Analysts expect Ryerson Holding Corp (NYSE:RYI) to report $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Ryerson’s earnings, with estimates ranging from $0.29 to $0.51. Ryerson posted earnings per share of $0.05 in the same quarter last year, which indicates a positive year-over-year growth rate of 740%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Ryerson will report full year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.93. For the next fiscal year, analysts forecast that the business will post earnings of $1.97 per share, with EPS estimates ranging from $1.32 to $2.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Ryerson.
Ryerson (NYSE:RYI) last released its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Ryerson had a return on equity of 2,278.26% and a net margin of 0.81%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS.
Several research analysts have recently commented on the company. Deutsche Bank lowered Ryerson from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research report on Monday, July 9th. ValuEngine lowered Ryerson from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research lowered Ryerson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.55.
Shares of RYI remained flat at $$10.60 during trading hours on Friday. The stock had a trading volume of 76,129 shares, compared to its average volume of 180,887. The company has a market cap of $391.61 million, a price-to-earnings ratio of 28.65 and a beta of 1.81. The company has a current ratio of 2.17, a quick ratio of 0.99 and a debt-to-equity ratio of 48.25. Ryerson has a 52-week low of $7.85 and a 52-week high of $12.95.
Hedge funds have recently made changes to their positions in the stock. Towle & Co. grew its stake in Ryerson by 7.0% during the 2nd quarter. Towle & Co. now owns 2,188,513 shares of the basic materials company’s stock valued at $24,402,000 after purchasing an additional 143,738 shares during the last quarter. BlackRock Inc. grew its stake in Ryerson by 12.9% during the 2nd quarter. BlackRock Inc. now owns 1,379,843 shares of the basic materials company’s stock valued at $15,385,000 after purchasing an additional 158,104 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ryerson by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,139,289 shares of the basic materials company’s stock valued at $12,703,000 after purchasing an additional 100,475 shares during the last quarter. Penn Capital Management Co. Inc. purchased a new stake in Ryerson during the 1st quarter valued at about $3,763,000. Finally, Wells Fargo & Company MN grew its stake in Ryerson by 5.6% during the 1st quarter. Wells Fargo & Company MN now owns 390,144 shares of the basic materials company’s stock valued at $3,180,000 after purchasing an additional 20,644 shares during the last quarter. Hedge funds and other institutional investors own 37.48% of the company’s stock.
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, structural products, and tubing.
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