Radius Health, Inc., a biopharmaceutical company, develops and commercializes endocrine and other therapeutics. The company's commercial product is TYMLOS, an abaloparatide injection for the treatment of postmenopausal women with osteoporosis. It is also developing abaloparatide-SC, which is in Phase III clinical trials for the treatment of osteoporosis in men; abaloparatide-TD, a short-wear-time transdermal patch that is in Phase III clinical trials to treat postmenopausal women with osteoporosis; Elacestrant (RAD1901), a selective estrogen receptor degrader, which is in Phase III clinical trials for the treatment of hormone receptor-positive breast cancer; and RAD011, which is in Phase II clinical trials for treatment of hyperphagia related to Prader-Willi syndrome. The company has collaborations and license agreements with 3M Company; Ipsen Pharma SAS; Teijin Limited; Berlin-Chemie AG; Eisai Co. Ltd.; and Duke University. Radius Health, Inc. was founded in 2003 and is headquartered in Boston, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: radiuspharm.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2024 | Sell → Neutral | Seaport Research Partners | |
| 2/28/2024 | $17.50 | Neutral → Sell | Seaport Research Partners |
| 12/14/2023 | Neutral | Seaport Research Partners | |
| 6/8/2022 | $8.00 | Underperform → Neutral | BofA Securities |
| 5/23/2022 | $7.00 | Mkt Perform | SVB Leerink |
| 12/10/2021 | $18.00 → $7.00 | Equal-Weight → Underweight | Morgan Stanley |
| 12/10/2021 | $33.00 → $12.00 | Buy → Neutral | Goldman Sachs |
| 12/9/2021 | $30.00 → $20.00 | Market Perform | SVB Leerink |
| 12/9/2021 | $23.00 → $10.00 | Neutral | HC Wainwright & Co. |
| 12/3/2021 | $16.00 | Underperform | BofA Securities |
4 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
4 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
4 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
4 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
4 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
4 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
4 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
4 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
4 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
3 - RADIUS RECYCLING, INC. (0000912603) (Issuer)
PORTLAND, Ore., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today announced the appointment of Marc Hathhorn as Executive Vice President and Chief Operating Officer, effective November 1, 2024. Hathhorn joins Radius from Peabody Energy Corporation (NYSE:BTU) and brings more than 30 years of leadership experience in the mining industry. Most recently, Hathhorn held the position of President--Global Operations at Peabody Energy Corporation (NYSE:BTU), overseeing 5,000 employees and 17 coal mines across the U.S. and Australia. Under Hathhorn's leadership, Peabody achieved multiple safety performance awards, exceeded environmental management and compliance goals, an
PORTLAND, Ore., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) announced that its Board of Directors has appointed Mauro Gregorio, the recently retired President of the Performance Materials & Coatings Division at Dow Inc. (NYSE:DOW), as a new independent director, effective November 1, 2024. Mr. Gregorio will serve on the Audit Committee and the Compensation and Human Resources Committee of the Board. Over his nearly 40-year career at Dow, Mr. Gregorio served in multiple roles, including leading the post-acquisition integration of Dow Corning, overseeing the company's feedstock and energy business unit, and serving as global Vice President for the Hygiene and Medi
Urges Stockholders to Vote "FOR" Radius' Highly Qualified, Independent Director Nominees – Catherine J. Friedman, Jean-Pierre Garnier, Ph.D. and Andrew C. von Eschenbach, M.D. – on the BLUE Proxy Card Details Company's Significant Progress Since 2020, Under Refreshed Board and Management Team BOSTON, June 06, 2022 (GLOBE NEWSWIRE) -- Radius Health, Inc. ("Radius" or the "Company") (NASDAQ:RDUS) today announced that it has filed its definitive proxy statement with the Securities and Exchange Commission ("SEC") for its upcoming Annual Meeting of Stockholders, which will be held online on July 8, 2022. Stockholders of record as of June 3, 2022, will be entitled to vote at the meeting. In c
EMERYVILLE, Calif., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Berkeley Lights, Inc. (NASDAQ:BLI), a leader in digital cell biology, today announced the appointment of Jessica Hopfield, Ph.D. to the Berkeley Lights' Board of Directors as an independent director, effective December 15, 2021. "Dr. Hopfield is a respected and accomplished industry veteran, and we are thrilled to welcome her to our Board," said Eric Hobbs, Ph.D., chief executive officer of Berkeley Lights. "With more than two decades of medical device, biotech and pharmaceutical experience, Dr. Hopfield brings to Berkeley Lights valuable strategic insight and a strong focus on performance to drive our unrivaled ability to understand c
CAMBRIDGE, United Kingdom--(BUSINESS WIRE)--Wren Therapeutics Ltd., (“Wren”), a biopharmaceutical company pioneering a unique network kinetics approach to drug discovery for protein misfolding diseases, today announced the closing of a £12.4 million (c. $17.0 million) financing. This financing brings the total capital raised to date to approximately £33 million (c. $45 million). The financing was led by existing shareholder The Baupost Group, with participation from existing investors including LifeForce Capital and new investors including Schooner Capital and Industry Ventures. Dr. Samuel Cohen, Chief Executive Officer of Wren, commented: “This support from both our existing as
BOSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Radius Health, Inc. (“Radius” or the “Company”) (Nasdaq: RDUS) announced today that Machelle Sanders and Dr. Andrew C. von Eschenbach have joined the Company’s board of directors. Ms. Sanders and Dr. von Eschenbach will fill vacancies created by the departures of Jessica Hopfield, Ph.D. and Tony Rosenberg, who stepped down from the board on December 31, 2020 after years of service. Owen Hughes, Chairman of the Radius Board of Directors commented, “We are absolutely delighted to welcome both Machelle and Andy to the Radius board. Machelle’s extensive experience in complex supply chain management, manufacturing and quality assurance will prove inval
PORTLAND, Ore., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today announced the appointment of Marc Hathhorn as Executive Vice President and Chief Operating Officer, effective November 1, 2024. Hathhorn joins Radius from Peabody Energy Corporation (NYSE:BTU) and brings more than 30 years of leadership experience in the mining industry. Most recently, Hathhorn held the position of President--Global Operations at Peabody Energy Corporation (NYSE:BTU), overseeing 5,000 employees and 17 coal mines across the U.S. and Australia. Under Hathhorn's leadership, Peabody achieved multiple safety performance awards, exceeded environmental management and compliance goals, an
PORTLAND, Ore., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) announced that its Board of Directors has appointed Mauro Gregorio, the recently retired President of the Performance Materials & Coatings Division at Dow Inc. (NYSE:DOW), as a new independent director, effective November 1, 2024. Mr. Gregorio will serve on the Audit Committee and the Compensation and Human Resources Committee of the Board. Over his nearly 40-year career at Dow, Mr. Gregorio served in multiple roles, including leading the post-acquisition integration of Dow Corning, overseeing the company's feedstock and energy business unit, and serving as global Vice President for the Hygiene and Medi
Significant Sequential Improvement in Operating and Financial Performance in Q4 Ferrous, Nonferrous and Finished Steel Sales Volumes Up Sequentially Radius Board Declares Quarterly Dividend PORTLAND, Ore., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today reported results for the fourth quarter and fiscal year ended August 31, 2024. The Company reported a net loss of $(16) million, or $(13) per ferrous ton, and a loss per share from continuing operations in the fourth quarter of fiscal 2024 of $(0.56), a significant improvement compared to the third quarter which included a material goodwill impairment charge. Adjusted EBITDA in the fourth quarter was $17 mi
PORTLAND, Ore., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) announced that the Company will report financial results for its fourth quarter and fiscal 2024 ended August 31, 2024 on Thursday, October 24, 2024. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Radius Recycling's website at www.radiusrecycling.com/company/investors. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Stefano Gaggini, Senior Vice President and Chief Financial Officer. About Radius Recycling, Inc. Radiu
Ferrous, Nonferrous and Finished Steel Sales Volumes Up Sequentially Radius Board Declares Quarterly Dividend PORTLAND, Ore., July 02, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today reported results for the third quarter of fiscal 2024 ended May 31, 2024. The Company's reported and adjusted results differed significantly this quarter. Due primarily to a non-cash goodwill impairment charge reflecting the challenging market conditions for recycled metals experienced during the last year, the Company reported a loss per share from continuing operations of $(6.97) and a net loss of $(199) million in the third quarter. These results included
PORTLAND, Ore., June 18, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) announced that the Company will report financial results for its third quarter fiscal 2024 ended May 31, 2024 on Tuesday, July 2, 2024. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Radius Recycling's website at www.radiusrecycling.com/company/investors. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Stefano Gaggini, Senior Vice President and Chief Financial Officer. About Radius Recycling, Inc. Radius Recycling, I
TYMLOS®demonstrated a lower incidence of hip fracture and non-vertebral fracture compared to teriparatide in women with osteoporosis 50 years and older (n=43,352) in this analysis of real-world dataBOSTON, MA / ACCESSWIRE / April 16, 2024 / Radius Pharmaceuticals, Inc., a wholly owned subsidiary of Radius Health, Inc. ("Radius" or the "Company"), a specialty biopharmaceutical company focused on bone health, presented real-world evidence from an analysis comparing the effectiveness of TYMLOS® (ABL) to teriparatide (TPTD) in women with osteoporosis ages 50 years and older who were new to anabolic therapy (n=43,352). In this analysis of over 18-months of treatment, abaloparatide demonstrated a
Nonferrous and Finished Steel Sales Volumes Up Year-Over-Year Increased Cost Reduction Target by $40 Million Radius Board Declares Quarterly Dividend PORTLAND, Ore., April 04, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today reported results for the second quarter of fiscal 2024 ended February 29, 2024. The Company reported a loss per share from continuing operations of $(1.19) and a net loss of $(34) million. Adjusted EBITDA was $3 million and adjusted loss per share from continuing operations was $(1.04). Market conditions during the second quarter remained challenging, as tight supply flows for recycled metals and unusually wet winter weathe
Nonferrous and Finished Steel Sales Volumes Up Year-over-Year Cost Reduction Target Increased PORTLAND, Ore., March 14, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today announced preliminary results for its fiscal 2024 second quarter ended February 29, 2024. Second Quarter Fiscal 2024 Expected Performance The Company anticipates: Net loss to be approximately $(35) million. Loss per share from continuing operations to be in the range of $(1.19) - $(1.24).Adjusted EBITDA to be approximately $2 million, and adjusted loss per share from continuing operations to be in the range of $(1.05) - $(1.10). Market Conditions, Prices, and Volumes. Tight supply flows for recycled
Company Honored with Title for Ten Consecutive Years Radius Recycling, Inc. (NASDAQ:RDUS), a global leader in metals recycling, has been recognized as one of the 2024 World's Most Ethical Companies by Ethisphere, a world leader in defining and advancing the standards of ethical business practices. Radius is among this year's 136 honorees spanning 20 countries and 44 industries. This is the tenth consecutive year in which Radius has earned its place among Ethisphere's honorees, a distinguished group of companies building capable and empowered workforces and fostering corporate cultures focused on ethics and purpose. "We are honored to be recognized as one of the World's Most Ethical Co
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Submission status for RADIUS HEALTH INC's drug TYMLOS (SUPPL-13) with active ingredient ABALOPARATIDE has changed to 'Approval' on 12/19/2022. Application Category: NDA, Application Number: 208743, Application Classification: Efficacy
Submission status for RADIUS HEALTH INC's drug TYMLOS (SUPPL-10) with active ingredient ABALOPARATIDE has changed to 'Approval' on 12/22/2021. Application Category: NDA, Application Number: 208743, Application Classification: Efficacy
Submission status for RADIUS HEALTH INC's drug TYMLOS (SUPPL-10) with active ingredient ABALOPARATIDE has changed to 'Tentative Approval' on 10/28/2021. Application Category: NDA, Application Number: 208743, Application Classification: Efficacy
Submission status for RADIUS HEALTH INC's drug TYMLOS (SUPPL-9) with active ingredient ABALOPARATIDE has changed to 'Approval' on 09/20/2021. Application Category: NDA, Application Number: 208743, Application Classification: Efficacy
8-K - RADIUS RECYCLING, INC. (0000912603) (Filer)
8-K - RADIUS RECYCLING, INC. (0000912603) (Filer)
8-K - RADIUS RECYCLING, INC. (0000912603) (Filer)
10-K - RADIUS RECYCLING, INC. (0000912603) (Filer)
8-K - RADIUS RECYCLING, INC. (0000912603) (Filer)
10-Q - RADIUS RECYCLING, INC. (0000912603) (Filer)
8-K - RADIUS RECYCLING, INC. (0000912603) (Filer)
8-K - RADIUS RECYCLING, INC. (0000912603) (Filer)
SD - RADIUS RECYCLING, INC. (0000912603) (Filer)
10-Q - RADIUS RECYCLING, INC. (0000912603) (Filer)
Significant Sequential Improvement in Operating and Financial Performance in Q4 Ferrous, Nonferrous and Finished Steel Sales Volumes Up Sequentially Radius Board Declares Quarterly Dividend PORTLAND, Ore., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today reported results for the fourth quarter and fiscal year ended August 31, 2024. The Company reported a net loss of $(16) million, or $(13) per ferrous ton, and a loss per share from continuing operations in the fourth quarter of fiscal 2024 of $(0.56), a significant improvement compared to the third quarter which included a material goodwill impairment charge. Adjusted EBITDA in the fourth quarter was $17 mi
PORTLAND, Ore., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) announced that the Company will report financial results for its fourth quarter and fiscal 2024 ended August 31, 2024 on Thursday, October 24, 2024. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Radius Recycling's website at www.radiusrecycling.com/company/investors. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Stefano Gaggini, Senior Vice President and Chief Financial Officer. About Radius Recycling, Inc. Radiu
Ferrous, Nonferrous and Finished Steel Sales Volumes Up Sequentially Radius Board Declares Quarterly Dividend PORTLAND, Ore., July 02, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today reported results for the third quarter of fiscal 2024 ended May 31, 2024. The Company's reported and adjusted results differed significantly this quarter. Due primarily to a non-cash goodwill impairment charge reflecting the challenging market conditions for recycled metals experienced during the last year, the Company reported a loss per share from continuing operations of $(6.97) and a net loss of $(199) million in the third quarter. These results included
PORTLAND, Ore., June 18, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) announced that the Company will report financial results for its third quarter fiscal 2024 ended May 31, 2024 on Tuesday, July 2, 2024. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Radius Recycling's website at www.radiusrecycling.com/company/investors. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Stefano Gaggini, Senior Vice President and Chief Financial Officer. About Radius Recycling, Inc. Radius Recycling, I
Nonferrous and Finished Steel Sales Volumes Up Year-Over-Year Increased Cost Reduction Target by $40 Million Radius Board Declares Quarterly Dividend PORTLAND, Ore., April 04, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today reported results for the second quarter of fiscal 2024 ended February 29, 2024. The Company reported a loss per share from continuing operations of $(1.19) and a net loss of $(34) million. Adjusted EBITDA was $3 million and adjusted loss per share from continuing operations was $(1.04). Market conditions during the second quarter remained challenging, as tight supply flows for recycled metals and unusually wet winter weathe
Nonferrous and Finished Steel Sales Volumes Up Year-over-Year Cost Reduction Target Increased PORTLAND, Ore., March 14, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ:RDUS) today announced preliminary results for its fiscal 2024 second quarter ended February 29, 2024. Second Quarter Fiscal 2024 Expected Performance The Company anticipates: Net loss to be approximately $(35) million. Loss per share from continuing operations to be in the range of $(1.19) - $(1.24).Adjusted EBITDA to be approximately $2 million, and adjusted loss per share from continuing operations to be in the range of $(1.05) - $(1.10). Market Conditions, Prices, and Volumes. Tight supply flows for recycled
Ferrous, Nonferrous and Finished Steel Sales Volumes Up Year-Over-Year Radius Board Declares Quarterly Dividend Schnitzer Steel Industries, Inc. dba Radius Recycling (NASDAQ:RDUS) today reported results for the first quarter of fiscal 2024 ended November 30, 2023. The Company reported a loss per share from continuing operations of $(0.64) and a net loss of $(18) million. Adjusted loss per share from continuing operations was $(0.64) and adjusted EBITDA was $1 million. Operating performance in the first quarter reflected sequentially tighter supply flows for recycled metals, which, together with lower average net selling prices for the Company's products, resulted in a compression of
Schnitzer Steel Industries, Inc. dba Radius Recycling (NASDAQ:RDUS) announced that the Company will report financial results for its first quarter fiscal 2024 ended November 30, 2023 on Thursday, January 4, 2024. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Radius Recycling's website at www.radiusrecycling.com/company/investors. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Stefano Gaggini, Senior Vice President and Chief Financial Officer. About Schnitzer Steel Industries, Inc. dba Radius Recycling
Strong Operating Cash Flow of $135 Million in the Fourth Quarter Radius Board Declares Quarterly Dividend Schnitzer Steel Industries, Inc. dba Radius Recycling (NASDAQ:RDUS) today reported results for the fourth quarter of fiscal 2023 ended August 31, 2023. The Company reported a net loss of $(26) million, or $(23) per ferrous ton, and a loss per share from continuing operations in the fourth quarter of $(0.92), all of which include non-cash goodwill and other asset impairment charges of $45 million, or $1.61 per share. Adjusted earnings per share from continuing operations were $0.47 in the fourth quarter and adjusted EBITDA was $49 million, or $44 per ferrous ton. The Company genera
Schnitzer Steel Industries, Inc. dba Radius Recycling (NASDAQ:RDUS) announced that the Company will report financial results for its fourth quarter and fiscal 2023 ended August 31, 2023 on Wednesday, October 25, 2023. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed under the Events Calendar on Radius Recycling's website at www.radiusrecycling.com/company/investors. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Stefano Gaggini, Senior Vice President and Chief Financial Officer. About Schnitzer Steel Indust
U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from Fed Chair Jerome Powell. Speaking at the European Central Bank (ECB) forum in Portugal, Powell welcomed recent progress on disinflation and noted that the labor market is “appropriately cooling,” reinforcing market expectations for reduced borrowing costs later this year. He anticipates inflation to be between 2% and 2.5% by this time next year but did not commit to a specific course of action. Powell also highlighted the unsustainable trajectory of the U.S. national debt, labeling it a “top-level issue” for policymakers a
Radius Recycling, Inc. (NASDAQ:RDUS) shares are trading lower after the company reported worse-than-expected third-quarter sales results. Revenue stood at $674 million, missing the consensus of $693.9 million. Ferrous sales volumes (LT, in thousands) decreased to 1,112 from 1,157 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $8 compared to $48 in the prior year quarter. Average net ferrous sales prices ($/LT) fell to $350 from $413 last year. Finished steel average net sales price ($/ST) came in at $817 (vs. 924 a year ago), and sales volumes (ST, in thousands) of 126 (vs. 142 in the comparable period). Gross margin declined to $46 million from $96 million a year ag
Schnitzer Steel (NASDAQ:RDUS) reported quarterly losses of $(0.59) per share which beat the analyst consensus estimate of $(0.66) by 10.61 percent. The company reported quarterly sales of $673.920 million which missed the analyst consensus estimate of $693.900 million by 2.88 percent. This is a 16.76 percent decrease over sales of $809.610 million the same period last year.
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Neutral” zone on Monday. U.S. stocks recorded gains on Monday, with the Nasdaq Composite settling at a record level during the session. Shares of Microsoft Corp. (NASDAQ:MSFT) gained 2.2%, while Apple Inc. (NASDAQ:AAPL) gained around 2.9% on Monday. The technology-heavy Nasdaq jumped 18.1% in the first half of the year, while the S&P 500 surged 14.5%. Most sectors on the S&P 500 closed on a negative note, with materials, industrials, and real estate stocks recording the biggest losses on Monday. However, information technology and consumer discretionary stock
With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects MSC Industrial Direct Co., Inc. (NYSE:MSM) to report quarterly earnings at $1.50 per share on revenue of $1.01 million before the opening bell, according to data from Benzinga Pro. MSC Industrial Direct shares gained 1.1% to $79.10 in the after-hours trading session. Y-mAbs Therapeutics, Inc. (NASDAQ:YMAB) named Peter Pfreundschuh as Chief Financial Officer, effective June 28. Y-mAbs Therapeutics shares fell 2.3% to $11.56 in the after-hours trading session. Analysts are expecting Radius Recycling, Inc. (NASDAQ:RDUS) to post a quar
Top Stories for May 30, 2024: 1. U.S. Steel (NYSE:X) and Nippon Steel have received all necessary regulatory approvals outside the U.S. for their proposed transaction. Approvals came from various international competition authorities, including those in the EU, Mexico, Serbia, Slovakia, Turkey and the UK. U.S. Steel CEO David B. Burritt stated that the approvals confirm the transaction’s pro-competitive nature and its strategic benefits, enhancing the firm's position as a leading global steelmaker and strengthening the U.S.-Japan alliance against China. 2. After over five weeks of discussions, BHP (NYSE:BHP) couldn't reach an agreement to acquire Anglo American (OTC:AAUKF) due
Seaport Global analyst Martin Englert upgrades Radius Recycling (NASDAQ:RDUS) from Sell to Neutral.
Top Stories for April 4, 2024: Radius Recycling (NASDAQ:RDUS) reported a fiscal second-quarter loss of $34 million (per-share loss of $1.19), adjusted EBITDA of $3 million and per-share loss of $1.04 from continuing operations. The company faced challenges in the quarter due to tight recycled metal supplies, adverse weather and low U.S. manufacturing activity. Ferrous sales dropped 15% quarter-over-quarter, nonferrous sales fell 3% but grew 7% year-over-year and finished steel sales rose 5% year-over-year but fell 11% quarter-over-quarter. The company initiated a plan to cut SG&A by 10% and improve production efficiency, aiming for $40 million in annual benefits and adding t
Radius Recycling, Inc. (NASDAQ:RDUS) shares are trading lower after it reported second-quarter (Q2) financial results for 2024. Revenue stood at $621.06 million, beating the consensus of $626.15 million. Gross margin declined to $40 million from $73 million a year ago, and adjusted EBITDA decreased to $3 million, compared to $32 million a year ago. Ferrous sales volumes (LT, in thousands) decreased to 980 from 1,263 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $3 compared to $25 in the prior-year quarter. Avg. net ferrous sales prices ($/LT) rose to $384 from $367 in Q2 FY23. Finished steel average net sales price ($/ST) came in at $832 (vs. 943 a year ago), and sa
Seaport Research Partners upgraded Radius Recycling from Sell to Neutral
Seaport Research Partners downgraded Radius Recycling from Neutral to Sell and set a new price target of $17.50
Seaport Research Partners initiated coverage of Radius Recycling with a rating of Neutral
BofA Securities upgraded Radius Health from Underperform to Neutral and set a new price target of $8.00
SVB Leerink initiated coverage of Radius Health with a rating of Mkt Perform and set a new price target of $7.00
Morgan Stanley downgraded Radius Health from Equal-Weight to Underweight and set a new price target of $7.00 from $18.00 previously
Goldman Sachs downgraded Radius Health from Buy to Neutral and set a new price target of $12.00 from $33.00 previously
SVB Leerink reiterated coverage of Radius Health with a rating of Market Perform and set a new price target of $20.00 from $30.00 previously
HC Wainwright & Co. reiterated coverage of Radius Health with a rating of Neutral and set a new price target of $10.00 from $23.00 previously
BofA Securities initiated coverage of Radius Health with a rating of Underperform and set a new price target of $16.00