | Schnitzer Steel Delivers Healthy Sequential Profit Incre...

We anticipated that Schnitzer Steel Industries would suffer sharply lower profits in fiscal 2019 after enjoying cyclical peak market conditions in 2018. Accordingly, we forecast $88 million of adjusted operating income for 2019, a 40% decline from $147 million last year. Regardless, even though profits have declined year to date, the company continues to perform fairly well versus historical standards, and third-quarter results were solid. Having updated our valuation model, we are not changing our $19 fair value estimate and no-moat rating. During the company's earnings call, management cit...

Andrew Lane
  • Andrew Lane
SCHN Schnitzer Steel... (Basic Resources)

Schnitzer Steel Delivers Healthy Sequential Profit Increase in 3Q, but...

We anticipated that Schnitzer Steel Industries would suffer sharply lower profits in fiscal 2019 after enjoying cyclical peak market conditions in 2018. Accordingly, we forecast $88 million of adjusted operating income for 2019, a 40% decline from $147 million last year. Regardless, even though profits have declined year to date, the company continues to perform fairly well versus historical standards, and third-quarter results were solid. Having updated our valuation model, we are not changing ...

Andrew Lane
  • Andrew Lane
SCHN Schnitzer Steel... (Basic Resources)

We Expect Modest Margin Contraction to Take Hold for Schnitzer as Scra...

Having reviewed a flurry of guidance releases from U.S. steelmakers, we've softened our 2019 outlook for industrywide profits. Per the commentary provided, broader steel demand remains fairly steady except for a pocket of weakness associated with the automotive end market. Metal margins have contracted in recent months amid materially lower steel prices and a non-commensurate decrease in input costs. Additionally, we remain cautious about the industry's long-term prospects, as we expect steel de...

Andrew Lane
  • Andrew Lane
SCHN Schnitzer Steel... (Basic Resources)

Morningstar | U.S. Steelmakers Issue Soft 3Q Guidance as Falling Steel...

Having reviewed a flurry of guidance releases from U.S. steelmakers, we've softened our 2019 outlook for industrywide profits. Per the commentary provided, broader steel demand remains fairly steady except for a pocket of weakness associated with the automotive end market. Metal margins have contracted in recent months amid materially lower steel prices and a non-commensurate decrease in input costs. Additionally, we remain cautious about the industry's long-term prospects, as we expect steel demand to wane in China as global overcapacity persists. Further, a bevy of new capacity announcements...

SCHN Schnitzer Steel... (Basic Resources)

SCHNITZER STEEL INDS with less fundamental stars is reduced to Neutral

SCHNITZER STEEL INDS (US), a company active in the Steel industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date January 26, 2021, the closing price was USD 29.95 and its expected value was estimated at USD 30.59.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch