2 weeks Ago By Defense World Staff
Radius Recycling ( NASDAQ:RDUS – Get Free Report ) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday. Separately, Seaport Res Ptn upgraded shares of Radius Recycling from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 30th.
Check Out Our Latest Stock Report on Radius Recycling Radius Recycling Stock Down 0.8 % Radius Recycling ( NASDAQ:RDUS – Get Free Report ) last issued its quarterly earnings results on Tuesday, July 2nd. The basic materials company reported ($0.
59) EPS for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.07.
The company had revenue of $673.92 million during the quarter, compared to the consensus estimate of $693.90 million.
Radius Recycling had a negative return on equity of 5.89% and a negative net margin of 10.28%.
Radius Recycling’s revenue was down 16.8% on a year-over-year basis. During the same period last year, the business posted $0.
67 earnings per share. Equities research analysts forecast that Radius Recycling will post -3.06 EPS for the current year.
Hedge Funds Weigh In On Radius Recycling Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise grew its position in shares of Radius Recycling by 23.6% in the second quarter.
Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 564 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Radius Recycling by 10.7% during the 2nd quarter.
The Manufacturers Life Insurance Company now owns 10,589 shares of the basic materials company’s stock valued at $162,000 after buying an additional 1,020 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Radius Recycling during the first quarter valued at about $33,000. Gladius Capital Management LP purchased a new stake in shares of Radius Recycling in the second quarter worth about $29,000.
Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Radius Recycling in the second quarter valued at approximately $30,000.
Institutional investors own 78.11% of the company’s stock. About Radius Recycling ( Get Free Report ) 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. See Also Five stocks we like better than Radius Recycling 3 REITs to Buy and Hold for the Long Term Can Costco Stock Hit New Highs as Interest Rates Drop? Manufacturing Stocks Investing These 3 Stocks Show How to Navigate Declining Consumer Confidence How to Use the MarketBeat Excel Dividend Calculator MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Receive News & Ratings for Radius Recycling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radius Recycling and related companies with MarketBeat.
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