Jefferies Financial Group Weighs in on Sims Limited’s FY2023 Earnings (OTCMKTS:SMSMY)

Sims Limited (OTCMKTS:SMSMYGet 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 %

Shares of SMSMY stock opened at $8.25 on Wednesday. Sims has a 12-month low of $7.75 and a 12-month high of $16.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 1.73. The firm’s 50 day moving average is $8.46 and its 200 day moving average is $10.00.

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

(Get Rating)

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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Earnings History and Estimates for Sims (OTCMKTS:SMSMY)

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