Wall Street brokerages forecast that Ryerson Holding Corporation (NYSE:RYI) will post earnings of $0.07 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Ryerson Holding Corporation’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.27. Ryerson Holding Corporation reported earnings of $0.52 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 86.5%. The firm is expected to report its next earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that Ryerson Holding Corporation will report full-year earnings of $1.12 per share for the current year, with EPS estimates ranging from $0.95 to $1.26. For the next year, analysts anticipate that the company will post earnings of $1.55 per share, with EPS estimates ranging from $1.31 to $1.69. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Ryerson Holding Corporation.
Ryerson Holding Corporation (NYSE:RYI) last released its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. The business had revenue of $814.50 million during the quarter, compared to analysts’ expectations of $788.38 million. Ryerson Holding Corporation had a negative return on equity of 61.00% and a net margin of 0.67%.
A number of brokerages have commented on RYI. ValuEngine cut Ryerson Holding Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 16th. Zacks Investment Research cut Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, BMO Capital Markets reissued a “hold” rating and set a $13.00 target price on shares of Ryerson Holding Corporation in a report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.33.
Ryerson Holding Corporation (RYI) traded down 1.11% during trading on Tuesday, reaching $8.90. The company’s stock had a trading volume of 265,962 shares. The firm has a market capitalization of $330.87 million, a P/E ratio of 15.86 and a beta of 2.19. The stock has a 50-day moving average of $9.24 and a 200 day moving average of $10.82. Ryerson Holding Corporation has a one year low of $7.80 and a one year high of $16.85.
In other Ryerson Holding Corporation news, EVP Mark S. Silver acquired 3,000 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was bought at an average cost of $10.31 per share, for a total transaction of $30,930.00. Following the completion of the transaction, the executive vice president now owns 11,360 shares of the company’s stock, valued at approximately $117,121.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward J. Lehner acquired 3,940 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was acquired at an average price of $9.78 per share, with a total value of $38,533.20. Following the completion of the transaction, the chief executive officer now directly owns 107,470 shares of the company’s stock, valued at approximately $1,051,056.60. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 29,520 shares of company stock valued at $272,186. Insiders own 0.76% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of RYI. Scopus Asset Management L.P. raised its position in Ryerson Holding Corporation by 78.2% in the first quarter. Scopus Asset Management L.P. now owns 574,549 shares of the basic materials company’s stock valued at $7,239,000 after buying an additional 252,089 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Ryerson Holding Corporation during the first quarter valued at approximately $2,210,000. Sanders Morris Harris Inc. purchased a new position in Ryerson Holding Corporation during the first quarter valued at approximately $2,021,000. Menta Capital LLC purchased a new position in Ryerson Holding Corporation during the first quarter valued at approximately $1,951,000. Finally, James Investment Research Inc. purchased a new position in Ryerson Holding Corporation during the second quarter valued at approximately $1,529,000. Institutional investors own 40.25% of the company’s stock.
Ryerson Holding Corporation 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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