Ryerson Holding Corp (NYSE:RYI) – Research analysts at KeyCorp upped their FY2018 earnings per share (EPS) estimates for shares of Ryerson in a report issued on Thursday. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings of $1.05 per share for the year, up from their previous estimate of $1.00. KeyCorp currently has a “Buy” rating and a $13.50 price target on the stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Ryerson from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. Jefferies Group restated a “hold” rating and set a $9.75 target price on shares of Ryerson in a report on Friday, November 10th. Finally, BMO Capital Markets restated a “hold” rating and set a $13.00 target price on shares of Ryerson in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $11.50.
Shares of Ryerson (RYI) traded up $0.45 during mid-day trading on Friday, hitting $12.45. The stock had a trading volume of 480,378 shares, compared to its average volume of 175,483. The company has a quick ratio of 1.08, a current ratio of 2.49 and a debt-to-equity ratio of -70.93. The company has a market capitalization of $446.50, a PE ratio of 51.88 and a beta of 2.07. Ryerson has a 12 month low of $7.65 and a 12 month high of $14.65.
Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, November 7th. The basic materials company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $864.20 million for the quarter, compared to analysts’ expectations of $853.35 million. Ryerson had a negative return on equity of 33.95% and a net margin of 0.26%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share.
A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Ryerson by 11.5% in the third quarter. Dimensional Fund Advisors LP now owns 872,310 shares of the basic materials company’s stock valued at $9,462,000 after acquiring an additional 89,892 shares during the last quarter. Thrivent Financial For Lutherans bought a new position in Ryerson in the second quarter valued at about $2,754,000. Wells Fargo & Company MN boosted its holdings in Ryerson by 1,111.8% in the third quarter. Wells Fargo & Company MN now owns 246,515 shares of the basic materials company’s stock valued at $2,674,000 after acquiring an additional 226,172 shares during the last quarter. State Street Corp boosted its holdings in Ryerson by 5.0% in the second quarter. State Street Corp now owns 213,745 shares of the basic materials company’s stock valued at $2,119,000 after acquiring an additional 10,141 shares during the last quarter. Finally, Benefit Street Partners LLC boosted its holdings in Ryerson by 193.6% in the second quarter. Benefit Street Partners LLC now owns 200,000 shares of the basic materials company’s stock valued at $1,980,000 after acquiring an additional 131,875 shares during the last quarter. Institutional investors and hedge funds own 39.28% of the company’s stock.
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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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