Ryerson Holding Corporation (RYI) to Release Quarterly Earnings on Tuesday
Ryerson Holding Corporation (NYSE:RYI) is set to announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.
Ryerson Holding Corporation (NYSE:RYI) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). The business had revenue of $875.40 million for the quarter, compared to analyst estimates of $875.13 million. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. On average, analysts expect Ryerson Holding Corporation to post $0.58 EPS for the current fiscal year and $1.42 EPS for the next fiscal year.
Shares of Ryerson Holding Corporation (RYI) opened at 9.00 on Tuesday. Ryerson Holding Corporation has a 52 week low of $7.65 and a 52 week high of $16.85. The firm has a market cap of $334.58 million, a PE ratio of 22.33 and a beta of 2.19. The company’s 50-day moving average is $9.47 and its 200-day moving average is $9.49.
A number of research firms have commented on RYI. BMO Capital Markets reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Ryerson Holding Corporation in a report on Friday, October 20th. Zacks Investment Research downgraded shares of Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. KeyCorp reaffirmed a “buy” rating and issued a $13.50 price objective on shares of Ryerson Holding Corporation in a report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.25 price objective on shares of Ryerson Holding Corporation in a report on Thursday, September 7th. Finally, TheStreet raised shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.44.
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In other Ryerson Holding Corporation news, insider Michael Burbach acquired 4,800 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $8.50 per share, with a total value of $40,800.00. Following the completion of the acquisition, the insider now directly owns 57,800 shares in the company, valued at approximately $491,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders acquired 15,950 shares of company stock valued at $130,716. 0.76% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Ryerson Holding Corporation stock. California State Teachers Retirement System grew its position in shares of Ryerson Holding Corporation (NYSE:RYI) by 11.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,312 shares of the basic materials company’s stock after acquiring an additional 3,000 shares during the quarter. California State Teachers Retirement System owned about 0.08% of Ryerson Holding Corporation worth $280,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 40.83% 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.
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