Brokers Set Expectations for Sims Limited’s FY2023 Earnings (OTCMKTS:SMSMY)
Sims Limited (OTCMKTS:SMSMY – Get Rating) – Equities research analysts at Jefferies Financial Group increased their FY2023 EPS estimates for shares of Sims in a research note issued on Monday, June 13th. Jefferies Financial Group analyst S. Thackray now forecasts that the industrial products company will post earnings per share of $1.06 for the year, up from their prior forecast of $0.92. The consensus estimate for Sims’ current full-year earnings is $1.73 per share.
Separately, The Goldman Sachs Group downgraded Sims from a “buy” rating to a “neutral” rating in a research report on Monday, May 16th.
OTCMKTS SMSMY opened at $11.52 on Thursday. The company has a 50-day moving average price of $13.90 and a two-hundred day moving average price of $12.87. Sims has a 52 week low of $9.00 and a 52 week high of $16.99.
About Sims (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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