Analysts Anticipate Ryerson Holding Corp (RYI) Will Post Earnings of $0.41 Per Share

Brokerages expect Ryerson Holding Corp (NYSE:RYI) to report earnings per share (EPS) of $0.41 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Ryerson’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.68. Ryerson reported earnings of ($0.09) per share in the same quarter last year, which would indicate a positive year over year growth rate of 555.6%. The company is expected to issue its next quarterly earnings report on Monday, March 4th.

According to Zacks, analysts expect that Ryerson will report full year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.03 to $1.59. For the next year, analysts forecast that the business will report earnings of $1.82 per share, with EPS estimates ranging from $1.15 to $2.52. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Ryerson.

Ryerson (NYSE:RYI) last issued its quarterly earnings data on Friday, November 2nd. The basic materials company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). Ryerson had a return on equity of 101.73% and a net margin of 2.60%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was up 44.6% compared to the same quarter last year.

Several analysts have commented on RYI shares. Zacks Investment Research downgraded shares of Ryerson from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine downgraded shares of Ryerson from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Finally, Deutsche Bank raised shares of Ryerson from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.42.

Shares of NYSE RYI traded down $0.39 during mid-day trading on Wednesday, hitting $8.48. The company’s stock had a trading volume of 2,779 shares, compared to its average volume of 150,325. The firm has a market capitalization of $332.13 million, a PE ratio of 23.19 and a beta of 1.93. The company has a current ratio of 2.45, a quick ratio of 1.06 and a debt-to-equity ratio of 12.03. Ryerson has a one year low of $7.85 and a one year high of $12.95.

Hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP boosted its holdings in shares of Ryerson by 3.9% during the 2nd quarter. GSA Capital Partners LLP now owns 130,327 shares of the basic materials company’s stock worth $1,453,000 after buying an additional 4,939 shares in the last quarter. Northern Trust Corp raised its position in Ryerson by 4.0% in the 1st quarter. Northern Trust Corp now owns 171,654 shares of the basic materials company’s stock valued at $1,399,000 after buying an additional 6,529 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Ryerson by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 50,140 shares of the basic materials company’s stock valued at $559,000 after buying an additional 6,867 shares during the last quarter. Teachers Advisors LLC grew its stake in Ryerson by 19.5% in the 3rd quarter. Teachers Advisors LLC now owns 43,955 shares of the basic materials company’s stock valued at $497,000 after purchasing an additional 7,184 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in Ryerson by 59.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,986 shares of the basic materials company’s stock valued at $237,000 after purchasing an additional 7,850 shares during the period. 38.21% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Ryerson (NYSE:RYI)

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