Wall Street brokerages expect Ryerson Holding Corp (NYSE:RYI) to announce earnings per share of $0.83 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Ryerson’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.75. Ryerson posted earnings of $0.46 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 80.4%. The firm is scheduled to issue its next earnings report on Wednesday, August 7th.
On average, analysts expect that Ryerson will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $1.97 to $2.65. For the next financial year, analysts anticipate that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.25 to $2.86. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Ryerson.
Ryerson (NYSE:RYI) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.22. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. Ryerson had a return on equity of 76.79% and a net margin of 2.66%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Ryerson from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, May 8th. ValuEngine cut shares of Ryerson from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 11th. Finally, Deutsche Bank cut shares of Ryerson from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research report on Wednesday, April 10th.
In other news, Director Stephen P. Larson bought 20,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average price of $8.55 per share, with a total value of $171,000.00. Following the transaction, the director now directly owns 40,000 shares in the company, valued at $342,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Burbach bought 4,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of $8.49 per share, for a total transaction of $33,960.00. Following the transaction, the insider now owns 110,090 shares in the company, valued at $934,664.10. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 29,171 shares of company stock worth $248,176. 1.36% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of RYI. Bank of New York Mellon Corp grew its stake in shares of Ryerson by 96.1% during the third quarter. Bank of New York Mellon Corp now owns 169,020 shares of the basic materials company’s stock worth $1,910,000 after purchasing an additional 82,820 shares during the period. Teachers Advisors LLC grew its stake in shares of Ryerson by 19.5% during the third quarter. Teachers Advisors LLC now owns 43,955 shares of the basic materials company’s stock worth $497,000 after purchasing an additional 7,184 shares during the period. Vanguard Group Inc. grew its stake in shares of Ryerson by 1.2% during the third quarter. Vanguard Group Inc. now owns 808,617 shares of the basic materials company’s stock worth $9,137,000 after purchasing an additional 9,565 shares during the period. Rhumbline Advisers grew its stake in Ryerson by 48.7% in the fourth quarter. Rhumbline Advisers now owns 20,940 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 6,860 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Ryerson by 7.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 80,969 shares of the basic materials company’s stock valued at $513,000 after acquiring an additional 5,844 shares during the period. 35.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE RYI opened at $7.73 on Friday. Ryerson has a fifty-two week low of $5.99 and a fifty-two week high of $12.85. The stock has a market capitalization of $287.91 million, a P/E ratio of 7.22 and a beta of 1.92. The company has a current ratio of 2.34, a quick ratio of 1.01 and a debt-to-equity ratio of 10.69.
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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