Radius Recycling (RDUS) Set to Announce Earnings on Thursday

Radius Recycling (NASDAQ:RDUS) will be posting its quarterly earnings results before the market opens on Thursday, April 4th. Analysts expect Radius Recycling to post earnings of ($0.54) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Thursday, January 4th. The basic materials company reported ($0.64) earnings per share for the quarter, topping the consensus estimate of ($0.71) by $0.07. The company had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $643.35 million. Radius Recycling had a positive return on equity of 1.97% and a negative net margin of 0.88%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) earnings per share. On average, analysts expect Radius Recycling to post $-4 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Radius Recycling Stock Performance

NASDAQ:RDUS opened at $20.96 on Tuesday. The stock has a market cap of $583.95 million, a P/E ratio of -22.30 and a beta of 1.60. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average is $22.43 and its 200-day moving average is $25.22. Radius Recycling has a 1-year low of $17.51 and a 1-year high of $36.64.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn cut Radius Recycling from a “neutral” rating to a “sell” rating in a report on Wednesday, February 28th.

Institutional Trading of Radius Recycling

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its holdings in Radius Recycling by 357.0% in the second quarter. Captrust Financial Advisors now owns 754 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 589 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Radius Recycling by 123.4% in the first quarter. Tower Research Capital LLC TRC now owns 849 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 469 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Radius Recycling in the second quarter valued at approximately $45,000. Point72 Middle East FZE bought a new stake in Radius Recycling in the second quarter valued at approximately $54,000. Finally, Citigroup Inc. boosted its holdings in shares of Radius Recycling by 120.0% during the 1st quarter. Citigroup Inc. now owns 1,883 shares of the basic materials company’s stock worth $59,000 after buying an additional 1,027 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors.

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.