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SCHN $33.2

SCHN target price
33.20
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Schnitzer Steel Industries, Inc.
Type
Public company
Traded as NASDAQ: SCHN
Industry Steel
Founded 1906; 111 years ago (1906)
Headquarters Portland, Oregon
Key people
John D. Carter, Chairman
Tamara L. Lundgren, CEO
Products Steel
Rebar
Revenue Decrease $1.352 billion (FY 2016)
Net income
Increase -$0.017 million (FY 2016)
Total assets Decrease $0.891 billion (FY 2016)
Total equity Decrease $0.501 billion (FY 2016)
Number of employees
2,818 (September 30, 2016)
Website www.schnitzersteel.com

Schnitzer Steel Industries, Inc. is a steel manufacturing and scrap metal recycling company headquartered in Portland, Oregon.

The Auto and Metals Recycling division collects and recycles autobodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure. It sources from 52 stores which operate under the commercial brand-name Pick-n-Pull. In fiscal 2016, the Auto and Metals Recycling division recycled and shipped 3.3 million tons of ferrous scrap metal and 510 million pounds of nonferrous scrap metal.

In 2016, it sold to customers in 24 countries.

The Steel Manufacturing Business produces finished steel products such as rebar, wire rod, coiled rebar, merchant bar and other specialty products using nearly 100% recycled metal sourced from the Auto and Metals Recycling division. In fiscal 2016, the Steel Manufacturing Business sold 488,000 short tons of finished steel.

In 1906, the company was founded by Russian immigrant Sam Schnitzer as a one-person scrap metal recycler.

In 1946, the company incorporated.

Between 1947 and 1950, Harold Schnitzer, the son of the founder, worked at the company.

In 1993, the company became a public company via an initial public offering.

In January 2003, the company acquired Pick-n-Pull.

In October 2005, the company acquired GreenLeaf Auto Recyclers. It was sold in 2009.

In October 2005, the company acquired Regional Recycling, a metals recycling business with 10 locations in the Southeastern United States.

In 2006, the company acquired Advanced Recycling.

In December 2007, the U.S. Securities and Exchange Commission charged former chairman and CEO Robert Philip for violating bribery laws as part of the Foreign Corrupt Practices Act in relation to dealings with Chinese steel mills.

In November 2008, Tamara Lundgren became the chief executive officer and John Carter became chairman.

In January 2010, the Schnitzer family sold shares such that their ownership in the company fell below 20%.

In April 2010, the company acquired Golden Recycling & Salvage, a recycling company in Billings, Montana.

In 2011, the company acquired State Line Scrap Co., a recycling company in Attleboro, Massachusetts.

In 2013, the company moved its headquarters to downtown Portland, Oregon.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2021 2022-10-19 Future report Set alerts
Q3 2021 2022-06-29 2.59 2.59
Q2 2021 2022-04-06 1.38 1.38
Q1 2021 2022-01-06 1.58 1.58
Q4 2020 2021-10-21 1.81 1.81
Q3 2020 2021-06-30 2.20 2.20
Q2 2020 2021-04-07 1.51 1.51
Q1 2020 2020-01-08 -0.17 -0.26
Q4 2019 2019-10-24 0.42 0.41
Q3 2019 2019-06-26 0.63 0.56

Ratings

2016-04-02 Reiterated Rating DA Davidson Hold
2016-04-01 Boost Price Target DA Davidson Neutral $15.00 to $18.00
2015-11-24 Upgrade Morgan Stanley Underweight to Equal Weight $14.00 to $21.00
2015-09-16 Lower Price Target Jefferies Group Hold $18.00 to $17.00
2015-07-08 Downgrade KeyBanc Overweight
2015-07-08 Downgrade KeyCorp Overweight
2015-07-01 Upgrade Bank of America Neutral to Buy $17.00 to $21.00
2015-07-01 Upgrade Bank of America Corp. Neutral to Buy $17.00 to $21.00
2015-05-18 Upgrade KeyBanc Sector Perform to Overweight $18.55
2015-03-16 Reiterated Rating Jefferies Group Hold $20.00 to $17.00
2015-01-09 Upgrade Jefferies Group Underperform to Hold $20.00
2015-01-05 Downgrade DA Davidson Buy to Neutral $34.00 to $25.00
2014-12-17 Lower Price Target Jefferies Group Underperform $21.00 to $20.00
2014-06-23 Lower Price Target Jefferies Group Underperform $23.00 to $22.00
2014-03-21 Initiated Coverage Sidoti Buy
2014-01-30 Lower Price Target Jefferies Group $25.00 to $23.00
2013-11-25 Downgrade Jefferies Group Hold to Underperform $25.00
2013-10-30 Lower Price Target Jefferies Group Hold $26.00 to $25.00
2013-10-30 Boost Price Target DA Davidson Buy $32.00 to $34.00
2013-10-29 Downgrade Bank of America Underperform
2012-10-26 Upgrade DA Davidson Neutral to Buy
2012-07-10 Initiated Longbow Neutral
2012-05-18 Reiterated Auriga Hold $44 to $36
2012-05-01 Initiated KeyBanc Capital Mkts Hold
2011-10-13 Reiterated Canaccord Genuity Buy $80 to $60
2010-07-20 Upgrade UBS Neutral to Buy $56 to $56
2010-03-08 Downgrade UBS Buy to Neutral $50 to $54
2010-02-02 Upgrade UBS Neutral to Buy $50
2010-01-08 Upgrade Canaccord Adams Hold to Buy $47 to $62
2009-11-20 Upgrade DA Davidson Neutral to Buy $55 to $60
2009-10-29 Upgrade Longbow Sell to Neutral
2009-10-29 Downgrade Canaccord Adams Buy to Hold $75 to $47
2009-09-14 Downgrade Longbow Neutral to Sell $42
2009-08-21 Upgrade UBS Sell to Neutral
2008-10-07 Downgrade Longbow Buy to Neutral
2016-04-02 Reiterated Rating DA Davidson Hold
2016-04-01 Boost Price Target DA Davidson Neutral $15.00 to $18.00
2015-11-24 Upgrade Morgan Stanley Underweight to Equal Weight $14.00 to $21.00
2015-09-16 Lower Price Target Jefferies Group Hold $18.00 to $17.00
2015-07-08 Downgrade KeyBanc Overweight

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Lundgren Tamara L. President & CEO 2.39%  (631183) R / SCHN /
Peach Richard Senior VP & CFO 0.52%  (137328) CLW / SCHN /
Henderson Michael R SVP & Pres Metal Recyling Bus 0.29%  (77823) SCHN /
CARTER JOHN D 0.29%  (76130) FLIR / NWN / SCHN /
HICKS WAYLAND R 0.26%  (68964) SCHN /
Heiskell Steven SVP & Managing Director, APB 0.24%  (64598) SCHN /
LARSSON WILLIAM D 0.21%  (55306) CLW / SCHN /
Johansen Judi 0.21%  (55306) CACB / IDA / PCBK / SCHN /
Klauer Thomas D Jr President, Auto Parts Bus. 0.19%  (50368) SCHN /
Dyck Jeffery Pres. Steel Manufacturing Bus. 0.19%  (49987) SCHN /
ANDERSON DAVID J 0.17%  (43814) MOD / MTSC / SCHN /
Josephson Richard C SVP & General Counsel 0.16%  (42278) SCHN /
Christopher Patrick President-Metals Recycling Bus 0.15%  (39051) SCHN /
Jahnke David L 0.14%  (36167) FIBK / SCHN /
Hyde Belinda Sr. VP & Chief HR Officer 0.14%  (35732) SCHN / SPW /
FURMAN WILLIAM A 0.13%  (34047) GBX / SCHN /
NOVACK KENNETH M 0.11%  (28647) SCHN /
Saba Peter B SVP & General Counsel 0.11%  (28518) SCHN / USU /
SUTHERLIN MICHAEL W 0.09%  (24183) BTU / JOY / SCHN / TESO /
Gaggini Stefano R. Corporate Controller 0.08%  (21649) SCHN /
Mendez David J. VP & Corporate Controller 0.07%  (19329) SCHN /
LEWIS SCOTT 0.06%  (15933) SCHN /
Hunter Rhonda D 0.02%  (4521) SCHN / WY /