Analysts expect Ryerson Holding Corp (NYSE:RYI) to post earnings per share of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ryerson’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.32. Ryerson reported earnings of $0.45 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 24.4%. The firm is scheduled to issue its next earnings report on Monday, August 3rd.
According to Zacks, analysts expect that Ryerson will report full year earnings of $0.24 per share for the current year, with EPS estimates ranging from ($0.05) to $0.47. For the next year, analysts anticipate that the company will post earnings of $0.81 per share, with EPS estimates ranging from $0.38 to $1.12. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Ryerson.
Ryerson (NYSE:RYI) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.07. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. Ryerson had a return on equity of 33.83% and a net margin of 1.62%.
RYI has been the subject of several analyst reports. BMO Capital Markets cut their price target on shares of Ryerson from $9.00 to $6.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. ValuEngine upgraded shares of Ryerson from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ryerson from $10.50 to $7.50 and set a “neutral” rating on the stock in a research note on Friday, April 17th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.13.
NYSE:RYI traded down $0.02 on Tuesday, hitting $5.63. The stock had a trading volume of 180,515 shares, compared to its average volume of 183,475. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.36 and a current ratio of 2.71. The stock has a market cap of $204.31 million, a P/E ratio of 3.09 and a beta of 1.79. Ryerson has a 1 year low of $3.76 and a 1 year high of $12.54. The firm’s fifty day simple moving average is $5.37 and its two-hundred day simple moving average is $7.49.
In related news, Director Stephen P. Larson bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average cost of $4.35 per share, for a total transaction of $43,500.00. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $217,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.23% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. increased its holdings in Ryerson by 51.3% in the 4th quarter. Citigroup Inc. now owns 3,331 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 1,129 shares in the last quarter. Rhumbline Advisers increased its holdings in Ryerson by 5.3% in the 4th quarter. Rhumbline Advisers now owns 24,098 shares of the basic materials company’s stock worth $285,000 after acquiring an additional 1,209 shares in the last quarter. Swiss National Bank increased its holdings in Ryerson by 5.9% in the 4th quarter. Swiss National Bank now owns 32,500 shares of the basic materials company’s stock worth $384,000 after acquiring an additional 1,800 shares in the last quarter. Martingale Asset Management L P increased its holdings in Ryerson by 2.4% in the 1st quarter. Martingale Asset Management L P now owns 110,356 shares of the basic materials company’s stock worth $588,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Ryerson by 15.6% in the 1st quarter. Alliancebernstein L.P. now owns 27,400 shares of the basic materials company’s stock worth $146,000 after acquiring an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.
Ryerson Company Profile
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structurals, and tubing.
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