Wall Street brokerages forecast that Ryerson Holding Corporation (NYSE:RYI) will report earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ryerson Holding Corporation’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.35. Ryerson Holding Corporation reported earnings of $0.28 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 53.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that Ryerson Holding Corporation will report full-year earnings of $1.12 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.26. For the next year, analysts anticipate that the company will report earnings of $1.55 per share, with EPS estimates ranging from $1.31 to $1.69. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Ryerson Holding Corporation.

Ryerson Holding Corporation (NYSE:RYI) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.05. The firm had revenue of $875.40 million during the quarter, compared to analysts’ expectations of $875.13 million. Ryerson Holding Corporation had a net margin of 0.48% and a negative return on equity of 53.49%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS.

Several research firms have recently weighed in on RYI. BidaskClub cut shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. ValuEngine cut shares of Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BMO Capital Markets reissued a “hold” rating and set a $13.00 price objective on shares of Ryerson Holding Corporation in a report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.33.

Ryerson Holding Corporation (RYI) traded down 3.53% during midday trading on Monday, reaching $8.20. 344,232 shares of the company’s stock traded hands. The firm has a market cap of $304.84 million, a PE ratio of 14.62 and a beta of 2.11. The firm’s 50-day moving average is $9.15 and its 200 day moving average is $10.52. Ryerson Holding Corporation has a 52-week low of $7.80 and a 52-week high of $16.85.

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In other Ryerson Holding Corporation news, CEO Edward J. Lehner bought 5,000 shares of Ryerson Holding Corporation stock in a transaction on Tuesday, May 30th. The stock was acquired at an average cost of $8.76 per share, with a total value of $43,800.00. Following the completion of the acquisition, the chief executive officer now owns 115,470 shares in the company, valued at $1,011,517.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 16,580 shares of company stock valued at $140,023 over the last three months. 0.76% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Scopus Asset Management L.P. boosted its stake in shares of Ryerson Holding Corporation by 78.2% in the first quarter. Scopus Asset Management L.P. now owns 574,549 shares of the basic materials company’s stock worth $7,239,000 after buying an additional 252,089 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Ryerson Holding Corporation during the first quarter worth approximately $2,210,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Ryerson Holding Corporation during the second quarter worth approximately $1,648,000. Sanders Morris Harris Inc. acquired a new stake in shares of Ryerson Holding Corporation during the first quarter worth approximately $2,021,000. Finally, Menta Capital LLC acquired a new stake in shares of Ryerson Holding Corporation during the first quarter worth approximately $1,951,000. 39.66% of the stock is owned by institutional investors and hedge funds.

About Ryerson Holding Corporation

Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.

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Earnings History and Estimates for Ryerson Holding Corporation (NYSE:RYI)

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