Equities analysts predict that Ryerson Holding Corp (NYSE:RYI) will report $911.99 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Ryerson’s earnings, with estimates ranging from $901.97 million to $922.00 million. Ryerson posted sales of $814.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The company is scheduled to announce its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Ryerson will report full year sales of $911.99 million for the current year, with estimates ranging from $3.59 billion to $3.72 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.82 billion per share, with estimates ranging from $3.78 billion to $3.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Ryerson.
Ryerson (NYSE:RYI) last posted its quarterly earnings data on Monday, March 5th. The basic materials company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.15). Ryerson had a negative return on equity of 71.60% and a net margin of 0.51%. The company had revenue of $810.00 million for the quarter, compared to analysts’ expectations of $810.20 million. During the same period in the previous year, the business posted ($0.19) EPS. The business’s revenue for the quarter was up 18.8% on a year-over-year basis.
RYI has been the subject of several recent research reports. Zacks Investment Research cut shares of Ryerson from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Jefferies Group reissued a “hold” rating and issued a $11.00 price target on shares of Ryerson in a research report on Tuesday, January 9th. ValuEngine cut shares of Ryerson from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Finally, TheStreet raised shares of Ryerson from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Ryerson has a consensus rating of “Hold” and an average target price of $11.25.
Several institutional investors and hedge funds have recently made changes to their positions in RYI. Luminus Management LLC acquired a new stake in shares of Ryerson in the 4th quarter valued at $16,162,000. Dimensional Fund Advisors LP raised its holdings in shares of Ryerson by 42.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 782,418 shares of the basic materials company’s stock valued at $7,745,000 after purchasing an additional 234,747 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Ryerson by 1,111.8% in the 3rd quarter. Wells Fargo & Company MN now owns 246,515 shares of the basic materials company’s stock valued at $2,674,000 after purchasing an additional 226,172 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Ryerson by 5.8% in the 4th quarter. BlackRock Inc. now owns 1,269,191 shares of the basic materials company’s stock valued at $13,199,000 after purchasing an additional 69,241 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Ryerson in the 3rd quarter valued at $431,000. Institutional investors and hedge funds own 39.65% of the company’s stock.
Shares of Ryerson (NYSE RYI) traded down $0.20 during mid-day trading on Monday, reaching $8.95. 146,595 shares of the company’s stock traded hands, compared to its average volume of 251,835. The company has a debt-to-equity ratio of -138.43, a current ratio of 2.74 and a quick ratio of 1.21. Ryerson has a 52 week low of $7.65 and a 52 week high of $14.65. The stock has a market cap of $331.16, a PE ratio of 52.35 and a beta of 1.75.
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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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