Equities analysts forecast that Ryerson Holding Corp (NYSE:RYI) will report earnings per share of $0.06 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Ryerson’s earnings, with estimates ranging from ($0.06) to $0.15. Ryerson reported earnings per share of ($0.19) during the same quarter last year, which suggests a positive year-over-year growth rate of 131.6%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, March 5th.
On average, analysts expect that Ryerson will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.61. For the next year, analysts expect that the company will post 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 firms that that provide coverage for Ryerson.
Several research firms have weighed in on RYI. Zacks Investment Research downgraded shares of Ryerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 10th. TheStreet upgraded shares of Ryerson from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. BMO Capital Markets dropped their target price on shares of Ryerson to $10.00 and set a “market perform” rating for the company in a report on Monday, November 13th. Finally, Jefferies Group restated a “hold” rating and set a $9.75 target price on shares of Ryerson in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $11.50.
Large investors have recently bought and sold shares of the business. Highbridge Capital Management LLC purchased a new position in Ryerson during the 3rd quarter valued at about $431,000. Swiss National Bank acquired a new stake in shares of Ryerson during the 2nd quarter worth about $275,000. First Trust Advisors LP acquired a new stake in shares of Ryerson during the 3rd quarter worth about $134,000. Alliancebernstein L.P. boosted its stake 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 worth $238,000 after purchasing an additional 14,000 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its stake in shares of Ryerson by 83.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 68,790 shares of the basic materials company’s stock worth $746,000 after purchasing an additional 31,218 shares during the last quarter. Hedge funds and other institutional investors own 40.93% of the company’s stock.
Ryerson (RYI) opened at $11.50 on Thursday. The company has a current ratio of 2.49, a quick ratio of 1.08 and a debt-to-equity ratio of -70.93. Ryerson has a twelve month low of $7.65 and a twelve month high of $14.65. The firm has a market cap of $424.18, a PE ratio of 50.00 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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