Sims Limited (OTCMKTS:SMSMY – Get Rating) – Equities research analysts at Jefferies Financial Group reduced their FY2023 EPS estimates for Sims in a research note issued to investors on Sunday, November 20th. Jefferies Financial Group analyst S. Thackray now anticipates that the industrial products company will post earnings per share of $0.44 for the year, down from their previous estimate of $1.06. The consensus estimate for Sims’ current full-year earnings is $0.39 per share. Jefferies Financial Group also issued estimates for Sims’ FY2024 earnings at $0.75 EPS.
Separately, Credit Suisse Group cut shares of Sims from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 9th.
Sims Trading Up 2.1 %
Sims Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, October 31st. Stockholders of record on Tuesday, October 4th were paid a dividend of $0.1551 per share. This represents a dividend yield of 4.92%. The ex-dividend date of this dividend was Monday, October 3rd. This is a boost from Sims’s previous dividend of $0.13.
Sims Company Profile
Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services.
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