$0.06 EPS Expected for Ryerson Holding Corp (RYI) This Quarter

Equities research analysts forecast that Ryerson Holding Corp (NYSE:RYI) will post $0.06 earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for Ryerson’s earnings. The highest EPS estimate is $0.15 and the lowest is ($0.06). Ryerson reported earnings per share of ($0.19) in the same quarter last year, which would suggest a positive year over year growth rate of 131.6%. The firm is scheduled to issue its next earnings report on Monday, March 12th.

On average, analysts expect that Ryerson will report full year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.61. For the next year, analysts forecast that the firm will report earnings of $1.39 per share, with EPS estimates ranging from $0.95 to $1.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Ryerson.

RYI has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Ryerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. BMO Capital Markets reissued a “hold” rating and set a $13.00 price objective on shares of Ryerson in a research report on Friday, October 20th. Jefferies Group reissued a “hold” rating and set a $9.75 price objective on shares of Ryerson in a research report on Friday, November 10th. Finally, TheStreet raised shares of Ryerson from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $11.50.

Hedge funds have recently modified their holdings of the company. First Trust Advisors LP bought a new stake in shares of Ryerson during the 3rd quarter valued at $134,000. Ameriprise Financial Inc. bought a new stake in shares of Ryerson during the 2nd quarter valued at $138,000. Rhumbline Advisers grew its position in shares of Ryerson by 26.0% during the 2nd quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock valued at $180,000 after acquiring an additional 3,740 shares during the period. Wells Fargo & Company MN grew its position in shares of Ryerson by 5.8% during the 2nd quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock valued at $202,000 after acquiring an additional 1,109 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Ryerson by 140.0% during the 2nd quarter. Alliancebernstein L.P. now owns 24,000 shares of the basic materials company’s stock valued at $238,000 after acquiring an additional 14,000 shares during the period. 39.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Ryerson (RYI) opened at $9.75 on Monday. The company has a debt-to-equity ratio of -70.93, a current ratio of 2.49 and a quick ratio of 1.08. Ryerson has a 1 year low of $7.65 and a 1 year high of $14.65. The company has a market cap of $362.47, a P/E ratio of 42.39 and a beta of 1.84.

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

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