Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Updates On Dividend Release Date


On 2016-08-01, Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) confirmed the dividend disbursement of $0.188 a share to shareholders as on record 2016-08-08. The firm will release dividend on 2016-08-22 while ex-dividend date is reported to be 2016-08-04.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) paid a total of $0.188 per share in dividends. This figure stood at $0.188 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $18 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $21 and $15, respectively.

Taking the mathematical rating formula, the price for Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) stands at 3.5. Earnings Review Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) will report its quarterly earnings for the period ending on 2016-08-31 by 2016-10-25. For the period ending on 2016-08-31, experts are expecting EPS of $0.31.

Coming to the quarter ending on 2015-08-31, Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) recorded EPS of $0.46. The reported numbers came lower than the analysts’ estimates of $0.14, demonstrating a miss of $0.32 as against reported figures.

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