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An update from Schnitzer Steel Industries ( (RDUS) ) is now available.
On June 16, 2025, Schnitzer Steel Industries and its subsidiaries amended their credit agreement, reducing revolving commitments from $800 million to $625 million and adjusting EBITDA calculations, among other changes. The company also announced a net loss of $16 million and an adjusted EBITDA of $22 million for the third quarter of fiscal 2025, indicating improvements. The pending merger with Toyota Tsusho America, Inc. is expected to close in the second half of 2025, pending regulatory approvals.
The most recent analyst rating on (RDUS) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Schnitzer Steel Industries stock, see the RDUS Stock Forecast page.
Spark’s Take on RDUS Stock
According to Spark, TipRanks’ AI Analyst, RDUS is a Neutral.
The overall score reflects significant financial difficulties, particularly in profitability and cash management, which weigh heavily on the stock’s outlook. Despite strong technical momentum, valuation remains a concern due to negative earnings. Improvement in financial performance and operational efficiency is crucial for enhancing the stock’s prospects.
To see Spark’s full report on RDUS stock, click here.
More about Schnitzer Steel Industries
Average Trading Volume: 894,331
Technical Sentiment Signal: Buy
Current Market Cap: $835.9M
For an in-depth examination of RDUS stock, go to TipRanks’ Overview page.