Radius Recycling (NASDAQ:RDUS – Get Free Report) posted its quarterly earnings data on Friday. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.09, Zacks reports. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%.
Radius Recycling Stock Performance
Shares of RDUS stock opened at $29.12 on Friday. The business has a 50-day moving average of $17.74 and a 200 day moving average of $17.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. Radius Recycling has a 1-year low of $10.57 and a 1-year high of $29.80. The stock has a market capitalization of $819.87 million, a PE ratio of -2.91 and a beta of 1.67.
Radius Recycling Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Monday, February 3rd. Radius Recycling’s dividend payout ratio (DPR) is presently -7.49%.
Wall Street Analyst Weigh In
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.
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