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

Sims Limited (OTCMKTS:SMSMYGet Rating) – Investment analysts at Jefferies Financial Group dropped their FY2023 EPS estimates for Sims in a report released on Sunday, November 20th. Jefferies Financial Group analyst S. Thackray now expects that the industrial products company will earn $0.44 per share for the year, down from their prior estimate of $1.06. The consensus estimate for Sims’ current full-year earnings is $0.69 per share. Jefferies Financial Group also issued estimates for Sims’ FY2024 earnings at $0.75 EPS.

Separately, Credit Suisse Group lowered shares of Sims from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 9th.

Sims Trading Up 2.1 %

Shares of OTCMKTS:SMSMY opened at $8.25 on Wednesday. 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 has a fifty day moving average price of $8.49 and a 200 day moving average price of $10.01. Sims has a fifty-two week low of $7.75 and a fifty-two week high of $16.99.

Sims Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, October 31st. Investors of record on Tuesday, October 4th were paid a dividend of $0.1551 per share. This is an increase from Sims’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, October 3rd. This represents a yield of 4.92%.

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.

Further Reading

Earnings History and Estimates for Sims (OTCMKTS:SMSMY)

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