Equities research analysts predict that Ryerson Holding Corp (NYSE:RYI) will announce $0.06 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Ryerson’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at $0.20. Ryerson reported earnings per share of ($0.19) in the same quarter last year, which would indicate a positive year over year growth rate of 131.6%. The company is expected to issue its next quarterly earnings results on Monday, March 12th.
On average, analysts expect that Ryerson will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.35 to $0.68. For the next financial year, analysts forecast that the firm will report earnings of $1.35 per share, with EPS estimates ranging from $0.98 to $1.57. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Ryerson.
Ryerson (NYSE:RYI) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Ryerson had a net margin of 0.26% and a negative return on equity of 33.95%. The firm had revenue of $864.20 million for the quarter, compared to analysts’ expectations of $853.35 million. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year.
A number of equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Ryerson to $10.00 and set a “market perform” rating on the stock in a research note on Monday, November 13th. Zacks Investment Research raised shares of Ryerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Jefferies Group reissued a “hold” rating and issued a $9.75 price target on shares of Ryerson in a research note on Friday, November 10th. KeyCorp reissued a “buy” rating and issued a $13.50 price target on shares of Ryerson in a research note on Tuesday, September 19th. Finally, TheStreet raised shares of Ryerson from a “d” rating to a “c” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Ryerson presently has an average rating of “Hold” and a consensus price target of $12.81.
A number of institutional investors and hedge funds have recently made changes to their positions in RYI. Thrivent Financial For Lutherans acquired a new stake in Ryerson during the 2nd quarter worth $2,754,000. Dimensional Fund Advisors LP boosted its stake in Ryerson by 42.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 782,418 shares of the basic materials company’s stock worth $7,745,000 after purchasing an additional 234,747 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Ryerson by 1,111.8% during the 3rd quarter. Wells Fargo & Company MN now owns 246,515 shares of the basic materials company’s stock worth $2,674,000 after purchasing an additional 226,172 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Ryerson during the 2nd quarter worth $1,648,000. Finally, Marshall Wace North America L.P. acquired a new stake in Ryerson during the 2nd quarter worth $1,476,000. 39.47% of the stock is currently owned by institutional investors.
Ryerson (RYI) traded down $0.25 during trading on Tuesday, reaching $9.00. 156,948 shares of the company were exchanged, compared to its average volume of 304,499. Ryerson has a 1 year low of $7.65 and a 1 year high of $16.85. The firm has a market cap of $329.30, a PE ratio of 31.61 and a beta of 2.08. The company has a quick ratio of 1.08, a current ratio of 2.49 and a debt-to-equity ratio of -70.93.
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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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