Radius Recycling (NASDAQ:RDUS) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Radius Recycling (NASDAQ:RDUS) announced its earnings results on Thursday. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.18, Briefing.com reports. The business had revenue of $771.00 million during the quarter, compared to analyst estimates of $680.80 million. Radius Recycling had a negative return on equity of 5.89% and a negative net margin of 10.28%. Radius Recycling’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS.

Radius Recycling Stock Down 1.8 %

Shares of NASDAQ RDUS opened at $16.34 on Friday. The company’s 50 day moving average price is $16.62 and its 200-day moving average price is $16.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. Radius Recycling has a 52-week low of $12.69 and a 52-week high of $31.70. The company has a market capitalization of $458.17 million, a P/E ratio of -1.68 and a beta of 1.53.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Radius Recycling from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th.

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.