Ryerson Holding Corporation (NYSE:RYI) – KeyCorp issued their Q3 2017 earnings per share (EPS) estimates for shares of Ryerson Holding Corporation in a research report issued on Wednesday. KeyCorp analyst P. Gibbs anticipates that the basic materials company will post earnings per share of $0.20 for the quarter.

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

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Other research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Ryerson Holding Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 16th. BidaskClub downgraded shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, TheStreet raised shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Ryerson Holding Corporation presently has a consensus rating of “Hold” and a consensus price target of $14.60.

Ryerson Holding Corporation (NYSE:RYI) opened at 7.95 on Monday. The firm has a market capitalization of $295.55 million, a PE ratio of 19.73 and a beta of 2.11. The firm has a 50-day moving average of $8.79 and a 200 day moving average of $10.30. Ryerson Holding Corporation has a 12 month low of $7.75 and a 12 month high of $16.85.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in Ryerson Holding Corporation by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 36,102 shares of the basic materials company’s stock valued at $455,000 after buying an additional 430 shares during the period. Nordea Investment Management AB increased its position in shares of Ryerson Holding Corporation by 0.8% in the second quarter. Nordea Investment Management AB now owns 132,600 shares of the basic materials company’s stock valued at $1,313,000 after buying an additional 1,100 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Ryerson Holding Corporation by 5.8% in the second quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock valued at $202,000 after buying an additional 1,109 shares during the last quarter. Capital Fund Management S.A. increased its position in shares of Ryerson Holding Corporation by 16.6% in the first quarter. Capital Fund Management S.A. now owns 16,428 shares of the basic materials company’s stock valued at $207,000 after buying an additional 2,335 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Ryerson Holding Corporation by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 74,245 shares of the basic materials company’s stock valued at $936,000 after buying an additional 2,404 shares during the last quarter. 39.74% of the stock is currently owned by hedge funds and other institutional investors.

In other Ryerson Holding Corporation news, CEO Edward J. Lehner purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $8.76 per share, with a total value of $43,800.00. Following the completion of the purchase, the chief executive officer now owns 115,470 shares of the company’s stock, valued at approximately $1,011,517.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Burbach purchased 4,800 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $8.50 per share, for a total transaction of $40,800.00. Following the completion of the purchase, the insider now directly owns 57,800 shares of the company’s stock, valued at approximately $491,300. The disclosure for this purchase can be found here. Insiders have acquired 28,330 shares of company stock worth $235,329 over the last three months. Insiders own 0.76% of the company’s stock.

Ryerson Holding Corporation Company Profile

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.

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

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